Frank Rimerman Advisors LLC Buys New Holdings in Ultrapar Participacoes S.A. $UGP

Frank Rimerman Advisors LLC purchased a new stake in shares of Ultrapar Participacoes S.A. (NYSE:UGP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 55,105 shares of the oil and gas company’s stock, valued at approximately $181,000.

A number of other large investors also recently modified their holdings of the company. Cerity Partners LLC acquired a new position in shares of Ultrapar Participacoes in the 1st quarter valued at about $236,000. CWM LLC increased its position in Ultrapar Participacoes by 55.6% during the 1st quarter. CWM LLC now owns 9,463 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 3,380 shares in the last quarter. Inspire Advisors LLC raised its holdings in Ultrapar Participacoes by 23.1% in the first quarter. Inspire Advisors LLC now owns 49,317 shares of the oil and gas company’s stock valued at $152,000 after buying an additional 9,249 shares during the period. Wealthquest Corp acquired a new position in Ultrapar Participacoes during the first quarter valued at approximately $45,000. Finally, PNC Financial Services Group Inc. lifted its position in Ultrapar Participacoes by 30.5% during the first quarter. PNC Financial Services Group Inc. now owns 53,351 shares of the oil and gas company’s stock valued at $164,000 after buying an additional 12,480 shares in the last quarter. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on UGP shares. Wall Street Zen raised shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 22nd. The Goldman Sachs Group upped their price target on shares of Ultrapar Participacoes from $4.00 to $4.50 and gave the stock a “buy” rating in a research report on Friday, September 26th. Scotiabank upgraded Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a report on Monday, July 28th. Zacks Research raised Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ultrapar Participacoes in a research report on Thursday, November 13th. Three investment analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $4.50.

Ultrapar Participacoes Stock Performance

Ultrapar Participacoes stock opened at $4.02 on Friday. Ultrapar Participacoes S.A. has a 12-month low of $2.53 and a 12-month high of $4.39. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.82 and a quick ratio of 1.38. The company has a market capitalization of $4.48 billion, a price-to-earnings ratio of 8.93, a price-to-earnings-growth ratio of 2.03 and a beta of 1.08. The firm’s fifty day moving average price is $3.98 and its 200 day moving average price is $3.46.

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.