UBS Group AG lessened its stake in Ultrapar Participacoes S.A. (NYSE:UGP – Free Report) by 35.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,876,765 shares of the oil and gas company’s stock after selling 1,013,268 shares during the period. UBS Group AG owned 0.17% of Ultrapar Participacoes worth $7,075,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda increased its stake in Ultrapar Participacoes by 350.7% in the 4th quarter. Kapitalo Investimentos Ltda now owns 874,882 shares of the oil and gas company’s stock worth $3,298,000 after buying an additional 680,782 shares during the period. PFG Investments LLC purchased a new position in Ultrapar Participacoes in the 4th quarter worth about $61,000. Robeco Institutional Asset Management B.V. purchased a new position in Ultrapar Participacoes during the 4th quarter valued at about $73,000. Signaturefd LLC increased its position in Ultrapar Participacoes by 17.7% during the 4th quarter. Signaturefd LLC now owns 33,774 shares of the oil and gas company’s stock valued at $127,000 after purchasing an additional 5,082 shares during the period. Finally, Hennion & Walsh Asset Management Inc. purchased a new position in Ultrapar Participacoes during the 4th quarter valued at about $58,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on UGP shares. UBS Group started coverage on shares of Ultrapar Participacoes in a research report on Tuesday, April 28th. They set a “buy” rating and a $7.00 target price on the stock. Jefferies Financial Group raised shares of Ultrapar Participacoes from an “underperform” rating to a “hold” rating and raised their target price for the company from $3.10 to $5.60 in a research report on Friday, March 13th. Weiss Ratings downgraded shares of Ultrapar Participacoes from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. The Goldman Sachs Group downgraded shares of Ultrapar Participacoes from a “buy” rating to a “neutral” rating and set a $5.40 target price on the stock. in a research report on Thursday, February 5th. Finally, HSBC downgraded shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating and raised their target price for the company from $4.90 to $6.00 in a research report on Wednesday, April 8th. Two equities research analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Ultrapar Participacoes presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.00.
Ultrapar Participacoes Stock Down 3.5%
NYSE:UGP opened at $5.63 on Wednesday. Ultrapar Participacoes S.A. has a fifty-two week low of $2.80 and a fifty-two week high of $6.20. The stock has a market capitalization of $6.27 billion, a P/E ratio of 11.25, a P/E/G ratio of 1.09 and a beta of 0.77. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.30 and a current ratio of 1.67. The company’s 50-day simple moving average is $5.62 and its 200-day simple moving average is $4.79.
Ultrapar Participacoes (NYSE:UGP – Get Free Report) last released its quarterly earnings results on Saturday, February 14th. The oil and gas company reported $0.05 earnings per share for the quarter. Ultrapar Participacoes had a net margin of 2.04% and a return on equity of 16.54%. The business had revenue of $6.19 billion for the quarter. On average, equities analysts anticipate that Ultrapar Participacoes S.A. will post 0.58 earnings per share for the current fiscal year.
Ultrapar Participacoes Profile
Ultrapar Participações SA is a Brazilian diversified holding company operating in the downstream energy and chemical sectors. Its Ipiranga unit runs one of Brazil’s largest networks of fuel stations, supplying gasoline, ethanol, diesel and convenience-store products to retail and wholesale customers. Through Ultragaz, the company is a leading distributor of liquefied petroleum gas (LPG), offering cylinder and bulk gas solutions for residential, commercial and industrial use across urban and rural regions.
In the specialty chemicals arena, Ultrapar controls Oxiteno, which produces surfactants and specialty chemical formulations for industries such as personal care, oil and gas, agrochemicals and coatings.
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