Ultrapar Participações (NYSE:UGP) Sees Large Volume Increase – Here’s Why

Shares of Ultrapar Participações S.A. (NYSE:UGP) saw unusually-strong trading volume on Monday . Approximately 3,773,182 shares traded hands during trading, an increase of 158% from the previous session’s volume of 1,460,999 shares.The stock last traded at $2.97 and had previously closed at $2.95.

Analyst Ratings Changes

Separately, StockNews.com lowered Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Wednesday, November 13th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $5.20.

Ultrapar Participações Price Performance

The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76. The stock has a 50 day moving average of $3.56 and a 200-day moving average of $3.96. The stock has a market capitalization of $3.30 billion, a P/E ratio of 6.52, a price-to-earnings-growth ratio of 2.34 and a beta of 1.53.

Institutional Investors Weigh In On Ultrapar Participações

A number of institutional investors and hedge funds have recently bought and sold shares of UGP. Sequoia Financial Advisors LLC purchased a new position in shares of Ultrapar Participações in the 3rd quarter valued at $46,000. Freedom Investment Management Inc. purchased a new position in shares of Ultrapar Participações in the 3rd quarter valued at $48,000. Cutter & CO Brokerage Inc. purchased a new position in shares of Ultrapar Participações in the 2nd quarter valued at $57,000. D Orazio & Associates Inc. increased its holdings in shares of Ultrapar Participações by 30.3% in the 2nd quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after acquiring an additional 3,498 shares during the period. Finally, Blue Trust Inc. increased its holdings in shares of Ultrapar Participações by 567.5% in the 2nd quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock valued at $62,000 after acquiring an additional 13,461 shares during the period. 3.58% of the stock is owned by institutional investors.

Ultrapar Participações 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.