Ultrapar Participações (NYSE:UGP) Shares Gap Down – Should You Sell?

Shares of Ultrapar Participações S.A. (NYSE:UGP) gapped down prior to trading on Wednesday . The stock had previously closed at $2.75, but opened at $2.68. Ultrapar Participações shares last traded at $2.65, with a volume of 131,604 shares changing hands.

Analyst Ratings Changes

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

Ultrapar Participações Price Performance

The company has a market cap of $2.93 billion, a price-to-earnings ratio of 5.74, a PEG ratio of 2.21 and a beta of 1.53. The company’s 50 day moving average price is $3.37 and its 200 day moving average price is $3.84. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Blue Trust Inc. lifted its stake in shares of Ultrapar Participações by 567.5% in the second quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 13,461 shares during the period. Hennessy Advisors Inc. acquired a new stake in shares of Ultrapar Participações in the 2nd quarter worth approximately $5,887,000. Atomi Financial Group Inc. grew its holdings in Ultrapar Participações by 13.7% in the second quarter. Atomi Financial Group Inc. now owns 121,470 shares of the oil and gas company’s stock valued at $475,000 after purchasing an additional 14,650 shares during the last quarter. Cutter & CO Brokerage Inc. purchased a new stake in shares of Ultrapar Participações in the 2nd quarter worth about $57,000. Finally, Acadian Asset Management LLC grew its stake in Ultrapar Participações by 8.4% in the 2nd quarter. Acadian Asset Management LLC now owns 3,764,084 shares of the oil and gas company’s stock valued at $14,713,000 after acquiring an additional 293,036 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.