Northern Trust Corp Has $287,000 Stock Holdings in Ultrapar Participações S.A. (NYSE:UGP)

Northern Trust Corp lifted its stake in Ultrapar Participações S.A. (NYSE:UGP) by 41.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 109,267 shares of the oil and gas company’s stock after acquiring an additional 31,880 shares during the quarter. Northern Trust Corp’s holdings in Ultrapar Participações were worth $287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of UGP. Renaissance Technologies LLC increased its position in Ultrapar Participações by 74.3% during the fourth quarter. Renaissance Technologies LLC now owns 3,513,800 shares of the oil and gas company’s stock worth $9,241,000 after buying an additional 1,497,300 shares during the last quarter. Marshall Wace LLP increased its position in Ultrapar Participações by 18.7% during the fourth quarter. Marshall Wace LLP now owns 2,821,125 shares of the oil and gas company’s stock worth $7,420,000 after buying an additional 444,724 shares during the last quarter. American Century Companies Inc. increased its position in Ultrapar Participações by 6.5% during the fourth quarter. American Century Companies Inc. now owns 1,776,107 shares of the oil and gas company’s stock worth $4,671,000 after buying an additional 108,213 shares during the last quarter. JPMorgan Chase & Co. increased its position in Ultrapar Participações by 763.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,374,747 shares of the oil and gas company’s stock worth $3,616,000 after buying an additional 1,215,605 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in Ultrapar Participações by 162.2% during the fourth quarter. Wellington Management Group LLP now owns 599,642 shares of the oil and gas company’s stock worth $1,577,000 after buying an additional 370,960 shares during the last quarter. 3.58% of the stock is owned by institutional investors and hedge funds.

Ultrapar Participações Stock Down 4.4%

UGP stock opened at $2.84 on Monday. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11. Ultrapar Participações S.A. has a 52-week low of $2.53 and a 52-week high of $4.51. The company has a 50-day moving average of $3.01 and a two-hundred day moving average of $2.92. The stock has a market capitalization of $3.17 billion, a price-to-earnings ratio of 6.17, a price-to-earnings-growth ratio of 2.39 and a beta of 1.13.

Wall Street Analyst Weigh In

Separately, Wall Street Zen downgraded shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Saturday, May 17th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Ultrapar Participações has a consensus rating of “Moderate Buy” and a consensus price target of $3.20.

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.