Ultrapar Participações (NYSE:UGP) Shares Gap Up – What’s Next?

Shares of Ultrapar Participações S.A. (NYSE:UGP) gapped up before the market opened on Tuesday . The stock had previously closed at $2.58, but opened at $2.77. Ultrapar Participações shares last traded at $2.75, with a volume of 263,474 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on UGP shares. StockNews.com cut Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Scotiabank raised Ultrapar Participações to a “hold” rating in a research note on Friday, December 27th. Finally, JPMorgan Chase & Co. raised Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research note on Tuesday. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ultrapar Participações presently has an average rating of “Hold” and an average target price of $5.20.

Ultrapar Participações Trading Up 7.4 %

The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $3.09 billion, a P/E ratio of 6.02, a price-to-earnings-growth ratio of 2.21 and a beta of 1.52. The business has a fifty day moving average price of $3.08 and a 200 day moving average price of $3.69.

Hedge Funds Weigh In On Ultrapar Participações

A number of large investors have recently bought and sold shares of UGP. BNP Paribas Financial Markets raised its holdings in shares of Ultrapar Participações by 71.8% in the third quarter. BNP Paribas Financial Markets now owns 67,914 shares of the oil and gas company’s stock valued at $264,000 after purchasing an additional 28,379 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Ultrapar Participações in the third quarter valued at approximately $1,595,000. Creative Planning raised its holdings in shares of Ultrapar Participações by 45.2% in the third quarter. Creative Planning now owns 55,980 shares of the oil and gas company’s stock valued at $217,000 after purchasing an additional 17,430 shares during the last quarter. Walleye Capital LLC raised its holdings in shares of Ultrapar Participações by 41.5% in the third quarter. Walleye Capital LLC now owns 36,299 shares of the oil and gas company’s stock valued at $141,000 after purchasing an additional 10,654 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Ultrapar Participações by 332.6% in the second quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock valued at $5,591,000 after purchasing an additional 1,099,433 shares during the last quarter. Institutional investors and hedge funds own 3.58% of the company’s stock.

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.