Raiffeisen Bank International AG Boosts Stake in Ultrapar Participacoes S.A. $UGP

Raiffeisen Bank International AG increased its stake in Ultrapar Participacoes S.A. (NYSE:UGP) by 30.4% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 537,128 shares of the oil and gas company’s stock after acquiring an additional 125,129 shares during the period. Raiffeisen Bank International AG’s holdings in Ultrapar Participacoes were worth $2,191,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. raised its holdings in shares of Ultrapar Participacoes by 42.4% during the 2nd quarter. American Century Companies Inc. now owns 2,695,322 shares of the oil and gas company’s stock valued at $8,841,000 after buying an additional 803,065 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Ultrapar Participacoes by 1,248.8% in the second quarter. Quadrant Capital Group LLC now owns 497,253 shares of the oil and gas company’s stock worth $1,631,000 after buying an additional 460,388 shares in the last quarter. Longfellow Investment Management Co. LLC grew its position in Ultrapar Participacoes by 39.6% during the second quarter. Longfellow Investment Management Co. LLC now owns 616,345 shares of the oil and gas company’s stock valued at $2,022,000 after acquiring an additional 174,818 shares during the last quarter. Ethic Inc. raised its stake in shares of Ultrapar Participacoes by 42.7% during the second quarter. Ethic Inc. now owns 32,797 shares of the oil and gas company’s stock worth $102,000 after acquiring an additional 9,815 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Ultrapar Participacoes by 119.4% during the second quarter. SG Americas Securities LLC now owns 285,874 shares of the oil and gas company’s stock worth $938,000 after acquiring an additional 155,591 shares in the last quarter. Institutional investors own 3.58% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on UGP shares. Weiss Ratings cut shares of Ultrapar Participacoes from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 10th. The Goldman Sachs Group downgraded shares of Ultrapar Participacoes from a “buy” rating to a “neutral” rating and set a $5.40 price target for the company. in a research note on Thursday, February 5th. Two investment analysts have rated the stock with a Strong Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $5.40.

Ultrapar Participacoes Stock Up 2.4%

Shares of Ultrapar Participacoes stock opened at $5.36 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.40 and a current ratio of 1.83. Ultrapar Participacoes S.A. has a 52-week low of $2.64 and a 52-week high of $5.37. The company’s 50 day moving average price is $4.36 and its 200-day moving average price is $4.02. The stock has a market capitalization of $5.97 billion, a price-to-earnings ratio of 11.39, a P/E/G ratio of 1.75 and a beta of 0.84.

Ultrapar Participacoes Announces Dividend

The company also recently announced a special dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were issued a dividend of $0.1876 per share. The ex-dividend date was Friday, December 12th. Ultrapar Participacoes’s dividend payout ratio is currently 59.57%.

About Ultrapar Participacoes

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.