142,151 Shares in Ultrapar Participações S.A. (NYSE:UGP) Acquired by SG Americas Securities LLC

SG Americas Securities LLC bought a new position in Ultrapar Participações S.A. (NYSE:UGP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund bought 142,151 shares of the oil and gas company’s stock, valued at approximately $374,000.

A number of other large investors have also added to or reduced their stakes in the stock. Hennessy Advisors Inc. boosted its holdings in Ultrapar Participações by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 1,811,400 shares of the oil and gas company’s stock worth $4,764,000 after buying an additional 115,600 shares during the period. JPMorgan Chase & Co. grew its holdings in Ultrapar Participações by 194.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 159,142 shares of the oil and gas company’s stock valued at $617,000 after purchasing an additional 105,133 shares during the last quarter. Virtu Financial LLC bought a new position in Ultrapar Participações in the 3rd quarter worth about $452,000. Jane Street Group LLC grew its stake in 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 acquiring an additional 10,037 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in Ultrapar Participações in the 3rd quarter worth about $1,595,000. Institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Trading Up 1.9 %

Shares of UGP stock opened at $2.90 on Tuesday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. The stock has a market capitalization of $3.23 billion, a P/E ratio of 6.29, a price-to-earnings-growth ratio of 2.51 and a beta of 1.52. The company has a 50 day moving average price of $2.78 and a 200 day moving average price of $3.50. Ultrapar Participações S.A. has a fifty-two week low of $2.53 and a fifty-two week high of $6.34.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. HSBC upgraded shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Hsbc Global Res raised shares of Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a report on Friday, January 17th. Scotiabank raised shares of Ultrapar Participações to a “hold” rating in a report on Friday, December 27th. The Goldman Sachs Group upgraded shares of Ultrapar Participações from a “neutral” rating to a “buy” rating and dropped their price target for the company from $4.10 to $3.20 in a research report on Friday. Finally, JPMorgan Chase & Co. upgraded shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $3.20.

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.