Prospera Financial Services Inc Purchases Shares of 187,807 Ultrapar Participacoes S.A. $UGP

Prospera Financial Services Inc purchased a new stake in shares of Ultrapar Participacoes S.A. (NYSE:UGP) during the fourth quarter, Holdings Channel reports. The fund purchased 187,807 shares of the oil and gas company’s stock, valued at approximately $708,000.

A number of other institutional investors have also bought and sold shares of UGP. AQR Capital Management LLC boosted its position in Ultrapar Participacoes by 10.9% during the first quarter. AQR Capital Management LLC now owns 70,838 shares of the oil and gas company’s stock valued at $218,000 after acquiring an additional 6,947 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Ultrapar Participacoes by 75.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,878,904 shares of the oil and gas company’s stock worth $6,163,000 after purchasing an additional 806,463 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Ultrapar Participacoes by 100.8% during the 2nd quarter. Franklin Resources Inc. now owns 22,832 shares of the oil and gas company’s stock worth $75,000 after purchasing an additional 11,461 shares in the last quarter. Invesco Ltd. boosted its position in shares of Ultrapar Participacoes by 80.9% during 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 in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Ultrapar Participacoes by 26.6% during 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 in the last quarter. Institutional investors own 3.58% of the company’s stock.

Ultrapar Participacoes Trading Down 2.9%

NYSE:UGP opened at $5.18 on Friday. 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 firm has a market cap of $5.77 billion, a price-to-earnings ratio of 10.35, a price-to-earnings-growth ratio of 0.99 and a beta of 0.77. Ultrapar Participacoes S.A. has a 52 week low of $2.80 and a 52 week high of $6.20. The firm has a 50-day moving average price of $5.70 and a two-hundred day moving average price of $4.87.

Ultrapar Participacoes (NYSE:UGP) last posted its quarterly earnings data on Saturday, February 14th. The oil and gas company reported $0.05 EPS for the quarter. The firm had revenue of $6.19 billion during the quarter. Ultrapar Participacoes had a net margin of 2.04% and a return on equity of 16.54%. On average, equities analysts expect that Ultrapar Participacoes S.A. will post 0.58 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

UGP has been the topic of a number of research analyst reports. UBS Group initiated coverage on shares of Ultrapar Participacoes in a research report on Tuesday, April 28th. They set a “buy” rating and a $7.00 price objective on the stock. Weiss Ratings cut shares of Ultrapar Participacoes from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. Jefferies Financial Group raised shares of Ultrapar Participacoes from an “underperform” rating to a “hold” rating and increased their price objective for the stock from $3.10 to $5.60 in a research report on Friday, March 13th. The Goldman Sachs Group cut shares of Ultrapar Participacoes from a “buy” rating to a “neutral” rating and set a $5.40 price objective on the stock. in a research report on Thursday, February 5th. Finally, Wall Street Zen raised shares of Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.00.

Ultrapar Participacoes Company 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.