Banco BTG Pactual S.A. Makes New Investment in Ultrapar Participacoes S.A. $UGP

Banco BTG Pactual S.A. acquired a new position in Ultrapar Participacoes S.A. (NYSE:UGP) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 697,900 shares of the oil and gas company’s stock, valued at approximately $2,631,000. Banco BTG Pactual S.A. owned approximately 0.06% of Ultrapar Participacoes as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of UGP. AQR Capital Management LLC boosted its stake in Ultrapar Participacoes by 10.9% in the first quarter. AQR Capital Management LLC now owns 70,838 shares of the oil and gas company’s stock worth $218,000 after purchasing an additional 6,947 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in 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 purchasing an additional 806,463 shares in the last quarter. Franklin Resources Inc. boosted its stake in Ultrapar Participacoes by 100.8% in the second quarter. Franklin Resources Inc. now owns 22,832 shares of the oil and gas company’s stock worth $75,000 after purchasing an additional 11,461 shares in the last quarter. Invesco Ltd. boosted its stake in Ultrapar Participacoes by 80.9% in the second quarter. Invesco Ltd. now owns 177,847 shares of the oil and gas company’s stock worth $583,000 after purchasing an additional 79,524 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Ultrapar Participacoes by 26.6% in the second quarter. Sei Investments Co. now owns 66,997 shares of the oil and gas company’s stock worth $220,000 after purchasing an additional 14,060 shares in the last quarter. Institutional investors and hedge funds own 3.58% of the company’s stock.

Ultrapar Participacoes Trading Up 1.1%

Shares of UGP opened at $4.91 on Friday. 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 12-month low of $2.80 and a 12-month high of $6.20. The firm has a market capitalization of $5.47 billion, a PE ratio of 9.81, a price-to-earnings-growth ratio of 0.96 and a beta of 0.71. The stock’s fifty day simple moving average is $5.64 and its 200-day simple moving average is $4.93.

Ultrapar Participacoes (NYSE:UGP) last issued its quarterly 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 return on equity of 16.54% and a net margin of 2.04%.The business had revenue of $6.19 billion for the quarter. As a group, research analysts predict that Ultrapar Participacoes S.A. will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Wall Street Zen raised Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Weiss Ratings reissued a “hold (c+)” rating on shares of Ultrapar Participacoes in a research note on Monday. HSBC lowered Ultrapar Participacoes from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $4.90 to $6.00 in a research note on Wednesday, April 8th. Jefferies Financial Group raised Ultrapar Participacoes from an “underperform” rating to a “hold” rating and upped their price target for the company from $3.10 to $5.60 in a research note on Friday, March 13th. Finally, UBS Group started coverage on Ultrapar Participacoes in a research note on Tuesday, April 28th. They set a “buy” rating and a $7.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.00.

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.