Franklin Resources Inc. Has $510,000 Stake in Ultrapar Participacoes SA (UGP)

Franklin Resources Inc. cut its position in shares of Ultrapar Participacoes SA (NYSE:UGP) by 2.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,578 shares of the oil and gas company’s stock after selling 730 shares during the period. Franklin Resources Inc.’s holdings in Ultrapar Participacoes SA were worth $510,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UGP. Aberdeen Asset Management PLC UK increased its stake in Ultrapar Participacoes SA by 116.0% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 3,939,817 shares of the oil and gas company’s stock worth $81,711,000 after buying an additional 2,115,819 shares during the last quarter. Ruffer LLP bought a new stake in Ultrapar Participacoes SA during the fourth quarter worth $10,288,000. Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new stake in Ultrapar Participacoes SA during the third quarter worth $966,000. Advisors Asset Management Inc. increased its stake in Ultrapar Participacoes SA by 42.5% in the third quarter. Advisors Asset Management Inc. now owns 139,471 shares of the oil and gas company’s stock worth $3,053,000 after buying an additional 41,574 shares during the last quarter. Finally, SG Americas Securities LLC increased its stake in Ultrapar Participacoes SA by 120.6% in the third quarter. SG Americas Securities LLC now owns 72,296 shares of the oil and gas company’s stock worth $1,583,000 after buying an additional 39,529 shares during the last quarter. 3.14% of the stock is currently owned by hedge funds and other institutional investors.

Institutional Ownership by Quarter for Ultrapar Participacoes SA (NYSE:UGP)

Shares of Ultrapar Participacoes SA (NYSE:UGP) traded down 0.23% during mid-day trading on Friday, hitting $22.12. The company had a trading volume of 347,105 shares. The company has a market capitalization of $12.02 billion, a PE ratio of 24.31 and a beta of 1.26. Ultrapar Participacoes SA has a one year low of $18.38 and a one year high of $24.50. The company’s 50-day moving average is $22.13 and its 200 day moving average is $21.37.

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A number of analysts have recently weighed in on the company. Citigroup Inc downgraded Ultrapar Participacoes SA from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 11th. Zacks Investment Research downgraded Ultrapar Participacoes SA from a “buy” rating to a “hold” rating in a research report on Wednesday, February 15th.

About Ultrapar Participacoes SA

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