Natixis Advisors LLC Sells 192,099 Shares of Ultrapar Participações S.A. (NYSE:UGP)

Natixis Advisors LLC trimmed its position in shares of Ultrapar Participações S.A. (NYSE:UGP) by 62.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 117,657 shares of the oil and gas company’s stock after selling 192,099 shares during the quarter. Natixis Advisors LLC’s holdings in Ultrapar Participações were worth $457,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. D Orazio & Associates Inc. increased its stake 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 purchasing an additional 3,498 shares in the last quarter. Aigen Investment Management LP increased its stake in 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 in the last quarter. Signaturefd LLC increased its stake in 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 in the last quarter. Inspire Advisors LLC increased its stake in 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 in the last quarter. Finally, Metis Global Partners LLC increased its stake in Ultrapar Participações by 33.5% in the 3rd quarter. Metis Global Partners LLC now owns 40,340 shares of the oil and gas company’s stock worth $157,000 after buying an additional 10,119 shares in the last quarter. 3.58% of the stock is owned by institutional investors.

Ultrapar Participações Stock Down 6.1 %

Shares of NYSE UGP opened at $3.06 on Friday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11. The company has a market cap of $3.41 billion, a P/E ratio of 6.65, a PEG ratio of 2.50 and a beta of 1.61. Ultrapar Participações S.A. has a 1 year low of $3.04 and a 1 year high of $6.34. The firm has a 50-day simple moving average of $3.63 and a two-hundred day simple moving average of $4.02.

Wall Street Analyst Weigh In

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

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.