Ultrapar Participações (NYSE:UGP) Trading Down 2.6% – What’s Next?

Ultrapar Participações S.A. (NYSE:UGP) traded down 2.6% on Thursday . The stock traded as low as $2.59 and last traded at $2.59. 1,474,847 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 1,537,426 shares. The stock had previously closed at $2.66.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.20.

Ultrapar Participações Stock Performance

The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11. The stock has a fifty day moving average price of $3.20 and a two-hundred day moving average price of $3.75. The company has a market cap of $2.89 billion, a P/E ratio of 5.63, a PEG ratio of 2.21 and a beta of 1.53.

Institutional Trading of Ultrapar Participações

Hedge funds have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC bought a new position in shares of Ultrapar Participações in the third quarter worth $46,000. Freedom Investment Management Inc. acquired a new position in Ultrapar Participações during the 3rd quarter valued at about $48,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of Ultrapar Participações in the 2nd quarter worth approximately $57,000. D Orazio & Associates Inc. boosted its holdings in shares of Ultrapar Participações by 30.3% in the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after acquiring an additional 3,498 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Ultrapar Participações by 67.9% during the third quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock valued at $62,000 after acquiring an additional 6,476 shares during the period. Institutional investors own 3.58% of the company’s stock.

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.