Acadian Asset Management LLC Decreases Stake in Ultrapar Participacoes S.A. $UGP

Acadian Asset Management LLC decreased its holdings in Ultrapar Participacoes S.A. (NYSE:UGP) by 17.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,139,033 shares of the oil and gas company’s stock after selling 248,420 shares during the quarter. Acadian Asset Management LLC owned about 0.10% of Ultrapar Participacoes worth $3,736,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. CWM LLC increased its holdings in shares of Ultrapar Participacoes by 55.6% in the 1st quarter. CWM LLC now owns 9,463 shares of the oil and gas company’s stock valued at $29,000 after purchasing an additional 3,380 shares in the last quarter. Blue Trust Inc. increased its holdings in Ultrapar Participacoes by 27.6% in the second quarter. Blue Trust Inc. now owns 16,425 shares of the oil and gas company’s stock valued at $54,000 after buying an additional 3,554 shares in the last quarter. PDS Planning Inc lifted its position in shares of Ultrapar Participacoes by 23.0% during the 2nd quarter. PDS Planning Inc now owns 32,111 shares of the oil and gas company’s stock valued at $105,000 after acquiring an additional 6,002 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of Ultrapar Participacoes by 12.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 59,097 shares of the oil and gas company’s stock valued at $194,000 after acquiring an additional 6,702 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Ultrapar Participacoes by 10.9% during the 1st quarter. AQR Capital Management LLC now owns 70,838 shares of the oil and gas company’s stock worth $218,000 after acquiring an additional 6,947 shares in the last quarter. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

Ultrapar Participacoes Trading Up 2.1%

Shares of UGP stock opened at $4.18 on Friday. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 9.28, a PEG ratio of 2.03 and a beta of 1.08. The company has a current ratio of 1.82, a quick ratio of 1.38 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $3.95 and a 200 day moving average price of $3.42. Ultrapar Participacoes S.A. has a twelve month low of $2.53 and a twelve month high of $4.39.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Wall Street Zen raised Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a report on Friday, August 22nd. Scotiabank raised Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 28th. Zacks Research upgraded shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. The Goldman Sachs Group increased their price objective on shares of Ultrapar Participacoes from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Friday, September 26th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Ultrapar Participacoes in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $4.50.

Ultrapar Participacoes 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.