Arrowstreet Capital Limited Partnership lifted its stake in Ultrapar Participacoes S.A. (NYSE:UGP - Free Report) by 235.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 927,216 shares of the oil and gas company's stock after purchasing an additional 650,988 shares during the quarter. Arrowstreet Capital Limited Partnership owned 0.08% of Ultrapar Participacoes worth $5,109,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also made changes to their positions in the company. AQR Capital Management LLC increased its stake in shares of 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 acquiring an additional 6,947 shares during the last quarter. JPMorgan Chase & Co. grew 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 valued at $6,163,000 after purchasing an additional 806,463 shares in the last quarter. Franklin Resources Inc. grew 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 valued at $75,000 after purchasing an additional 11,461 shares in the last quarter. Invesco Ltd. increased its position in Ultrapar Participacoes by 80.9% in the 2nd 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 during the last quarter. Finally, Sei Investments Co. increased its position in Ultrapar Participacoes by 26.6% in the 2nd 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 during the last quarter. 3.58% of the stock is currently owned by institutional investors and hedge funds.
Ultrapar Participacoes Price Performance
NYSE UGP opened at $6.50 on Monday. The stock has a 50-day simple moving average of $5.45 and a 200 day simple moving average of $5.35. Ultrapar Participacoes S.A. has a twelve month low of $3.00 and a twelve month high of $6.59. The stock has a market capitalization of $7.25 billion, a PE ratio of 12.99, a P/E/G ratio of 0.52 and a beta of 0.70. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.30 and a current ratio of 1.67.
Analysts Set New Price Targets
UGP has been the topic of a number of research reports. Wall Street Zen upgraded Ultrapar Participacoes from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 9th. Bank of America upgraded shares of Ultrapar Participacoes from a "neutral" rating to a "buy" rating and lifted their target price for the company from $6.80 to $7.40 in a research note on Wednesday, July 8th. Weiss Ratings reissued a "hold (c+)" rating on shares of Ultrapar Participacoes in a research report on Monday, June 8th. UBS Group increased their price target on shares of Ultrapar Participacoes from $7.00 to $7.20 and gave the stock a "buy" rating in a research note on Wednesday, June 17th. Finally, HSBC downgraded shares of Ultrapar Participacoes from a "buy" rating to a "hold" rating and raised their price target for the company from $4.90 to $6.00 in a report on Wednesday, April 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Ultrapar Participacoes presently has a consensus rating of "Moderate Buy" and an average price target of $6.32.
Check Out Our Latest Analysis on UGP
Ultrapar Participacoes Profile
(
Free Report)
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.
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