Wellington Management Group LLP Grows Position in Ultrapar Participações S.A. (NYSE:UGP)

Wellington Management Group LLP lifted its holdings in shares of Ultrapar Participações S.A. (NYSE:UGP - Free Report) by 162.2% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 599,642 shares of the oil and gas company's stock after acquiring an additional 370,960 shares during the period. Wellington Management Group LLP owned approximately 0.05% of Ultrapar Participações worth $1,577,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Ultrapar Participações during the fourth quarter worth about $29,000. Franklin Resources Inc. purchased a new stake in shares of Ultrapar Participações during the fourth quarter worth about $31,000. Wolverine Trading LLC purchased a new stake in shares of Ultrapar Participações during the fourth quarter worth about $35,000. Signaturefd LLC boosted its position in Ultrapar Participações by 23.0% in the fourth quarter. Signaturefd LLC now owns 19,705 shares of the oil and gas company's stock valued at $52,000 after buying an additional 3,688 shares during the last quarter. Finally, QRG Capital Management Inc. boosted its position in Ultrapar Participações by 38.1% in the fourth quarter. QRG Capital Management Inc. now owns 20,609 shares of the oil and gas company's stock valued at $54,000 after buying an additional 5,687 shares during the last quarter. Hedge funds and other institutional investors own 3.58% of the company's stock.

Ultrapar Participações Stock Performance

Ultrapar Participações stock traded up $0.02 during mid-day trading on Friday, hitting $2.94. The company had a trading volume of 1,382,724 shares, compared to its average volume of 1,698,817. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76. Ultrapar Participações S.A. has a 12-month low of $2.53 and a 12-month high of $4.51. The company's fifty day moving average is $2.99 and its 200-day moving average is $2.91. The company has a market capitalization of $3.28 billion, a price-to-earnings ratio of 6.39, a P/E/G ratio of 2.39 and a beta of 1.03.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered 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, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average 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.