Dimensional Fund Advisors LP increased its position in shares of Ultrapar Participacoes S.A. (NYSE:UGP - Free Report) by 42.7% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 945,625 shares of the oil and gas company's stock after buying an additional 282,887 shares during the quarter. Dimensional Fund Advisors LP owned about 0.08% of Ultrapar Participacoes worth $5,210,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new stake in Ultrapar Participacoes during the fourth quarter worth $32,000. R Squared Ltd acquired a new position in shares of Ultrapar Participacoes in the 1st quarter valued at $55,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Ultrapar Participacoes in the 1st quarter valued at $62,000. SG Americas Securities LLC acquired a new position in shares of Ultrapar Participacoes in the 4th quarter valued at $44,000. Finally, GeoWealth Management LLC purchased a new position in shares of Ultrapar Participacoes during the 4th quarter worth $44,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have weighed in on UGP. Bank of America raised shares of Ultrapar Participacoes from a "neutral" rating to a "buy" rating and increased their target price for the stock from $6.80 to $7.40 in a research note on Wednesday, July 8th. Wall Street Zen raised shares of Ultrapar Participacoes from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 9th. UBS Group upped their price objective on shares of Ultrapar Participacoes from $7.00 to $7.20 and gave the stock a "buy" rating in a report on Wednesday, June 17th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Ultrapar Participacoes in a research report on Monday, June 8th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $6.32.
Read Our Latest Stock Analysis on UGP
Ultrapar Participacoes Stock Down 0.9%
Shares of UGP opened at $5.96 on Wednesday. The stock has a market capitalization of $6.64 billion, a PE ratio of 11.91, a P/E/G ratio of 0.36 and a beta of 0.70. Ultrapar Participacoes S.A. has a 1 year low of $3.06 and a 1 year high of $6.59. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.30 and a current ratio of 1.67. The company's 50-day simple moving average is $5.57 and its 200-day simple moving average is $5.46.
Ultrapar Participacoes Company Profile
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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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