Ultrapar Participações (NYSE:UGP) Shares Gap Down – What’s Next?

Ultrapar Participações S.A. (NYSE:UGP)’s share price gapped down prior to trading on Friday . The stock had previously closed at $3.06, but opened at $2.80. Ultrapar Participações shares last traded at $2.88, with a volume of 500,987 shares changing hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Ultrapar Participações from a “buy” rating to a “hold” rating in a research report on Wednesday, November 13th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Ultrapar Participações currently has an average rating of “Hold” and an average price target of $5.20.

Ultrapar Participações Price Performance

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 stock has a market capitalization of $3.31 billion, a PE ratio of 6.65, a price-to-earnings-growth ratio of 2.41 and a beta of 1.61. The stock’s 50 day moving average is $3.61 and its two-hundred day moving average is $4.01.

Institutional Trading of Ultrapar Participações

Institutional investors have recently made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in Ultrapar Participações in the 3rd quarter valued at about $46,000. Freedom Investment Management Inc. purchased a new stake in shares of Ultrapar Participações in the third quarter valued at approximately $48,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of Ultrapar Participações in the second quarter valued at approximately $57,000. D Orazio & Associates Inc. lifted its position in Ultrapar Participações by 30.3% during the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock worth $59,000 after buying an additional 3,498 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Ultrapar Participações by 567.5% during the second quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock worth $62,000 after buying an additional 13,461 shares during the last quarter. 3.58% of the stock is owned by institutional investors and hedge funds.

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.