Hennessy Advisors Inc. reduced its stake in Ultrapar Participações S.A. (NYSE:UGP - Free Report) by 10.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,625,700 shares of the oil and gas company's stock after selling 185,700 shares during the quarter. Hennessy Advisors Inc. owned 0.15% of Ultrapar Participações worth $5,007,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Mercer Global Advisors Inc. ADV bought a new stake in Ultrapar Participações in the 4th quarter valued at $29,000. Franklin Resources Inc. bought a new stake in Ultrapar Participações in the 4th quarter valued at $31,000. Wolverine Trading LLC bought a new stake in Ultrapar Participações in the 4th quarter valued at $35,000. GAMMA Investing LLC lifted its position in Ultrapar Participações by 92.9% in the 1st quarter. GAMMA Investing LLC now owns 17,413 shares of the oil and gas company's stock valued at $54,000 after acquiring an additional 8,388 shares in the last quarter. Finally, Signaturefd LLC lifted its position in Ultrapar Participações by 23.0% during the 4th quarter. Signaturefd LLC now owns 19,705 shares of the oil and gas company's stock worth $52,000 after buying an additional 3,688 shares in the last quarter. 3.58% of the stock is owned by institutional investors.
Ultrapar Participações Stock Down 0.6%
NYSE:UGP traded down $0.02 on Friday, hitting $3.13. 2,791,346 shares of the company's stock were exchanged, compared to its average volume of 1,729,373. The firm has a 50-day moving average price of $3.00 and a 200-day moving average price of $2.91. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11. Ultrapar Participações S.A. has a 52 week low of $2.53 and a 52 week high of $4.51. The company has a market cap of $3.49 billion, a P/E ratio of 6.80, a price-to-earnings-growth ratio of 2.39 and a beta of 1.03.
Analyst Ratings Changes
Separately, Wall Street Zen cut shares of Ultrapar Participações from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $3.20.
View Our Latest Report on Ultrapar Participações
Ultrapar Participações Profile
(
Free Report)
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.
Further Reading
Before you consider Ultrapar Participações, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Ultrapar Participações wasn't on the list.
While Ultrapar Participações currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
