Jane Street Group LLC Buys 10,037 Shares of Ultrapar Participações S.A. (NYSE:UGP)

Jane Street Group LLC increased its stake in shares of Ultrapar Participações S.A. (NYSE:UGP) by 26.0% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 48,712 shares of the oil and gas company’s stock after purchasing an additional 10,037 shares during the quarter. Jane Street Group LLC’s holdings in Ultrapar Participações were worth $189,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of UGP. Marshall Wace LLP boosted its stake in Ultrapar Participações by 332.6% during the second quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock worth $5,591,000 after buying an additional 1,099,433 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Ultrapar Participações by 57.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,450,300 shares of the oil and gas company’s stock worth $9,581,000 after acquiring an additional 898,600 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Ultrapar Participações in the 3rd quarter worth about $1,595,000. Ritholtz Wealth Management boosted its stake in shares of Ultrapar Participações by 54.0% during the 3rd quarter. Ritholtz Wealth Management now owns 283,247 shares of the oil and gas company’s stock worth $1,099,000 after purchasing an additional 99,324 shares during the period. Finally, Advisors Asset Management Inc. grew its holdings in Ultrapar Participações by 71.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 134,363 shares of the oil and gas company’s stock valued at $521,000 after purchasing an additional 56,142 shares during the last quarter. Institutional investors own 3.58% of the company’s stock.

Analyst Upgrades and Downgrades

UGP has been the subject of several analyst reports. JPMorgan Chase & Co. raised shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Scotiabank raised Ultrapar Participações to a “hold” rating in a research note on Friday, December 27th. Finally, StockNews.com downgraded Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. 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, the company currently has a consensus rating of “Hold” and an average price target of $5.20.

Ultrapar Participações Price Performance

Shares of UGP stock opened at $2.59 on Monday. The company has a market capitalization of $2.89 billion, a P/E ratio of 5.63, a P/E/G ratio of 2.21 and a beta of 1.52. The company’s 50-day simple moving average is $3.00 and its two-hundred day simple moving average is $3.65. Ultrapar Participações S.A. has a one year low of $2.53 and a one year high of $6.34. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11.

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.