Ultrapar Participacoes S.A. (NYSE:UGP) Short Interest Update

Ultrapar Participacoes S.A. (NYSE:UGP) was the target of a large decrease in short interest in the month of June. As of June 15th, there was short interest totaling 1,675,114 shares, a decrease of 53.5% from the May 31st total of 3,604,343 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 3,079,679 shares, the short-interest ratio is presently 0.5 days.

Wall Street Analysts Forecast Growth

UGP has been the topic of several research analyst reports. Jefferies Financial Group upgraded shares of Ultrapar Participacoes from an “underperform” rating to a “hold” rating and boosted their price target for the company from $3.10 to $5.60 in a research report on Friday, March 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Ultrapar Participacoes in a research note on Monday, June 8th. HSBC downgraded Ultrapar Participacoes from a “buy” rating to a “hold” rating and boosted their target price for the stock from $4.90 to $6.00 in a report on Wednesday, April 8th. UBS Group increased their target price on Ultrapar Participacoes from $7.00 to $7.20 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Finally, Wall Street Zen upgraded Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. 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 company’s stock. Based on data from MarketBeat, Ultrapar Participacoes has a consensus rating of “Moderate Buy” and an average price target of $6.05.

Ultrapar Participacoes Trading Down 0.1%

Shares of NYSE:UGP opened at $4.96 on Monday. The stock’s 50-day simple moving average is $5.43 and its two-hundred day simple moving average is $4.98. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 9.91, a PEG ratio of 0.98 and a beta of 0.71. Ultrapar Participacoes has a 52-week low of $2.80 and a 52-week high of $6.20. 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 quarterly earnings results 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. Analysts expect that Ultrapar Participacoes will post 0.55 EPS for the current year.

Institutional Investors Weigh In On Ultrapar Participacoes

Institutional investors and hedge funds have recently bought and sold shares of the business. Optiver Holding B.V. increased its holdings in Ultrapar Participacoes by 3.0% in the 1st quarter. Optiver Holding B.V. now owns 453,455 shares of the oil and gas company’s stock valued at $2,499,000 after acquiring an additional 13,203 shares during the last quarter. Parvin Asset Management LLC lifted its stake in Ultrapar Participacoes by 11.6% in the 1st quarter. Parvin Asset Management LLC now owns 185,750 shares of the oil and gas company’s stock worth $1,023,000 after purchasing an additional 19,350 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Ultrapar Participacoes by 45.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 1,982 shares during the last quarter. Royal Bank of Canada grew its position in shares of Ultrapar Participacoes by 165.5% during the first quarter. Royal Bank of Canada now owns 12,390 shares of the oil and gas company’s stock valued at $68,000 after purchasing an additional 7,724 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in shares of Ultrapar Participacoes by 10.6% during the first quarter. Renaissance Technologies LLC now owns 3,740,700 shares of the oil and gas company’s stock valued at $20,611,000 after purchasing an additional 357,922 shares in the last quarter. 3.58% of the stock is owned by institutional investors.

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.