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

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

Other hedge funds have also recently made changes to their positions in the company. SG Americas Securities LLC bought a new position in shares of Ultrapar Participacoes in the fourth quarter worth about $44,000. Plan A Wealth LLC grew its holdings in shares of Ultrapar Participacoes by 32.4% in the third quarter. Plan A Wealth LLC now owns 14,056 shares of the oil and gas company’s stock worth $58,000 after purchasing an additional 3,438 shares during the last quarter. Hennion & Walsh Asset Management Inc. bought a new position in shares of Ultrapar Participacoes in the fourth quarter worth about $58,000. Laurion Capital Management LP bought a new position in shares of Ultrapar Participacoes in the third quarter worth about $64,000. Finally, PFG Investments LLC bought a new position in shares of Ultrapar Participacoes in the fourth quarter worth about $61,000. 3.58% of the stock is currently owned by institutional investors.

Ultrapar Participacoes Stock Up 0.9%

Shares of Ultrapar Participacoes stock opened at $5.12 on Wednesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.67 and a quick ratio of 1.30. Ultrapar Participacoes S.A. has a 1 year low of $2.80 and a 1 year high of $6.20. The firm’s 50-day moving average is $5.70 and its two-hundred day moving average is $4.88. The stock has a market cap of $5.71 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 0.95 and a beta of 0.71.

Ultrapar Participacoes (NYSE:UGP) last issued 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 company had revenue of $6.19 billion for the quarter. As a group, research analysts expect that Ultrapar Participacoes S.A. will post 0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wall Street Zen upgraded shares of Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. The Goldman Sachs Group cut 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. Weiss Ratings cut shares of Ultrapar Participacoes from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. HSBC cut shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating and upped their price target for the stock from $4.90 to $6.00 in a report on Wednesday, April 8th. Finally, Jefferies Financial Group upgraded shares of Ultrapar Participacoes from an “underperform” rating to a “hold” rating and increased their target price for the stock from $3.10 to $5.60 in a report on Friday, March 13th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Ultrapar Participacoes presently has a consensus 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.