Ultrapar Participações (NYSE:UGP) Shares Gap Up – What’s Next?

Ultrapar Participações S.A. (NYSE:UGP)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $2.58, but opened at $2.77. Ultrapar Participações shares last traded at $2.75, with a volume of 263,474 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts recently commented on UGP shares. JPMorgan Chase & Co. upgraded Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday. StockNews.com lowered shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Scotiabank raised shares of Ultrapar Participações to a “hold” rating in a report on Friday, December 27th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Ultrapar Participações presently has a consensus rating of “Hold” and an average target price of $5.20.

Ultrapar Participações Trading Down 0.7 %

The firm has a 50-day moving average of $3.06 and a two-hundred day moving average of $3.68. The firm has a market capitalization of $3.03 billion, a P/E ratio of 5.91, a P/E/G ratio of 2.21 and a beta of 1.52. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76.

Hedge Funds Weigh In On Ultrapar Participações

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. D Orazio & Associates Inc. increased its stake in shares of 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 buying an additional 3,498 shares during the period. Aigen Investment Management LP raised its stake 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 acquiring an additional 6,205 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Ultrapar Participações by 67.9% during the third 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 during the period. Inspire Advisors LLC grew its stake in shares of Ultrapar Participações by 33.7% in the third 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 during the last quarter. Finally, Jane Street Group LLC increased its holdings in 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 purchasing an additional 10,037 shares during the period. Institutional investors own 3.58% of the company’s stock.

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.