Shares of Ultrapar Participacoes SA (NYSE:UGP) gapped down prior to trading on Friday . The stock had previously closed at $4.77, but opened at $4.97. Ultrapar Participacoes shares last traded at $4.87, with a volume of 59,978 shares traded.
Several equities research analysts have recently issued reports on UGP shares. ValuEngine raised Ultrapar Participacoes from a “sell” rating to a “hold” rating in a report on Friday, November 1st. Banco Santander raised Ultrapar Participacoes to a “buy” rating and set a $6.20 target price on the stock in a report on Tuesday, December 10th. Zacks Investment Research raised Ultrapar Participacoes from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a report on Tuesday, January 21st. Santander raised Ultrapar Participacoes from a “hold” rating to a “buy” rating and set a $6.20 target price on the stock in a report on Tuesday, December 10th. Finally, Citigroup raised Ultrapar Participacoes from a “neutral” rating to a “buy” rating in a report on Monday, February 10th. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $5.77.
The company has a market cap of $5.40 billion, a PE ratio of 48.50, a price-to-earnings-growth ratio of 1.56 and a beta of 0.36. The company has a debt-to-equity ratio of 1.49, a current ratio of 2.97 and a quick ratio of 2.34. The company has a 50-day moving average of $5.98 and a 200 day moving average of $5.12.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Profund Advisors LLC grew its position in Ultrapar Participacoes by 24.7% in the fourth quarter. Profund Advisors LLC now owns 79,415 shares of the oil and gas company’s stock worth $497,000 after acquiring an additional 15,745 shares in the last quarter. Jane Street Group LLC purchased a new position in Ultrapar Participacoes in the fourth quarter worth about $251,000. Bank of America Corp DE grew its position in Ultrapar Participacoes by 183.8% in the fourth quarter. Bank of America Corp DE now owns 3,071,168 shares of the oil and gas company’s stock worth $19,226,000 after acquiring an additional 1,988,961 shares in the last quarter. UBS Group AG grew its position in Ultrapar Participacoes by 153.2% in the fourth quarter. UBS Group AG now owns 78,323 shares of the oil and gas company’s stock worth $490,000 after acquiring an additional 47,391 shares in the last quarter. Finally, Banco Bilbao Vizcaya Argentaria S.A. purchased a new position in Ultrapar Participacoes in the fourth quarter worth about $956,000. Institutional investors own 3.27% of the company’s stock.
Ultrapar Participacoes Company Profile (NYSE:UGP)
Ultrapar Participações SA engages in the gas distribution, fuel distribution, chemicals, storage, and drugstores businesses primarily in Brazil, Mexico, Uruguay, Venezuela, other Latin American countries, the United States, Canada, the Far East, Europe, and internationally. The company’s Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers, as well as independent dealers primarily in the South, Southeast, and Northeast regions of Brazil.
