Ultrapar Participações (NYSE:UGP) Rating Lowered to Hold at StockNews.com

Ultrapar Participações (NYSE:UGP) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

A number of other research firms also recently weighed in on UGP. Hsbc Global Res upgraded Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research note on Friday, July 19th. The Goldman Sachs Group dropped their price objective on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating for the company in a research note on Tuesday, July 23rd. Finally, HSBC upgraded Ultrapar Participações from a “reduce” rating to a “hold” rating in a research report on Friday, July 19th. Five research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $5.20.

Ultrapar Participações Stock Performance

NYSE UGP traded up $0.02 during midday trading on Wednesday, hitting $3.58. The company had a trading volume of 2,700,745 shares, compared to its average volume of 1,361,423. Ultrapar Participações has a fifty-two week low of $3.48 and a fifty-two week high of $6.34. The stock has a market cap of $3.99 billion, a price-to-earnings ratio of 6.88, a P/E/G ratio of 2.80 and a beta of 1.61. The firm has a fifty day simple moving average of $3.82 and a two-hundred day simple moving average of $4.15. The company has a quick ratio of 1.16, a current ratio of 1.55 and a debt-to-equity ratio of 0.77.

Institutional Trading of Ultrapar Participações

Hedge funds and other institutional investors have recently made changes to their positions in the stock. D Orazio & Associates Inc. grew its holdings in shares of Ultrapar Participações by 30.3% during the 2nd quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock worth $59,000 after acquiring an additional 3,498 shares during the period. BNP Paribas Financial Markets grew its holdings in Ultrapar Participações by 36.1% in the first quarter. BNP Paribas Financial Markets now owns 17,923 shares of the oil and gas company’s stock worth $103,000 after purchasing an additional 4,757 shares during the period. Aigen Investment Management LP lifted its holdings 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 valued at $148,000 after purchasing an additional 6,205 shares during the last quarter. Signaturefd LLC boosted its position in shares of Ultrapar Participações by 67.9% in the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 6,476 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC grew its stake in shares of Ultrapar Participações by 7.1% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 115,775 shares of the oil and gas company’s stock worth $662,000 after buying an additional 7,638 shares during the last quarter. 3.58% of the stock is currently owned by institutional investors.

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.