Pendal Group Ltd purchased a new stake in Ultrapar Participacoes SA (NYSE:UGP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 871,496 shares of the oil and gas company’s stock, valued at approximately $11,163,000. Pendal Group Ltd owned 0.16% of Ultrapar Participacoes as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in the stock. Federated Investors Inc. PA acquired a new stake in Ultrapar Participacoes during the 3rd quarter worth about $40,000. Quadrant Capital Group LLC boosted its position in Ultrapar Participacoes by 711.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,867 shares of the oil and gas company’s stock worth $77,000 after acquiring an additional 5,144 shares during the period. Wetherby Asset Management Inc. acquired a new stake in Ultrapar Participacoes during the 3rd quarter worth about $120,000. CIBC World Markets Inc. acquired a new stake in Ultrapar Participacoes during the 3rd quarter worth about $134,000. Finally, Greenleaf Trust acquired a new stake in Ultrapar Participacoes during the 3rd quarter worth about $174,000. Institutional investors and hedge funds own 4.56% of the company’s stock.
UGP has been the subject of a number of research reports. Zacks Investment Research upgraded Ultrapar Participacoes from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Saturday, February 2nd. ValuEngine upgraded Ultrapar Participacoes from a “sell” rating to a “hold” rating in a research report on Friday, January 4th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Ultrapar Participacoes presently has an average rating of “Hold” and an average price target of $18.00.
Shares of Ultrapar Participacoes stock opened at $14.62 on Thursday. The stock has a market cap of $7.98 billion, a PE ratio of 16.07 and a beta of 0.38. The company has a debt-to-equity ratio of 1.25, a current ratio of 2.35 and a quick ratio of 1.88. Ultrapar Participacoes SA has a 52-week low of $8.86 and a 52-week high of $24.63.
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Ultrapar Participacoes Profile
Ultrapar Participações SA engages in gas distribution, fuel distribution, chemicals, storage, and drugstores businesses in Brazil, Mexico, United Stated, Uruguay, and Venezuela. The company's Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers, as well as independent dealers, primarily in the South, Southeast, and Northeast regions of Brazil.
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