Ultrapar Participações (NYSE:UGP) Shares Gap Up – Should You Buy?

Shares of Ultrapar Participações S.A. (NYSE:UGP) gapped up before the market opened on Tuesday . The stock had previously closed at $2.88, but opened at $2.97. Ultrapar Participações shares last traded at $2.95, with a volume of 31,960 shares.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. upgraded shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Scotiabank raised Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th. Hsbc Global Res upgraded shares of Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a report on Friday, January 17th. StockNews.com lowered shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, The Goldman Sachs Group raised shares of Ultrapar Participações from a “neutral” rating to a “buy” rating and dropped their target price for the stock from $4.10 to $3.20 in a research report on Friday, January 31st. Three 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 stock. According to data from MarketBeat, Ultrapar Participações has an average rating of “Moderate Buy” and an average target price of $3.20.

Ultrapar Participações Stock Down 2.7 %

The company has a 50-day moving average of $2.76 and a two-hundred day moving average of $3.45. The company has a market capitalization of $3.19 billion, a P/E ratio of 6.22, a price-to-earnings-growth ratio of 2.52 and a beta of 1.52. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of UGP. Signaturefd LLC increased its stake in shares of Ultrapar Participações by 23.0% during the fourth quarter. Signaturefd LLC now owns 19,705 shares of the oil and gas company’s stock valued at $52,000 after purchasing an additional 3,688 shares in the last quarter. QRG Capital Management Inc. grew its stake in shares of Ultrapar Participações by 38.1% in the 4th quarter. QRG Capital Management Inc. now owns 20,609 shares of the oil and gas company’s stock worth $54,000 after buying an additional 5,687 shares during the last quarter. Aigen Investment Management LP increased its position in Ultrapar Participações by 19.4% during the 3rd quarter. Aigen Investment Management LP now owns 38,120 shares of the oil and gas company’s stock valued at $148,000 after buying an additional 6,205 shares in the last quarter. Sei Investments Co. raised its stake in Ultrapar Participações by 27.9% during the fourth quarter. Sei Investments Co. now owns 31,534 shares of the oil and gas company’s stock valued at $83,000 after buying an additional 6,882 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its holdings in Ultrapar Participações by 49.6% in the fourth quarter. Quadrant Capital Group LLC now owns 27,813 shares of the oil and gas company’s stock worth $73,000 after acquiring an additional 9,220 shares in the last quarter. 3.58% of the stock is owned by hedge funds and other institutional investors.

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.