Ultrapar Participacoes S.A. (NYSE:UGP - Get Free Report) shares gapped down before the market opened on Thursday . The stock had previously closed at $3.27, but opened at $3.17. Ultrapar Participacoes shares last traded at $3.17, with a volume of 261,687 shares changing hands.
Analyst Ratings Changes
Separately, Wall Street Zen cut Ultrapar Participacoes 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 given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $3.20.
View Our Latest Research Report on UGP
Ultrapar Participacoes Stock Performance
The company has a 50-day moving average price of $3.08 and a two-hundred day moving average price of $2.95. The stock has a market capitalization of $3.50 billion, a P/E ratio of 8.72, a PEG ratio of 2.09 and a beta of 1.06. The company has a quick ratio of 1.26, a current ratio of 1.76 and a debt-to-equity ratio of 0.76.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Polunin Capital Partners Ltd grew its holdings in shares of Ultrapar Participacoes by 8.9% during the second quarter. Polunin Capital Partners Ltd now owns 9,457,242 shares of the oil and gas company's stock worth $31,398,000 after purchasing an additional 776,808 shares in the last quarter. Inspire Investing LLC purchased a new position in shares of Ultrapar Participacoes during the first quarter worth about $53,000. AQR Capital Management LLC grew its holdings in shares of Ultrapar Participacoes by 10.9% during the first quarter. AQR Capital Management LLC now owns 70,838 shares of the oil and gas company's stock worth $218,000 after purchasing an additional 6,947 shares in the last quarter. Aprio Wealth Management LLC grew its holdings in shares of Ultrapar Participacoes by 138.9% during the first quarter. Aprio Wealth Management LLC now owns 85,370 shares of the oil and gas company's stock worth $263,000 after purchasing an additional 49,628 shares in the last quarter. Finally, Vident Advisory LLC grew its holdings in shares of Ultrapar Participacoes by 5.9% during the first quarter. Vident Advisory LLC now owns 138,906 shares of the oil and gas company's stock worth $428,000 after purchasing an additional 7,777 shares in the last quarter. Hedge funds and other institutional investors own 3.58% of the company's stock.
About Ultrapar Participacoes
(
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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.
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