Capital Innovations LLC Invests $1.53 Million in Ultrapar Participacoes S.A. $UGP

Capital Innovations LLC purchased a new stake in shares of Ultrapar Participacoes S.A. (NYSE:UGP) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 405,382 shares of the oil and gas company’s stock, valued at approximately $1,528,000.

A number of other large investors also recently bought and sold shares of UGP. AQR Capital Management LLC lifted its position in Ultrapar Participacoes by 10.9% during the 1st quarter. AQR Capital Management LLC now owns 70,838 shares of the oil and gas company’s stock valued at $218,000 after acquiring an additional 6,947 shares during the period. JPMorgan Chase & Co. grew its stake in shares of 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 worth $6,163,000 after acquiring an additional 806,463 shares during the period. Franklin Resources Inc. grew its position in Ultrapar Participacoes by 100.8% during 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. grew its position in Ultrapar Participacoes by 80.9% during 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. grew its position in Ultrapar Participacoes by 26.6% during 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. 3.58% of the stock is owned by hedge funds and other institutional investors.

Ultrapar Participacoes Trading Up 0.9%

UGP stock opened at $5.12 on Wednesday. The company has a quick ratio of 1.30, a current ratio of 1.67 and a debt-to-equity ratio of 0.89. Ultrapar Participacoes S.A. has a twelve month low of $2.80 and a twelve month high of $6.20. The stock has a market capitalization of $5.71 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 0.95 and a beta of 0.71. The firm’s fifty day simple moving average is $5.70 and its two-hundred day simple moving average is $4.88.

Ultrapar Participacoes (NYSE:UGP) last posted its quarterly earnings data on Saturday, February 14th. The oil and gas company reported $0.05 earnings per share 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 for the quarter. As a group, analysts anticipate that Ultrapar Participacoes S.A. will post 0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UGP. The Goldman Sachs Group downgraded shares of Ultrapar Participacoes from a “buy” rating to a “neutral” rating and set a $5.40 price target on the stock. in a report on Thursday, February 5th. HSBC lowered shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating and upped their target price for the stock from $4.90 to $6.00 in a research report on Wednesday, April 8th. UBS Group initiated coverage on shares of Ultrapar Participacoes in a research note on Tuesday, April 28th. They set a “buy” rating and a $7.00 price target on the stock. Wall Street Zen upgraded shares of Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Finally, Jefferies Financial Group upgraded shares of Ultrapar Participacoes from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $3.10 to $5.60 in a research report on Friday, March 13th. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average 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.