Ultrapar Participações (NYSE:UGP) Rating Increased to Hold at Scotiabank

Ultrapar Participações (NYSE:UGP) was upgraded by analysts at Scotiabank to a “hold” rating in a research note issued to investors on Friday,Zacks.com reports.

Separately, StockNews.com cut Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.20.

Ultrapar Participações Stock Down 0.4 %

Shares of UGP traded down $0.01 during mid-day trading on Friday, hitting $2.59. 2,163,358 shares of the company’s stock were exchanged, compared to its average volume of 1,542,339. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. The company has a market cap of $2.89 billion, a price-to-earnings ratio of 5.63, a P/E/G ratio of 2.21 and a beta of 1.53. The stock’s 50-day moving average is $3.20 and its 200-day moving average is $3.75. Ultrapar Participações has a fifty-two week low of $2.55 and a fifty-two week high of $6.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. D Orazio & Associates Inc. boosted its stake in Ultrapar Participações by 30.3% in the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after acquiring an additional 3,498 shares in the last quarter. Aigen Investment Management LP boosted its position in shares of Ultrapar Participações by 19.4% in the 3rd 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 period. Signaturefd LLC grew its stake in Ultrapar Participações by 67.9% during the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock worth $62,000 after buying an additional 6,476 shares during the last quarter. Inspire Advisors LLC increased its position in Ultrapar Participações by 33.7% during the third quarter. Inspire Advisors LLC now owns 38,838 shares of the oil and gas company’s stock worth $151,000 after buying an additional 9,794 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Ultrapar Participações by 26.0% in the third quarter. Jane Street Group LLC now owns 48,712 shares of the oil and gas company’s stock valued at $189,000 after acquiring an additional 10,037 shares during the period. 3.58% of the stock is owned by institutional investors and hedge funds.

Ultrapar Participações Company Profile

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.