Barclays PLC Sells 96,527 Shares of Ultrapar Participações S.A. (NYSE:UGP)

Barclays PLC trimmed its stake in shares of Ultrapar Participações S.A. (NYSE:UGP) by 92.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,433 shares of the oil and gas company’s stock after selling 96,527 shares during the quarter. Barclays PLC’s holdings in Ultrapar Participações were worth $33,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. D Orazio & Associates Inc. grew its position in shares of Ultrapar Participações by 30.3% in the 2nd quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock worth $59,000 after buying an additional 3,498 shares during the last quarter. Aigen Investment Management LP grew 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 worth $148,000 after buying an additional 6,205 shares during the last quarter. Signaturefd LLC grew its position in shares of Ultrapar Participações by 67.9% in 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 grew its position in shares of Ultrapar Participações by 33.7% in the 3rd 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 last quarter. Finally, Jane Street Group LLC grew its position in shares of Ultrapar Participações by 26.0% in the 3rd quarter. Jane Street Group LLC now owns 48,712 shares of the oil and gas company’s stock worth $189,000 after buying an additional 10,037 shares during the last quarter. 3.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

Ultrapar Participações Trading Down 4.8 %

UGP opened at $2.59 on Friday. The stock has a market cap of $2.89 billion, a PE ratio of 5.63, a PEG ratio of 2.21 and a beta of 1.52. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76. The business has a 50 day moving average of $3.02 and a 200-day moving average of $3.67. Ultrapar Participações S.A. has a 52 week low of $2.53 and a 52 week high of $6.34.

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.