Naman Capital Ltda Has $51.60 Million Stock Position in Ultrapar Participacoes S.A. $UGP

Naman Capital Ltda trimmed its stake in Ultrapar Participacoes S.A. (NYSE:UGP) by 2.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,687,979 shares of the oil and gas company’s stock after selling 392,020 shares during the period. Ultrapar Participacoes comprises 14.5% of Naman Capital Ltda’s holdings, making the stock its 3rd biggest holding. Naman Capital Ltda’s holdings in Ultrapar Participacoes were worth $51,604,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of Ultrapar Participacoes by 117.4% during the third quarter. JPMorgan Chase & Co. now owns 4,084,186 shares of the oil and gas company’s stock worth $16,745,000 after purchasing an additional 2,205,282 shares during the last quarter. CIBC Bancorp USA Inc. purchased a new stake in Ultrapar Participacoes in the third quarter valued at $14,639,000. Kapitalo Investimentos Ltda boosted its holdings in Ultrapar Participacoes by 350.7% in the fourth quarter. Kapitalo Investimentos Ltda now owns 874,882 shares of the oil and gas company’s stock valued at $3,298,000 after purchasing an additional 680,782 shares during the last quarter. Raiffeisen Bank International AG grew its position in Ultrapar Participacoes by 30.4% during the 3rd quarter. Raiffeisen Bank International AG now owns 537,128 shares of the oil and gas company’s stock worth $2,191,000 after purchasing an additional 125,129 shares during the period. Finally, Optiver Holding B.V. acquired a new stake in Ultrapar Participacoes during the 3rd quarter worth about $1,552,000. 3.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UGP has been the subject of several analyst reports. Jefferies Financial Group raised Ultrapar Participacoes from an “underperform” rating to a “hold” rating and boosted their price objective for the company from $3.10 to $5.60 in a report on Friday, March 13th. HSBC cut Ultrapar Participacoes from a “buy” rating to a “hold” rating and lifted their price target for the company from $4.90 to $6.00 in a research report on Wednesday, April 8th. UBS Group upped their price objective on Ultrapar Participacoes from $7.00 to $7.20 and gave the stock a “buy” rating in a research report on Wednesday. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Ultrapar Participacoes in a research note on Monday, June 8th. Finally, 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. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, Ultrapar Participacoes presently has a consensus rating of “Moderate Buy” and a consensus price target of $6.05.

Ultrapar Participacoes Trading Up 2.1%

UGP stock opened at $4.80 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.30 and a debt-to-equity ratio of 0.89. Ultrapar Participacoes S.A. has a 12-month low of $2.80 and a 12-month high of $6.20. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.93 and a beta of 0.71. The business’s 50-day moving average is $5.55 and its 200 day moving average is $4.95.

Ultrapar Participacoes (NYSE:UGP) last issued its quarterly earnings results on Saturday, February 14th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. Ultrapar Participacoes had a return on equity of 16.54% and a net margin of 2.04%.The firm had revenue of $6.19 billion for the quarter. On average, sell-side analysts anticipate that Ultrapar Participacoes S.A. will post 0.55 EPS for the current fiscal year.

Ultrapar Participacoes Profile

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.