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

Ultrapar Participações S.A. (NYSE:UGP) shares gapped up prior to trading on Tuesday . The stock had previously closed at $2.58, but opened at $2.77. Ultrapar Participações shares last traded at $2.75, with a volume of 263,474 shares traded.

Wall Street Analyst Weigh In

UGP has been the topic of a number of research reports. StockNews.com downgraded Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. JPMorgan Chase & Co. raised Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday. Finally, Scotiabank raised Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $5.20.

Ultrapar Participações Stock Performance

The company has a market cap of $3.09 billion, a P/E ratio of 6.02, a P/E/G ratio of 2.21 and a beta of 1.52. The firm has a 50 day moving average price of $3.08 and a 200-day moving average price of $3.69. 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 Trading of Ultrapar Participações

Several large investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. boosted its stake in shares of Ultrapar Participações by 194.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 159,142 shares of the oil and gas company’s stock worth $617,000 after acquiring an additional 105,133 shares in the last quarter. Virtu Financial LLC acquired a new position in shares of Ultrapar Participações during the 3rd quarter worth about $452,000. Jane Street Group LLC lifted its position 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. Point72 Asset Management L.P. acquired a new position in shares of Ultrapar Participações during the 3rd quarter worth about $1,595,000. Finally, Walleye Capital LLC lifted its position in shares of Ultrapar Participações by 41.5% during the 3rd quarter. Walleye Capital LLC now owns 36,299 shares of the oil and gas company’s stock worth $141,000 after purchasing an additional 10,654 shares during the last quarter. Institutional investors own 3.58% of the company’s stock.

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.