Ultrapar Participações (NYSE:UGP) Reaches New 1-Year Low – Here’s What Happened

Ultrapar Participações S.A. (NYSE:UGP)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $3.14 and last traded at $3.14, with a volume of 7289 shares traded. The stock had previously closed at $3.24.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research 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 company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.20.

Ultrapar Participações Trading Down 2.5 %

The company’s 50 day moving average price is $3.73 and its 200 day moving average price is $4.09. 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 market cap of $3.52 billion, a PE ratio of 7.04, a price-to-earnings-growth ratio of 2.53 and a beta of 1.61.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC purchased a new position in Ultrapar Participações in the third quarter worth approximately $46,000. Freedom Investment Management Inc. purchased a new stake in shares of Ultrapar Participações during the 3rd quarter worth approximately $48,000. Cutter & CO Brokerage Inc. purchased a new stake in shares of Ultrapar Participações during the 2nd quarter worth approximately $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 worth $59,000 after buying an additional 3,498 shares during 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 worth $62,000 after buying an additional 13,461 shares during the last quarter. Hedge funds and other 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.