Ultrapar Participações (NYSE:UGP) Downgraded by StockNews.com to Hold

Ultrapar Participações (NYSE:UGP) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other equities analysts have also commented on UGP. Hsbc Global Res raised Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. HSBC upgraded shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, The Goldman Sachs Group raised shares of Ultrapar Participações from a “neutral” rating to a “buy” rating and decreased their price target for the company from $4.10 to $3.20 in a research note on Friday, January 31st. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $3.20.

Ultrapar Participações Price Performance

Shares of Ultrapar Participações stock opened at $3.10 on Friday. The stock has a market capitalization of $3.45 billion, a price-to-earnings ratio of 6.73, a P/E/G ratio of 2.39 and a beta of 1.13. The firm’s 50-day moving average price is $3.02 and its two-hundred day moving average price is $2.96. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76. Ultrapar Participações has a 1-year low of $2.53 and a 1-year high of $4.89.

Hedge Funds Weigh In On Ultrapar Participações

A number of hedge funds and other institutional investors have recently bought and sold shares of UGP. AQR Capital Management LLC raised its position in shares of Ultrapar Participações by 10.9% during the 1st quarter. AQR Capital Management LLC now owns 70,838 shares of the oil and gas company’s stock valued at $218,000 after acquiring an additional 6,947 shares during the last quarter. Aprio Wealth Management LLC increased its holdings in Ultrapar Participações by 138.9% in the first quarter. Aprio Wealth Management LLC now owns 85,370 shares of the oil and gas company’s stock valued at $263,000 after purchasing an additional 49,628 shares during the last quarter. Vident Advisory LLC lifted its stake in Ultrapar Participações by 5.9% in the first quarter. Vident Advisory LLC now owns 138,906 shares of the oil and gas company’s stock valued at $428,000 after buying an additional 7,777 shares during the period. American Century Companies Inc. boosted its holdings in Ultrapar Participações by 6.5% during the first quarter. American Century Companies Inc. now owns 1,892,257 shares of the oil and gas company’s stock worth $5,828,000 after buying an additional 116,150 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of Ultrapar Participações by 15.8% during the 1st quarter. Invesco Ltd. now owns 98,323 shares of the oil and gas company’s stock worth $303,000 after buying an additional 13,416 shares during the period. 3.58% of the stock is 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.