Assetmark Inc. Buys New Position in Ultrapar Participações S.A. (NYSE:UGP)

Assetmark Inc. bought a new stake in shares of Ultrapar Participações S.A. (NYSE:UGPFree Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 8,481 shares of the oil and gas company’s stock, valued at approximately $46,000.

Several other large investors have also bought and sold shares of the company. American Century Companies Inc. boosted its position in shares of Ultrapar Participações by 8.2% in the 3rd quarter. American Century Companies Inc. now owns 1,382,989 shares of the oil and gas company’s stock valued at $5,076,000 after purchasing an additional 104,754 shares during the period. Hsbc Holdings PLC boosted its position in shares of Ultrapar Participações by 13.2% in the 3rd quarter. Hsbc Holdings PLC now owns 498,079 shares of the oil and gas company’s stock valued at $1,828,000 after purchasing an additional 57,915 shares during the period. Natixis Advisors L.P. acquired a new position in shares of Ultrapar Participações in the 4th quarter valued at $1,169,000. Ritholtz Wealth Management boosted its position in shares of Ultrapar Participações by 453.0% in the 4th quarter. Ritholtz Wealth Management now owns 108,623 shares of the oil and gas company’s stock valued at $589,000 after purchasing an additional 88,980 shares during the period. Finally, Capital Wealth Planning LLC acquired a new position in shares of Ultrapar Participações in the 4th quarter valued at $557,000. Institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Trading Down 3.5 %

Shares of NYSE UGP opened at $4.43 on Friday. Ultrapar Participações S.A. has a one year low of $3.24 and a one year high of $6.34. The firm has a market capitalization of $4.94 billion, a PE ratio of 9.23, a PEG ratio of 1.29 and a beta of 1.63. The company has a current ratio of 1.68, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The business has a 50-day moving average price of $5.14 and a two-hundred day moving average price of $5.42.

Ultrapar Participações (NYSE:UGPGet Free Report) last announced its quarterly earnings data on Wednesday, February 28th. The oil and gas company reported $0.20 EPS for the quarter. Ultrapar Participações had a return on equity of 19.30% and a net margin of 2.07%. The firm had revenue of $6.75 billion during the quarter. As a group, analysts predict that Ultrapar Participações S.A. will post 0.32 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UGP has been the subject of a number of recent analyst reports. Itau BBA Securities lowered Ultrapar Participações from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group increased their price target on Ultrapar Participações from $5.30 to $6.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Finally, StockNews.com lowered Ultrapar Participações from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $4.37.

View Our Latest Stock Report on Ultrapar Participações

About Ultrapar Participações

(Free Report)

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.

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Institutional Ownership by Quarter for Ultrapar Participações (NYSE:UGP)

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