Advisors Asset Management Inc. Purchases 56,142 Shares of Ultrapar Participações S.A. (NYSE:UGP)

Advisors Asset Management Inc. boosted its position in shares of Ultrapar Participações S.A. (NYSE:UGP) by 71.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 134,363 shares of the oil and gas company’s stock after acquiring an additional 56,142 shares during the period. Advisors Asset Management Inc.’s holdings in Ultrapar Participações were worth $521,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D Orazio & Associates Inc. raised its position in shares of Ultrapar Participações by 30.3% during the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after buying an additional 3,498 shares during the last quarter. Aigen Investment Management LP raised its position in shares of Ultrapar Participações by 19.4% during the third 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 during the last quarter. Signaturefd LLC raised its position in shares of Ultrapar Participações by 67.9% during the third quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 6,476 shares during the last quarter. Inspire Advisors LLC raised its position in shares of Ultrapar Participações by 33.7% during the third quarter. Inspire Advisors LLC now owns 38,838 shares of the oil and gas company’s stock valued at $151,000 after buying an additional 9,794 shares during the last quarter. Finally, Metis Global Partners LLC raised its position in shares of Ultrapar Participações by 33.5% during the third quarter. Metis Global Partners LLC now owns 40,340 shares of the oil and gas company’s stock valued at $157,000 after buying an additional 10,119 shares during the last quarter. Institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Trading Down 6.1 %

UGP stock opened at $3.06 on Thursday. The firm has a fifty day moving average price of $3.65 and a 200 day moving average price of $4.03. Ultrapar Participações S.A. has a fifty-two week low of $3.04 and a fifty-two week high of $6.34. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. The firm has a market cap of $3.41 billion, a PE ratio of 6.65, a price-to-earnings-growth ratio of 2.50 and a beta of 1.61.

Wall Street Analyst Weigh In

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

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.