Ultrapar Participações S.A. (NYSE:UGP) Stock Position Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company grew its position in shares of Ultrapar Participações S.A. (NYSE:UGP) by 6.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 251,203 shares of the oil and gas company’s stock after acquiring an additional 15,517 shares during the period. The Manufacturers Life Insurance Company’s holdings in Ultrapar Participações were worth $975,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Dynamic Technology Lab Private Ltd lifted its stake in shares of Ultrapar Participações by 50.5% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 166,966 shares of the oil and gas company’s stock valued at $648,000 after purchasing an additional 56,005 shares during the last quarter. Advisors Asset Management Inc. lifted its position in shares of Ultrapar Participações by 71.8% in the third quarter. Advisors Asset Management Inc. now owns 134,363 shares of the oil and gas company’s stock worth $521,000 after buying an additional 56,142 shares during the last quarter. Metis Global Partners LLC boosted its stake in shares of Ultrapar Participações by 33.5% during the 3rd quarter. Metis Global Partners LLC now owns 40,340 shares of the oil and gas company’s stock worth $157,000 after acquiring an additional 10,119 shares in the last quarter. Aigen Investment Management LP increased its holdings in shares of Ultrapar Participações by 19.4% during the 3rd quarter. Aigen Investment Management LP now owns 38,120 shares of the oil and gas company’s stock valued at $148,000 after acquiring an additional 6,205 shares during the last quarter. Finally, PDS Planning Inc raised its stake in shares of Ultrapar Participações by 90.2% in the 3rd quarter. PDS Planning Inc now owns 21,408 shares of the oil and gas company’s stock valued at $83,000 after acquiring an additional 10,153 shares in the last quarter. Institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Price Performance

Shares of UGP stock opened at $2.93 on Friday. 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’s fifty day simple moving average is $3.43 and its 200 day simple moving average is $3.89. Ultrapar Participações S.A. has a one year low of $2.80 and a one year high of $6.34. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 6.37, a P/E/G ratio of 2.31 and a beta of 1.53.

Analyst Ratings Changes

Separately, StockNews.com cut Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.20.

Ultrapar Participações 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.