Bleakley Financial Group LLC Boosts Holdings in Ultrapar Participações S.A. (NYSE:UGP)

Bleakley Financial Group LLC boosted its position in Ultrapar Participações S.A. (NYSE:UGP) by 33.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 86,850 shares of the oil and gas company’s stock after buying an additional 21,555 shares during the quarter. Bleakley Financial Group LLC’s holdings in Ultrapar Participações were worth $228,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. Sequoia Financial Advisors LLC bought a new stake in Ultrapar Participações in the third quarter worth $46,000. Freedom Investment Management Inc. purchased a new position in Ultrapar Participações in the 3rd quarter worth approximately $48,000. Signaturefd LLC raised its stake in shares of Ultrapar Participações by 67.9% in the third quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 6,476 shares during the last quarter. PDS Planning Inc raised its position in Ultrapar Participações by 90.2% in the 3rd quarter. PDS Planning Inc now owns 21,408 shares of the oil and gas company’s stock worth $83,000 after buying an additional 10,153 shares during the last quarter. Finally, Blue Trust Inc. boosted its holdings in Ultrapar Participações by 109.2% in the third quarter. Blue Trust Inc. now owns 33,124 shares of the oil and gas company’s stock worth $130,000 after purchasing an additional 17,291 shares during the last quarter. Institutional investors own 3.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. HSBC upgraded shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. The Goldman Sachs Group upgraded Ultrapar Participações from a “neutral” rating to a “buy” rating and cut their price target for the stock from $4.10 to $3.20 in a research note on Friday, January 31st. Scotiabank raised shares of Ultrapar Participações to a “hold” rating in a report on Friday, December 27th. JPMorgan Chase & Co. raised shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Finally, Hsbc Global Res raised Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a report on Friday, January 17th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $3.20.

Ultrapar Participações Stock Down 2.7 %

Shares of NYSE UGP opened at $2.86 on Thursday. Ultrapar Participações S.A. has a 12-month low of $2.53 and a 12-month high of $6.34. The stock’s fifty day simple moving average is $2.76 and its two-hundred day simple moving average is $3.45. The stock has a market capitalization of $3.19 billion, a PE ratio of 6.22, a price-to-earnings-growth ratio of 2.52 and a beta of 1.52. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76.

Ultrapar Participações 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.