Ultrapar Participações (NYSE:UGP) Reaches New 1-Year Low – What’s Next?

Ultrapar Participações S.A. (NYSE:UGP) shares reached a new 52-week low on Thursday . The company traded as low as $3.14 and last traded at $3.14, with a volume of 7289 shares trading hands. The stock had previously closed at $3.24.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Ultrapar Participações presently has a consensus rating of “Hold” and an average price target of $5.20.

Ultrapar Participações Stock Performance

The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76. The stock’s 50-day moving average price is $3.71 and its 200-day moving average price is $4.08. The company has a market capitalization of $3.55 billion, a P/E ratio of 6.91, a P/E/G ratio of 2.53 and a beta of 1.61.

Institutional Trading of Ultrapar Participações

A number of large investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new position in Ultrapar Participações during the 3rd quarter valued at about $46,000. Freedom Investment Management Inc. acquired a new stake in shares of Ultrapar Participações during the third quarter worth approximately $48,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of Ultrapar Participações during the second quarter worth approximately $57,000. D Orazio & Associates Inc. lifted 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 during the last quarter. Finally, Blue Trust Inc. lifted its stake in Ultrapar Participações by 567.5% in the second quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock valued at $62,000 after acquiring an additional 13,461 shares during the last quarter. Institutional investors and hedge funds 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.