Ultrapar Participações (NYSE:UGP) Shares Gap Up – What’s Next?

Ultrapar Participações S.A. (NYSE:UGP)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $2.75, but opened at $2.84. Ultrapar Participações shares last traded at $2.83, with a volume of 88,818 shares traded.

Wall Street Analyst Weigh In

Several analysts have commented on UGP shares. HSBC upgraded shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. raised Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Scotiabank upgraded Ultrapar Participações to a “hold” rating in a research note on Friday, December 27th. StockNews.com downgraded Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, Hsbc Global Res upgraded Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. Four research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Ultrapar Participações presently has a consensus rating of “Moderate Buy” and an average price target of $4.10.

Ultrapar Participações Trading Up 2.4 %

The stock has a market cap of $3.14 billion, a PE ratio of 6.12, a price-to-earnings-growth ratio of 2.47 and a beta of 1.52. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. The company has a 50 day moving average of $2.82 and a two-hundred day moving average of $3.56.

Hedge Funds Weigh In On Ultrapar Participações

Large investors have recently added to or reduced their stakes in the stock. Aigen Investment Management LP increased its position in shares of Ultrapar Participações by 19.4% during the third quarter. Aigen Investment Management LP now owns 38,120 shares of the oil and gas company’s stock worth $148,000 after purchasing an additional 6,205 shares in the last quarter. Signaturefd LLC grew its holdings in shares of 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 buying an additional 6,476 shares in the last quarter. Inspire Advisors LLC raised its position in shares of Ultrapar Participações by 33.7% in the third quarter. Inspire Advisors LLC now owns 38,838 shares of the oil and gas company’s stock valued at $151,000 after buying an additional 9,794 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of 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 worth $189,000 after buying an additional 10,037 shares in the last quarter. Finally, Metis Global Partners LLC boosted its position in Ultrapar Participações by 33.5% during the third quarter. Metis Global Partners LLC now owns 40,340 shares of the oil and gas company’s stock worth $157,000 after acquiring an additional 10,119 shares during the last quarter. 3.58% of the stock is currently owned by institutional investors and hedge funds.

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.