Raiffeisen Bank International AG Buys 144,685 Shares of Ultrapar Participacoes S.A. $UGP

Raiffeisen Bank International AG lifted its position in Ultrapar Participacoes S.A. (NYSE:UGP) by 54.1% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 411,999 shares of the oil and gas company’s stock after purchasing an additional 144,685 shares during the period. Raiffeisen Bank International AG’s holdings in Ultrapar Participacoes were worth $1,273,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC purchased a new stake in Ultrapar Participacoes during the 1st quarter valued at $236,000. Inspire Investing LLC purchased a new position in shares of Ultrapar Participacoes in the first quarter valued at about $53,000. Wealthstream Advisors Inc. bought a new position in shares of Ultrapar Participacoes during the second quarter valued at about $46,000. Regatta Capital Group LLC purchased a new stake in shares of Ultrapar Participacoes during the second quarter worth about $41,000. Finally, Polunin Capital Partners Ltd grew its stake in shares of Ultrapar Participacoes by 8.9% in the second quarter. Polunin Capital Partners Ltd now owns 9,457,242 shares of the oil and gas company’s stock worth $31,398,000 after purchasing an additional 776,808 shares during the last quarter. 3.58% of the stock is owned by hedge funds and other institutional investors.

Ultrapar Participacoes Trading Up 2.8%

UGP opened at $4.19 on Wednesday. The stock has a market cap of $4.68 billion, a PE ratio of 9.32, a PEG ratio of 2.03 and a beta of 1.08. The company has a quick ratio of 1.38, a current ratio of 1.82 and a debt-to-equity ratio of 0.84. The business has a 50 day moving average of $3.97 and a 200-day moving average of $3.44. Ultrapar Participacoes S.A. has a 52 week low of $2.53 and a 52 week high of $4.39.

Analyst Ratings Changes

UGP has been the subject of a number of recent analyst reports. Zacks Research raised Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Scotiabank raised Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 28th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ultrapar Participacoes in a research note on Thursday, November 13th. Wall Street Zen upgraded shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a report on Friday, August 22nd. Finally, The Goldman Sachs Group boosted their price objective on shares of Ultrapar Participacoes from $4.00 to $4.50 and gave the company a “buy” rating in a research report on Friday, September 26th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Ultrapar Participacoes presently has a consensus rating of “Buy” and an average target price of $4.50.

Ultrapar Participacoes 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.