Raiffeisen Bank International AG Acquires New Position in Ultrapar Participacoes S.A. (NYSE:UGP)

Key Points

• Raiffeisen Bank International AG has acquired a new stake of 267,314 shares in Ultrapar Participacoes S.A., valued at approximately $831,000, marking a significant investment in the oil and gas company.
• Several institutional investors have increased their holdings in Ultrapar, with CWM LLC and GAMMA Investing LLC notably boosting their positions by 55.6% and 92.9%, respectively.
• Analysts have differing views on Ultrapar's stock, with Scotiabank upgrading it to "strong buy" while others have rated it as "hold" and "buy," establishing a consensus target price of $3.20.

Raiffeisen Bank International AG acquired a new stake in shares of Ultrapar Participacoes S.A. (NYSE:UGP - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 267,314 shares of the oil and gas company's stock, valued at approximately $831,000.

A number of other institutional investors have also modified their holdings of the business. CWM LLC lifted its position in Ultrapar Participacoes by 55.6% in the 1st quarter. CWM LLC now owns 9,463 shares of the oil and gas company's stock valued at $29,000 after purchasing an additional 3,380 shares during the last quarter. PDS Planning Inc lifted its position in Ultrapar Participacoes by 28.7% in the 1st quarter. PDS Planning Inc now owns 26,109 shares of the oil and gas company's stock valued at $80,000 after purchasing an additional 5,817 shares during the last quarter. Sei Investments Co. lifted its position in Ultrapar Participacoes by 27.9% in the 4th quarter. Sei Investments Co. now owns 31,534 shares of the oil and gas company's stock valued at $83,000 after purchasing an additional 6,882 shares during the last quarter. GAMMA Investing LLC lifted its position in Ultrapar Participacoes by 92.9% in the 1st quarter. GAMMA Investing LLC now owns 17,413 shares of the oil and gas company's stock valued at $54,000 after purchasing an additional 8,388 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its position in Ultrapar Participacoes by 49.6% in the 4th quarter. Quadrant Capital Group LLC now owns 27,813 shares of the oil and gas company's stock valued at $73,000 after purchasing an additional 9,220 shares during the last quarter. Institutional investors own 3.58% of the company's stock.

Ultrapar Participacoes Price Performance

Shares of Ultrapar Participacoes stock opened at $3.04 on Tuesday. The company has a current ratio of 1.76, a quick ratio of 1.26 and a debt-to-equity ratio of 0.76. The company's 50-day moving average price is $3.07 and its two-hundred day moving average price is $3.00. Ultrapar Participacoes S.A. has a 52 week low of $2.53 and a 52 week high of $4.51. The stock has a market cap of $3.39 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 3.08 and a beta of 1.05.

Analysts Set New Price Targets

UGP has been the subject of a number of recent analyst reports. Scotiabank upgraded shares of Ultrapar Participacoes from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 28th. Wall Street Zen lowered shares of Ultrapar Participacoes from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th. One analyst has rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $3.20.

Ultrapar Participacoes Company Profile

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.

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