Creative Planning Buys 17,430 Shares of Ultrapar Participações S.A. (NYSE:UGP)

Creative Planning lifted its stake in shares of Ultrapar Participações S.A. (NYSE:UGP) by 45.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 55,980 shares of the oil and gas company’s stock after purchasing an additional 17,430 shares during the quarter. Creative Planning’s holdings in Ultrapar Participações were worth $217,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Acadian Asset Management LLC grew its stake in shares of Ultrapar Participações by 175.6% during the first quarter. Acadian Asset Management LLC now owns 3,471,048 shares of the oil and gas company’s stock worth $19,850,000 after buying an additional 2,211,696 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in shares of Ultrapar Participações during the 2nd quarter valued at $5,887,000. Marshall Wace LLP grew its position in Ultrapar Participações by 332.6% during the 2nd quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock worth $5,591,000 after acquiring an additional 1,099,433 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Ultrapar Participações by 57.9% in the 2nd quarter. Renaissance Technologies LLC now owns 2,450,300 shares of the oil and gas company’s stock worth $9,581,000 after purchasing an additional 898,600 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its holdings in Ultrapar Participações by 60.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 356,835 shares of the oil and gas company’s stock worth $2,041,000 after purchasing an additional 133,791 shares in the last quarter. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Ultrapar Participações Price Performance

Shares of NYSE UGP opened at $3.61 on Monday. The firm has a market capitalization of $4.03 billion, a P/E ratio of 6.94, a P/E/G ratio of 2.84 and a beta of 1.61. The firm’s 50-day moving average price is $3.85 and its 200-day moving average price is $4.18. The company has a current ratio of 1.55, a quick ratio of 1.16 and a debt-to-equity ratio of 0.77. Ultrapar Participações S.A. has a 1-year low of $3.48 and a 1-year high of $6.34.

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.