Several other brokerages have also recently commented on UGP. The Goldman Sachs Group raised their target price on Ultrapar Participações from $4.00 to $4.60 and gave the stock a “neutral” rating in a research report on Monday. Jefferies Financial Group began coverage on shares of Ultrapar Participações in a report on Thursday, September 21st. They set an “underperform” rating and a $3.30 price objective for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $3.90.
Ultrapar Participações Price Performance
Hedge Funds Weigh In On Ultrapar Participações
Several hedge funds and other institutional investors have recently modified their holdings of UGP. Creative Planning increased its stake in shares of Ultrapar Participações by 20.6% in the 3rd quarter. Creative Planning now owns 12,770 shares of the oil and gas company’s stock valued at $47,000 after acquiring an additional 2,182 shares in the last quarter. Sei Investments Co. purchased a new stake in Ultrapar Participações during the third quarter valued at about $63,000. Schonfeld Strategic Advisors LLC purchased a new position in Ultrapar Participações in the 3rd quarter valued at approximately $86,000. Alpine Global Management LLC bought a new position in Ultrapar Participações in the 3rd quarter worth about $336,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Ultrapar Participações by 128.7% during the 3rd quarter. Tower Research Capital LLC TRC now owns 10,176 shares of the oil and gas company’s stock valued at $37,000 after purchasing an additional 5,727 shares in the last quarter. Institutional investors own 3.50% of the company’s stock.
Ultrapar Participações Company Profile
Ultrapar Participações SA operates in the energy and infrastructure business in in Brazil, Europe, Singapore, the United States, Canada, other Latin American countries, and internationally. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers; and renewable electricity and compressed natural gas.
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