US Bancorp DE Has $765,000 Stock Holdings in Ultrapar Participações S.A. (NYSE:UGP)

US Bancorp DE lessened its holdings in shares of Ultrapar Participações S.A. (NYSE:UGP) by 23.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 197,182 shares of the oil and gas company’s stock after selling 59,700 shares during the quarter. US Bancorp DE’s holdings in Ultrapar Participações were worth $765,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in UGP. D Orazio & Associates Inc. grew its holdings in shares of Ultrapar Participações by 30.3% in the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after acquiring an additional 3,498 shares in the last quarter. BNP Paribas Financial Markets raised its stake in Ultrapar Participações by 36.1% in the first quarter. BNP Paribas Financial Markets now owns 17,923 shares of the oil and gas company’s stock valued at $103,000 after purchasing an additional 4,757 shares in the last quarter. Signaturefd LLC raised its position in Ultrapar Participações by 67.9% during the third quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock valued at $62,000 after purchasing an additional 6,476 shares in the last quarter. Mount Yale Investment Advisors LLC lifted its holdings in shares of Ultrapar Participações by 7.1% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 115,775 shares of the oil and gas company’s stock worth $662,000 after acquiring an additional 7,638 shares during the last quarter. Finally, Inspire Advisors LLC increased its holdings in shares of Ultrapar Participações by 33.7% in the third quarter. Inspire Advisors LLC now owns 38,838 shares of the oil and gas company’s stock worth $151,000 after buying an additional 9,794 shares during the period. Institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Stock Down 1.9 %

NYSE UGP opened at $3.61 on Friday. The company has a quick ratio of 1.16, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. Ultrapar Participações S.A. has a 52 week low of $3.48 and a 52 week high of $6.34. The company has a market capitalization of $4.03 billion, a P/E ratio of 6.94, a price-to-earnings-growth ratio of 3.00 and a beta of 1.61. The stock’s 50-day moving average price is $3.85 and its 200-day moving average price is $4.18.

Ultrapar Participações (NYSE:UGP) last announced its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. The company had revenue of $6.21 billion for the quarter. On average, equities research analysts predict that Ultrapar Participações S.A. will post 0.32 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. StockNews.com cut Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. The Goldman Sachs Group reduced their target price on Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating for the company in a report on Tuesday, July 23rd. Hsbc Global Res upgraded shares of Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research note on Friday, July 19th. Finally, HSBC upgraded Ultrapar Participações from a “reduce” rating to a “hold” rating in a research note on Friday, July 19th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Ultrapar Participações presently has an average rating of “Hold” and a consensus target price of $5.20.

Ultrapar Participações Company 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.