Ultrapar Participações (NYSE:UGP) Shares Gap Up – Here’s What Happened

Ultrapar Participações S.A. (NYSE:UGP) 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 traded.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $5.20.

Ultrapar Participações Price Performance

The firm has a market capitalization of $3.41 billion, a PE ratio of 6.65, a PEG ratio of 2.50 and a beta of 1.61. 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 firm has a 50-day simple moving average of $3.65 and a 200-day simple moving average of $4.03.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Sequoia Financial Advisors LLC purchased a new position in Ultrapar Participações in the third quarter worth about $46,000. Freedom Investment Management Inc. purchased a new position in shares of Ultrapar Participações during the 3rd quarter valued at about $48,000. Cutter & CO Brokerage Inc. purchased a new position in shares of Ultrapar Participações during the 2nd quarter valued at about $57,000. D Orazio & Associates Inc. lifted its position in shares of Ultrapar Participações by 30.3% during the 2nd quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after buying an additional 3,498 shares in the last quarter. Finally, Blue Trust Inc. lifted its position in shares of Ultrapar Participações by 567.5% during the 2nd quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 13,461 shares in the last quarter. 3.58% of the stock is owned by hedge funds and other institutional investors.

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.