Ultrapar Participações S.A. (NYSE:UGP) Holdings Raised by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company raised its stake in shares of Ultrapar Participações S.A. (NYSE:UGP) by 6.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 251,203 shares of the oil and gas company’s stock after buying an additional 15,517 shares during the period. The Manufacturers Life Insurance Company’s holdings in Ultrapar Participações were worth $975,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in shares of Ultrapar Participações by 567.5% in the second quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 13,461 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Ultrapar Participações in the 2nd quarter worth approximately $5,887,000. Atomi Financial Group Inc. raised its holdings in shares of Ultrapar Participações by 13.7% in the 2nd quarter. Atomi Financial Group Inc. now owns 121,470 shares of the oil and gas company’s stock worth $475,000 after purchasing an additional 14,650 shares in the last quarter. Cutter & CO Brokerage Inc. bought a new stake in shares of Ultrapar Participações in the 2nd quarter worth approximately $57,000. Finally, Acadian Asset Management LLC lifted its stake in Ultrapar Participações by 8.4% during the second quarter. Acadian Asset Management LLC now owns 3,764,084 shares of the oil and gas company’s stock valued at $14,713,000 after purchasing an additional 293,036 shares during the last quarter. 3.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Five 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.com, the company has a consensus rating of “Hold” and a consensus price target of $5.20.

Ultrapar Participações Stock Down 6.1 %

Shares of NYSE:UGP opened at $2.93 on Friday. The firm has a 50 day simple moving average of $3.43 and a 200 day simple moving average of $3.89. Ultrapar Participações S.A. has a 52 week low of $2.80 and a 52 week high of $6.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. The company has a market cap of $3.27 billion, a PE ratio of 6.37, a price-to-earnings-growth ratio of 2.31 and a beta of 1.53.

Ultrapar Participações 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.