Wellington Management Group LLP Has $1.58 Million Stock Position in Ultrapar Participações S.A. (NYSE:UGP)

Wellington Management Group LLP grew its holdings in shares of Ultrapar Participações S.A. (NYSE:UGP - Free Report) by 162.2% in the 4th 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 about 0.05% of Ultrapar Participações worth $1,577,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Renaissance Technologies LLC raised its position in Ultrapar Participações by 74.3% during the 4th quarter. Renaissance Technologies LLC now owns 3,513,800 shares of the oil and gas company's stock worth $9,241,000 after purchasing an additional 1,497,300 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Ultrapar Participações by 763.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,374,747 shares of the oil and gas company's stock valued at $3,616,000 after buying an additional 1,215,605 shares during the period. Two Sigma Investments LP raised its position in shares of Ultrapar Participações by 58.2% during the fourth quarter. Two Sigma Investments LP now owns 1,654,373 shares of the oil and gas company's stock worth $4,351,000 after acquiring an additional 608,951 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Ultrapar Participações by 76.4% in the fourth quarter. Millennium Management LLC now owns 1,175,452 shares of the oil and gas company's stock worth $3,091,000 after acquiring an additional 509,037 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of Ultrapar Participações by 194.4% in the fourth quarter. Cubist Systematic Strategies LLC now owns 734,949 shares of the oil and gas company's stock worth $1,933,000 after acquiring an additional 485,299 shares during the period. Institutional investors and hedge funds own 3.58% of the company's stock.

Ultrapar Participações Trading Up 1.5%

Shares of UGP stock traded up $0.05 during mid-day trading on Monday, hitting $2.98. The company's stock had a trading volume of 5,596,912 shares, compared to its average volume of 1,714,569. The company has a market cap of $3.32 billion, a PE ratio of 6.47, a P/E/G ratio of 2.39 and a beta of 1.03. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. The company's fifty day simple moving average is $2.99 and its 200-day simple moving average is $2.91. Ultrapar Participações S.A. has a 52 week low of $2.53 and a 52 week high of $4.51.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Ultrapar Participações from a "buy" rating to a "hold" rating in a report on Saturday, May 17th. Two research analysts have rated the stock with a hold rating, four have assigned 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.

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.