Aigen Investment Management LP Acquires 6,205 Shares of Ultrapar Participações S.A. (NYSE:UGP)

Aigen Investment Management LP lifted its holdings in Ultrapar Participações S.A. (NYSE:UGP) by 19.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,120 shares of the oil and gas company’s stock after purchasing an additional 6,205 shares during the period. Aigen Investment Management LP’s holdings in Ultrapar Participações were worth $148,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Hennessy Advisors Inc. bought a new stake in Ultrapar Participações during the 2nd quarter worth approximately $5,887,000. Marshall Wace LLP raised its stake in Ultrapar Participações by 332.6% during 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 period. Renaissance Technologies LLC raised its stake in Ultrapar Participações by 57.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,450,300 shares of the oil and gas company’s stock worth $9,581,000 after acquiring an additional 898,600 shares during the period. Acadian Asset Management LLC raised its stake in Ultrapar Participações by 8.4% during the 2nd quarter. Acadian Asset Management LLC now owns 3,764,084 shares of the oil and gas company’s stock worth $14,713,000 after acquiring an additional 293,036 shares during the period. Finally, O Shaughnessy Asset Management LLC raised its stake in Ultrapar Participações by 60.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 356,835 shares of the oil and gas company’s stock worth $2,041,000 after acquiring an additional 133,791 shares during the period. Institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Trading Up 0.9 %

UGP stock opened at $3.40 on Monday. The firm has a fifty day moving average price of $3.79 and a 200 day moving average price of $4.12. Ultrapar Participações S.A. has a fifty-two week low of $3.36 and a fifty-two week high of $6.34. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.16 and a current ratio of 1.55. The firm has a market cap of $3.79 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 2.68 and a beta of 1.61.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. StockNews.com lowered shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. The Goldman Sachs Group cut their price objective on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating for the company in a report on Tuesday, July 23rd. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $5.20.

Ultrapar Participações 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.