Banco BTG Pactual S.A. Buys Shares of 697,900 Ultrapar Participacoes S.A. $UGP

Banco BTG Pactual S.A. bought a new stake in Ultrapar Participacoes S.A. (NYSE:UGP) during the 4th quarter, Holdings Channel reports. The fund bought 697,900 shares of the oil and gas company’s stock, valued at approximately $2,631,000.

Several other hedge funds have also recently added to or reduced their stakes in UGP. AQR Capital Management LLC lifted its stake in Ultrapar Participacoes by 10.9% in the first quarter. AQR Capital Management LLC now owns 70,838 shares of the oil and gas company’s stock valued at $218,000 after buying an additional 6,947 shares during the period. JPMorgan Chase & Co. lifted its stake in Ultrapar Participacoes by 75.2% in the second quarter. JPMorgan Chase & Co. now owns 1,878,904 shares of the oil and gas company’s stock valued at $6,163,000 after buying an additional 806,463 shares during the period. Franklin Resources Inc. lifted its stake in Ultrapar Participacoes by 100.8% in the second quarter. Franklin Resources Inc. now owns 22,832 shares of the oil and gas company’s stock valued at $75,000 after buying an additional 11,461 shares during the period. Invesco Ltd. lifted its stake in Ultrapar Participacoes by 80.9% in the second quarter. Invesco Ltd. now owns 177,847 shares of the oil and gas company’s stock valued at $583,000 after buying an additional 79,524 shares during the period. Finally, Sei Investments Co. lifted its stake in Ultrapar Participacoes by 26.6% in the second quarter. Sei Investments Co. now owns 66,997 shares of the oil and gas company’s stock valued at $220,000 after buying an additional 14,060 shares during the period. Institutional investors and hedge funds own 3.58% of the company’s stock.

Ultrapar Participacoes Stock Up 1.1%

Shares of Ultrapar Participacoes stock opened at $4.91 on Friday. Ultrapar Participacoes S.A. has a 1 year low of $2.80 and a 1 year high of $6.20. The business has a 50-day moving average of $5.64 and a two-hundred day moving average of $4.93. The company has a market capitalization of $5.47 billion, a P/E ratio of 9.81, a price-to-earnings-growth ratio of 0.96 and a beta of 0.71. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.67 and a quick ratio of 1.30.

Ultrapar Participacoes (NYSE:UGP) last announced its quarterly earnings results on Saturday, February 14th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. Ultrapar Participacoes had a return on equity of 16.54% and a net margin of 2.04%.The company had revenue of $6.19 billion during the quarter. As a group, equities analysts predict that Ultrapar Participacoes S.A. will post 0.55 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Wall Street Zen raised Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. HSBC downgraded Ultrapar Participacoes from a “buy” rating to a “hold” rating and increased their price target for the stock from $4.90 to $6.00 in a report on Wednesday, April 8th. UBS Group initiated coverage on Ultrapar Participacoes in a report on Tuesday, April 28th. They issued a “buy” rating and a $7.00 price target for the company. Jefferies Financial Group upgraded Ultrapar Participacoes from an “underperform” rating to a “hold” rating and increased their price target for the stock from $3.10 to $5.60 in a report on Friday, March 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Ultrapar Participacoes in a report on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.00.

Ultrapar Participacoes Company 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.