Ultrapar Participações (NYSE:UGP) Raised to Hold at Scotiabank

Ultrapar Participações (NYSE:UGP) was upgraded by Scotiabank to a “hold” rating in a report released on Friday,Zacks.com reports.

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

Ultrapar Participações Stock Down 0.4 %

UGP opened at $2.59 on Friday. Ultrapar Participações has a 52 week low of $2.55 and a 52 week high of $6.34. 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 firm has a 50-day simple moving average of $3.20 and a two-hundred day simple moving average of $3.75. The company has a market capitalization of $2.89 billion, a PE ratio of 5.63, a price-to-earnings-growth ratio of 2.21 and a beta of 1.53.

Institutional Trading of Ultrapar Participações

Large investors have recently made changes to their positions in the business. D Orazio & Associates Inc. grew its position 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 worth $59,000 after acquiring an additional 3,498 shares in the last quarter. Aigen Investment Management LP lifted its stake 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 valued at $148,000 after purchasing an additional 6,205 shares during the last quarter. Signaturefd LLC boosted its holdings 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 purchasing an additional 6,476 shares during the period. Inspire Advisors LLC increased its position in shares of Ultrapar Participações by 33.7% during the 3rd quarter. Inspire Advisors LLC now owns 38,838 shares of the oil and gas company’s stock valued at $151,000 after purchasing an additional 9,794 shares during the last quarter. Finally, Jane Street Group LLC raised its holdings in Ultrapar Participações by 26.0% during the 3rd quarter. Jane Street Group LLC now owns 48,712 shares of the oil and gas company’s stock valued at $189,000 after buying an additional 10,037 shares during the period. 3.58% of the stock is currently owned by institutional investors.

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.