Blue Trust Inc. Grows Position in Ultrapar Participações S.A. (NYSE:UGP)

Blue Trust Inc. raised its position in Ultrapar Participações S.A. (NYSE:UGP) by 72.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,100 shares of the oil and gas company’s stock after acquiring an additional 23,976 shares during the quarter. Blue Trust Inc.’s holdings in Ultrapar Participações were worth $150,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. acquired a new stake in shares of Ultrapar Participações in the 3rd quarter valued at $1,595,000. SG Americas Securities LLC purchased a new position in Ultrapar Participações in the fourth quarter valued at $374,000. Virtu Financial LLC acquired a new stake in Ultrapar Participações in the third quarter valued at $452,000. Hennessy Advisors Inc. lifted its holdings in Ultrapar Participações by 6.8% during 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 last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of 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 worth $617,000 after acquiring an additional 105,133 shares in the last quarter. Institutional investors and hedge funds own 3.58% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. StockNews.com lowered Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. The Goldman Sachs Group raised shares of Ultrapar Participações from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $4.10 to $3.20 in a report on Friday, January 31st. JPMorgan Chase & Co. upgraded shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. HSBC raised shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Finally, Hsbc Global Res raised shares of Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $3.20.

Ultrapar Participações Price Performance

Shares of NYSE UGP opened at $2.80 on Thursday. The stock has a market cap of $3.12 billion, a P/E ratio of 6.08, a P/E/G ratio of 2.51 and a beta of 1.52. Ultrapar Participações S.A. has a twelve month low of $2.53 and a twelve month high of $6.34. The stock has a 50 day moving average of $2.77 and a two-hundred day moving average of $3.49. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76.

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.