Ultrapar Participacoes (UGP) Trading Up 5.4%

Ultrapar Participacoes SA (NYSE:UGP) shares traded up 5.4% during mid-day trading on Tuesday . The stock traded as high as $5.12 and last traded at $5.07. 1,178,600 shares changed hands during trading, a decline of 19% from the average session volume of 1,462,127 shares. The stock had previously closed at $4.81.

Several research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Ultrapar Participacoes from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Saturday, February 2nd. ValuEngine downgraded shares of Ultrapar Participacoes from a “hold” rating to a “sell” rating in a research report on Thursday, February 7th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ultrapar Participacoes in a research report on Friday, March 22nd. Finally, Credit Suisse Group upgraded shares of Ultrapar Participacoes from an “underperform” rating to a “neutral” rating in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $18.00.

The stock has a market capitalization of $5.26 billion, a PE ratio of 18.11 and a beta of 0.25. The company has a debt-to-equity ratio of 1.32, a quick ratio of 2.03 and a current ratio of 2.56.

Ultrapar Participacoes (NYSE:UGP) last issued its quarterly earnings results on Wednesday, February 20th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter. The business had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.61 billion. Ultrapar Participacoes had a net margin of 1.23% and a return on equity of 11.47%. Equities research analysts expect that Ultrapar Participacoes SA will post 0.16 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of UGP. Jane Street Group LLC lifted its position in Ultrapar Participacoes by 1,116.7% during the 4th quarter. Jane Street Group LLC now owns 287,702 shares of the oil and gas company’s stock valued at $3,895,000 after purchasing an additional 264,056 shares during the period. Exane Derivatives acquired a new position in Ultrapar Participacoes during the 1st quarter valued at about $511,000. Quadrant Capital Group LLC lifted its position in Ultrapar Participacoes by 711.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,867 shares of the oil and gas company’s stock valued at $77,000 after purchasing an additional 5,144 shares during the period. Millennium Management LLC lifted its position in Ultrapar Participacoes by 5.0% during the 4th quarter. Millennium Management LLC now owns 508,197 shares of the oil and gas company’s stock valued at $6,881,000 after purchasing an additional 24,098 shares during the period. Finally, Legato Capital Management LLC lifted its position in Ultrapar Participacoes by 83.0% during the 4th quarter. Legato Capital Management LLC now owns 262,200 shares of the oil and gas company’s stock valued at $3,550,000 after purchasing an additional 118,900 shares during the period. Institutional investors and hedge funds own 2.11% of the company’s stock.

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About Ultrapar Participacoes (NYSE:UGP)

Ultrapar Participações SA engages in the gas distribution, fuel distribution, chemicals, storage, and drugstores businesses primarily in Brazil, Mexico, Uruguay, Venezuela, other Latin American countries, the United States, Canada, the Far East, Europe, and internationally. The company's Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers, as well as independent dealers primarily in the South, Southeast, and Northeast regions of Brazil.

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