Ultrapar Participacoes S.A. $UGP Position Lowered by Naman Capital Ltda

Naman Capital Ltda lessened its stake in shares of Ultrapar Participacoes S.A. (NYSE:UGP) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,687,979 shares of the oil and gas company’s stock after selling 392,020 shares during the quarter. Ultrapar Participacoes comprises about 14.5% of Naman Capital Ltda’s investment portfolio, making the stock its 3rd biggest holding. Naman Capital Ltda owned 1.23% of Ultrapar Participacoes worth $51,604,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in UGP. Caitong International Asset Management Co. Ltd bought a new stake in shares of Ultrapar Participacoes during the 4th quarter valued at about $32,000. SG Americas Securities LLC purchased a new position in shares of Ultrapar Participacoes in the fourth quarter worth approximately $44,000. GeoWealth Management LLC purchased a new position in shares of Ultrapar Participacoes in the fourth quarter worth approximately $44,000. EP Wealth Advisors LLC bought a new stake in Ultrapar Participacoes during the fourth quarter valued at approximately $45,000. Finally, Boothbay Fund Management LLC purchased a new stake in Ultrapar Participacoes during the fourth quarter valued at approximately $47,000. 3.58% of the stock is currently owned by institutional investors.

Ultrapar Participacoes Stock Performance

UGP opened at $4.80 on Friday. The stock has a market capitalization of $5.35 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.93 and a beta of 0.71. The company has a fifty day moving average of $5.55 and a 200 day moving average of $4.95. Ultrapar Participacoes S.A. has a fifty-two week low of $2.80 and a fifty-two week high of $6.20. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.30 and a current ratio of 1.67.

Ultrapar Participacoes (NYSE:UGP) last posted its earnings results on Saturday, February 14th. The oil and gas company reported $0.05 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 for the quarter. As a group, sell-side analysts forecast that Ultrapar Participacoes S.A. will post 0.55 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Jefferies Financial Group raised Ultrapar Participacoes from an “underperform” rating to a “hold” rating and raised their target price for the stock from $3.10 to $5.60 in a report on Friday, March 13th. HSBC downgraded Ultrapar Participacoes from a “buy” rating to a “hold” rating and raised their price objective for the stock from $4.90 to $6.00 in a research note on Wednesday, April 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ultrapar Participacoes in a research note on Monday, June 8th. UBS Group increased their target price on shares of Ultrapar Participacoes from $7.00 to $7.20 and gave the stock a “buy” rating in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $6.05.

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.