Blue Trust Inc. Raises Holdings in Ultrapar Participações S.A. (NYSE:UGP)

Blue Trust Inc. grew its holdings in Ultrapar Participações S.A. (NYSE:UGP) by 72.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,100 shares of the oil and gas company’s stock after buying an additional 23,976 shares during the quarter. Blue Trust Inc.’s holdings in Ultrapar Participações were worth $150,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of UGP. Aigen Investment Management LP boosted its stake 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 worth $148,000 after acquiring an additional 6,205 shares in the last quarter. Signaturefd LLC raised its holdings in Ultrapar Participações by 67.9% during the third quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 6,476 shares during the last quarter. Inspire Advisors LLC boosted its position in Ultrapar Participações by 33.7% during the third quarter. Inspire Advisors LLC now owns 38,838 shares of the oil and gas company’s stock worth $151,000 after purchasing an additional 9,794 shares in the last quarter. Jane Street Group LLC grew its holdings in Ultrapar Participações by 26.0% in the third quarter. Jane Street Group LLC now owns 48,712 shares of the oil and gas company’s stock valued at $189,000 after purchasing an additional 10,037 shares during the last quarter. Finally, Metis Global Partners LLC increased its position in shares of Ultrapar Participações by 33.5% in the third quarter. Metis Global Partners LLC now owns 40,340 shares of the oil and gas company’s stock valued at $157,000 after buying an additional 10,119 shares in the last quarter. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

Ultrapar Participações Stock Performance

Shares of NYSE UGP opened at $2.80 on Thursday. Ultrapar Participações S.A. has a 12 month low of $2.53 and a 12 month high of $6.34. The company has a 50-day simple moving average of $2.77 and a 200-day simple moving average of $3.49. The company has a market cap of $3.12 billion, a PE ratio of 6.08, a price-to-earnings-growth ratio of 2.51 and a beta of 1.52. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11.

Analyst Upgrades and Downgrades

UGP has been the topic of several recent research reports. HSBC upgraded shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. upgraded shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. The Goldman Sachs Group raised shares of Ultrapar Participações from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $4.10 to $3.20 in a research note on Friday, January 31st. Hsbc Global Res raised Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Finally, StockNews.com downgraded Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $3.20.

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.