Ultrapar Participacoes SA (UGP) Short Interest Update

Ultrapar Participacoes SA (NYSE:UGP) was the target of a large decline in short interest in the month of December. As of December 29th, there was short interest totalling 1,139,107 shares, a decline of 57.0% from the December 15th total of 2,647,930 shares. Based on an average trading volume of 294,038 shares, the short-interest ratio is presently 3.9 days.

Institutional investors and hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its holdings in Ultrapar Participacoes by 6.0% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 439,901 shares of the oil and gas company’s stock valued at $10,479,000 after buying an additional 24,882 shares during the period. Crossmark Global Holdings Inc. acquired a new position in Ultrapar Participacoes in the 3rd quarter valued at about $1,865,000. SG Americas Securities LLC grew its position in Ultrapar Participacoes by 45.2% in the 3rd quarter. SG Americas Securities LLC now owns 71,226 shares of the oil and gas company’s stock valued at $1,697,000 after acquiring an additional 22,175 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Ultrapar Participacoes in the 2nd quarter valued at about $522,000. Finally, State Street Corp grew its position in Ultrapar Participacoes by 3.7% in the 2nd quarter. State Street Corp now owns 962,753 shares of the oil and gas company’s stock valued at $22,652,000 after acquiring an additional 34,776 shares in the last quarter. Hedge funds and other institutional investors own 4.38% of the company’s stock.

Shares of Ultrapar Participacoes (UGP) opened at $24.70 on Friday. The stock has a market cap of $13,654.18, a PE ratio of 27.14 and a beta of 1.05. Ultrapar Participacoes has a fifty-two week low of $20.09 and a fifty-two week high of $25.39. The company has a debt-to-equity ratio of 1.11, a current ratio of 2.51 and a quick ratio of 1.98.

Ultrapar Participacoes (NYSE:UGP) last issued its quarterly earnings data on Wednesday, November 8th. The oil and gas company reported $0.32 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.32. Ultrapar Participacoes had a net margin of 2.07% and a return on equity of 18.30%. equities analysts predict that Ultrapar Participacoes will post 0.92 earnings per share for the current year.

Separately, Zacks Investment Research restated a “buy” rating and issued a $25.00 price objective on shares of Ultrapar Participacoes in a report on Saturday, January 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $25.00.

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About Ultrapar Participacoes

Ultrapar Participacoes SA is a Brazil-based company primarily engaged in the automotive fuel retail. The Company operates in five segments: Gas distribution (Ultragaz), which distributes liquefied petroleum gas (LPG) to residential, commercial and industrial consumers in the South, Southeast and Northeast regions of Brazil; Fuel distribution (Ipiranga), which operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles and lubricants, as well as provides related activities across the Brazilian territory; Chemicals (Oxiteno), which produces ethylene oxide, as well as its primary derivatives and fatty alcohols; Storage (Ultracargo), which operates liquid bulk terminals, primarily in the Southeast and Northeast regions of Brazil, and Drugstores (Extrafarma), which trades pharmaceutical, hygiene and beauty products through its drugstore chain in the states of Para and Piaui, among others.

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