Ultrapar Participações S.A. (NYSE:UGP) Shares Sold by Navellier & Associates Inc.

Navellier & Associates Inc. trimmed its stake in Ultrapar Participações S.A. (NYSE:UGP) by 4.6% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 132,819 shares of the oil and gas company’s stock after selling 6,365 shares during the quarter. Navellier & Associates Inc.’s holdings in Ultrapar Participações were worth $515,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets lifted its position in Ultrapar Participações by 36.1% in the 1st quarter. BNP Paribas Financial Markets now owns 17,923 shares of the oil and gas company’s stock valued at $103,000 after purchasing an additional 4,757 shares during the last quarter. O Shaughnessy Asset Management LLC boosted its position in shares of Ultrapar Participações by 60.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 356,835 shares of the oil and gas company’s stock worth $2,041,000 after buying an additional 133,791 shares during the period. Advisors Asset Management Inc. bought a new position in Ultrapar Participações in the 1st quarter worth approximately $348,000. Mount Yale Investment Advisors LLC increased its position in Ultrapar Participações by 7.1% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 115,775 shares of the oil and gas company’s stock valued at $662,000 after acquiring an additional 7,638 shares during the period. Finally, Simplicity Wealth LLC raised its stake in Ultrapar Participações by 41.2% during the 2nd quarter. Simplicity Wealth LLC now owns 35,199 shares of the oil and gas company’s stock valued at $138,000 after acquiring an additional 10,264 shares in the last quarter. Institutional investors and hedge funds own 3.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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 company’s stock. Based on data from MarketBeat.com, Ultrapar Participações currently has an average rating of “Hold” and a consensus price target of $5.20.

Ultrapar Participações Price Performance

NYSE UGP opened at $3.15 on Friday. Ultrapar Participações S.A. has a 12 month low of $3.12 and a 12 month high of $6.34. The firm has a market capitalization of $3.51 billion, a PE ratio of 6.83, a P/E/G ratio of 2.53 and a beta of 1.61. The company’s 50 day simple moving average is $3.73 and its 200 day simple moving average is $4.09. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11.

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.