Ultrapar Participações S.A. (NYSE:UGP) Position Decreased by Navellier & Associates Inc.

Navellier & Associates Inc. lowered its holdings in Ultrapar Participações S.A. (NYSE:UGP) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,819 shares of the oil and gas company’s stock after selling 6,365 shares during the period. Navellier & Associates Inc.’s holdings in Ultrapar Participações were worth $515,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hennessy Advisors Inc. acquired a new position in Ultrapar Participações in the second quarter worth approximately $5,887,000. Marshall Wace LLP grew its holdings in shares of Ultrapar Participações by 332.6% in the 2nd quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock worth $5,591,000 after acquiring an additional 1,099,433 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Ultrapar Participações by 57.9% during the second quarter. Renaissance Technologies LLC now owns 2,450,300 shares of the oil and gas company’s stock worth $9,581,000 after purchasing an additional 898,600 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Ultrapar Participações by 8.4% during the second quarter. Acadian Asset Management LLC now owns 3,764,084 shares of the oil and gas company’s stock valued at $14,713,000 after purchasing an additional 293,036 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its position in shares of Ultrapar Participações by 60.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 356,835 shares of the oil and gas company’s stock valued at $2,041,000 after purchasing an additional 133,791 shares during the period. 3.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Ultrapar Participações Trading Down 2.8 %

NYSE UGP opened at $3.15 on Friday. The firm’s 50 day moving average price is $3.73 and its two-hundred day moving average price is $4.09. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. Ultrapar Participações S.A. has a twelve month low of $3.12 and a twelve month high of $6.34. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 6.83, a PEG ratio of 2.53 and a beta of 1.61.

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.