Ultrapar Participações (NYSE:UGP) Shares Gap Up – Time to Buy?

Ultrapar Participações S.A. (NYSE:UGP)’s share price gapped up prior to trading on Tuesday . The stock had previously closed at $3.17, but opened at $3.26. Ultrapar Participações shares last traded at $3.25, with a volume of 80,189 shares changing hands.

Analyst Upgrades and Downgrades

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

Ultrapar Participações Trading Up 3.5 %

The firm has a market cap of $3.66 billion, a price-to-earnings ratio of 6.89, a PEG ratio of 2.50 and a beta of 1.61. The business has a fifty day moving average of $3.69 and a two-hundred day moving average of $4.05. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. D Orazio & Associates Inc. boosted its position in shares of Ultrapar Participações by 30.3% in the 2nd quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock worth $59,000 after buying an additional 3,498 shares in the last quarter. Aigen Investment Management LP lifted its holdings in shares of Ultrapar Participações by 19.4% in the third quarter. Aigen Investment Management LP now owns 38,120 shares of the oil and gas company’s stock valued at $148,000 after purchasing an additional 6,205 shares in the last quarter. Signaturefd LLC lifted its stake in Ultrapar Participações by 67.9% in the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 6,476 shares in the last quarter. Inspire Advisors LLC boosted its stake in shares of 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 valued at $151,000 after acquiring an additional 9,794 shares during the last quarter. Finally, Jane Street Group LLC boosted its stake in shares of Ultrapar Participações by 26.0% during the 3rd quarter. Jane Street Group LLC now owns 48,712 shares of the oil and gas company’s stock worth $189,000 after purchasing an additional 10,037 shares during the last quarter. Hedge funds and other institutional investors own 3.58% of the company’s stock.

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.