Raiffeisen Bank International AG Acquires 144,685 Shares of Ultrapar Participacoes S.A. $UGP

Raiffeisen Bank International AG grew its holdings in shares of Ultrapar Participacoes S.A. (NYSE:UGP) by 54.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 411,999 shares of the oil and gas company’s stock after acquiring an additional 144,685 shares during the period. Raiffeisen Bank International AG’s holdings in Ultrapar Participacoes were worth $1,273,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in UGP. 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 valued at $29,000 after buying an additional 3,380 shares in the last quarter. Regatta Capital Group LLC purchased a new stake in shares of Ultrapar Participacoes in the second quarter worth $41,000. Wealthquest Corp purchased a new stake in shares of Ultrapar Participacoes in the first quarter worth $45,000. Wealthstream Advisors Inc. bought a new position in shares of Ultrapar Participacoes during the second quarter valued at $46,000. Finally, Inspire Investing LLC purchased a new position in shares of Ultrapar Participacoes in the 1st quarter worth about $53,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Wall Street Analysts Forecast Growth

UGP has been the topic of several recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Ultrapar Participacoes in a research report on Thursday, November 13th. Wall Street Zen upgraded shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Zacks Research raised shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. The Goldman Sachs Group boosted their price objective on shares of Ultrapar Participacoes from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Friday, September 26th. Finally, Scotiabank upgraded Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Monday, July 28th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $4.50.

Ultrapar Participacoes Stock Performance

Shares of UGP stock opened at $4.19 on Wednesday. The company has a quick ratio of 1.38, a current ratio of 1.82 and a debt-to-equity ratio of 0.84. The company has a 50 day moving average price of $3.97 and a 200-day moving average price of $3.44. Ultrapar Participacoes S.A. has a 52 week low of $2.53 and a 52 week high of $4.39. The firm has a market capitalization of $4.68 billion, a PE ratio of 9.32, a P/E/G ratio of 2.03 and a beta of 1.08.

About Ultrapar Participacoes

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.