Ultrapar Participações S.A. (NYSE:UGP) Receives Average Rating of "Hold" from Analysts

Ultrapar Participações S.A. (NYSE:UGP - Get Free Report) has been assigned an average rating of "Hold" from the seven brokerages that are currently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.20.

Several analysts recently issued reports on the company. StockNews.com cut Ultrapar Participações from a "buy" rating to a "hold" rating in a research report on Wednesday, November 13th. Scotiabank upgraded shares of Ultrapar Participações to a "hold" rating in a research report on Friday, December 27th. Finally, JPMorgan Chase & Co. raised shares of Ultrapar Participações from a "neutral" rating to an "overweight" rating in a research note on Tuesday.

Institutional Investors Weigh In On Ultrapar Participações

Large investors have recently modified their holdings of the business. D Orazio & Associates Inc. grew its position in shares of Ultrapar Participações by 30.3% in the 2nd quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company's stock worth $59,000 after buying an additional 3,498 shares during the last quarter. Aigen Investment Management LP increased its position in shares of Ultrapar Participações by 19.4% during the third quarter. Aigen Investment Management LP now owns 38,120 shares of the oil and gas company's stock worth $148,000 after purchasing an additional 6,205 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Ultrapar Participações by 67.9% during the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company's stock valued at $62,000 after purchasing an additional 6,476 shares during the last quarter. Inspire Advisors LLC boosted its position in shares of Ultrapar Participações by 33.7% in the 3rd quarter. Inspire Advisors LLC now owns 38,838 shares of the oil and gas company's stock worth $151,000 after purchasing an additional 9,794 shares in the last quarter. Finally, Jane Street Group LLC increased its position in Ultrapar Participações by 26.0% during the 3rd quarter. Jane Street Group LLC now owns 48,712 shares of the oil and gas company's stock valued at $189,000 after buying an additional 10,037 shares in the last quarter. Institutional investors own 3.58% of the company's stock.

Ultrapar Participações Stock Performance

NYSE:UGP traded down $0.13 on Friday, hitting $2.59. The stock had a trading volume of 1,556,314 shares, compared to its average volume of 1,568,019. The business's 50-day simple moving average is $3.02 and its two-hundred day simple moving average is $3.67. The stock has a market cap of $2.89 billion, a price-to-earnings ratio of 5.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.52. Ultrapar Participações has a 52-week low of $2.53 and a 52-week high of $6.34. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76.

About Ultrapar Participações

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.