Ultrapar Participacoes S.A. $UGP Shares Sold by UBS Group AG

UBS Group AG cut its stake in Ultrapar Participacoes S.A. (NYSE:UGP) by 35.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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’s holdings in Ultrapar Participacoes were worth $7,075,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Ultrapar Participacoes during the 4th quarter valued at approximately $44,000. Plan A Wealth LLC lifted its stake in Ultrapar Participacoes by 32.4% during the 3rd quarter. Plan A Wealth LLC now owns 14,056 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 3,438 shares during the period. Hennion & Walsh Asset Management Inc. acquired a new stake in Ultrapar Participacoes during the 4th quarter valued at approximately $58,000. Laurion Capital Management LP acquired a new stake in Ultrapar Participacoes during the 3rd quarter valued at approximately $64,000. Finally, PFG Investments LLC acquired a new stake in Ultrapar Participacoes during the 4th quarter valued at approximately $61,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

UGP has been the subject of several research reports. The Goldman Sachs Group cut shares of Ultrapar Participacoes from a “buy” rating to a “neutral” rating and set a $5.40 price objective for the company. in a research note on Thursday, February 5th. HSBC cut shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating and lifted their price objective for the company from $4.90 to $6.00 in a research note on Wednesday, April 8th. Jefferies Financial Group raised shares of Ultrapar Participacoes from an “underperform” rating to a “hold” rating and lifted their target price for the company from $3.10 to $5.60 in a report on Friday, March 13th. Weiss Ratings lowered shares of Ultrapar Participacoes from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. Finally, UBS Group initiated coverage on shares of Ultrapar Participacoes in a report on Tuesday, April 28th. They set a “buy” rating and a $7.00 target price for the company. Two investment 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 company’s stock. According to MarketBeat.com, Ultrapar Participacoes presently has a consensus rating of “Moderate Buy” and an average price target of $6.00.

Ultrapar Participacoes Stock Performance

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 PE ratio of 11.25, a P/E/G ratio of 1.09 and a beta of 0.77. The company has a fifty day moving average of $5.62 and a two-hundred day moving average of $4.79. 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 released its 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 net margin of 2.04% and a return on equity of 16.54%. The business had revenue of $6.19 billion during the quarter. As a group, research analysts forecast that Ultrapar Participacoes S.A. will post 0.58 earnings per share for the current fiscal year.

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.