Bank of Montreal Can increased its holdings in Ultrapar Participacoes SA (NYSE:UGP) by 285,436.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 108,504 shares of the oil and gas company’s stock after acquiring an additional 108,466 shares during the period. Bank of Montreal Can’s holdings in Ultrapar Participacoes were worth $1,469,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in UGP. Morgan Stanley grew its holdings in shares of Ultrapar Participacoes by 49.9% in the third quarter. Morgan Stanley now owns 1,118,871 shares of the oil and gas company’s stock valued at $10,360,000 after acquiring an additional 372,429 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Ultrapar Participacoes by 8.3% in the third quarter. Renaissance Technologies LLC now owns 3,579,915 shares of the oil and gas company’s stock valued at $33,150,000 after acquiring an additional 274,615 shares in the last quarter. Citadel Advisors LLC bought a new position in shares of Ultrapar Participacoes in the third quarter valued at approximately $999,000. Marshall Wace North America L.P. bought a new position in shares of Ultrapar Participacoes in the third quarter valued at approximately $442,000. Finally, Flossbach Von Storch AG grew its holdings in shares of Ultrapar Participacoes by 57.1% in the third quarter. Flossbach Von Storch AG now owns 110,000 shares of the oil and gas company’s stock valued at $1,019,000 after acquiring an additional 40,000 shares in the last quarter. 4.56% of the stock is owned by institutional investors.
Several equities analysts have recently issued reports on the company. ValuEngine lowered Ultrapar Participacoes from a “hold” rating to a “sell” rating in a report on Thursday, February 7th. Zacks Investment Research raised Ultrapar Participacoes from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $18.00.
Shares of NYSE UGP opened at $14.62 on Thursday. Ultrapar Participacoes SA has a 1-year low of $8.86 and a 1-year high of $24.63. The firm has a market cap of $7.98 billion, a price-to-earnings 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.
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Ultrapar Participacoes Company 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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