Ultrapar Participacoes (NYSE:UGP) Stock Crosses Above 200-Day Moving Average - Here's Why

Ultrapar Participacoes S.A. (NYSE:UGP - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $2.98 and traded as high as $3.03. Ultrapar Participacoes shares last traded at $3.01, with a volume of 1,982,889 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Ultrapar Participacoes from a "buy" rating to a "hold" rating in a research note on Saturday, May 17th. Two equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $3.20.

Ultrapar Participacoes Trading Up 1.9%

The company's 50 day moving average price is $3.07 and its 200 day moving average price is $2.98. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.76 and a quick ratio of 1.26. The firm has a market cap of $3.35 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 1.92 and a beta of 1.06.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Polunin Capital Partners Ltd lifted its stake in Ultrapar Participacoes by 8.9% in 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 acquiring an additional 776,808 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in Ultrapar Participacoes by 74.3% in the fourth quarter. Renaissance Technologies LLC now owns 3,513,800 shares of the oil and gas company's stock valued at $9,241,000 after purchasing an additional 1,497,300 shares in the last quarter. Marshall Wace LLP lifted its position in shares of Ultrapar Participacoes by 18.7% during the 4th quarter. Marshall Wace LLP now owns 2,821,125 shares of the oil and gas company's stock worth $7,420,000 after buying an additional 444,724 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Ultrapar Participacoes by 6.5% during the 1st quarter. American Century Companies Inc. now owns 1,892,257 shares of the oil and gas company's stock worth $5,828,000 after buying an additional 116,150 shares during the last quarter. Finally, Two Sigma Investments LP lifted its position in shares of Ultrapar Participacoes by 58.2% during the 4th quarter. Two Sigma Investments LP now owns 1,654,373 shares of the oil and gas company's stock worth $4,351,000 after buying an additional 608,951 shares during the last quarter. Hedge funds and other institutional investors own 3.58% of the company's stock.

Ultrapar Participacoes 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.

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