Dynamic Technology Lab Private Ltd Purchases Shares of 68,360 Ultrapar Participacoes SA (NYSE:UGP)

Dynamic Technology Lab Private Ltd bought a new position in shares of Ultrapar Participacoes SA (NYSE:UGP) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 68,360 shares of the oil and gas company’s stock, valued at approximately $817,000.

Several other institutional investors have also recently made changes to their positions in the company. NumerixS Investment Technologies Inc bought a new stake in Ultrapar Participacoes in the first quarter valued at about $228,000. Timber Hill LLC bought a new stake in Ultrapar Participacoes in the first quarter valued at about $210,000. Great West Life Assurance Co. Can increased its holdings in Ultrapar Participacoes by 393.9% in the first quarter. Great West Life Assurance Co. Can now owns 217,681 shares of the oil and gas company’s stock valued at $2,593,000 after buying an additional 173,605 shares during the last quarter. Laurion Capital Management LP bought a new stake in Ultrapar Participacoes in the first quarter valued at about $1,009,000. Finally, Stevens Capital Management LP bought a new stake in Ultrapar Participacoes in the first quarter valued at about $310,000. Hedge funds and other institutional investors own 1.74% of the company’s stock.

Shares of NYSE UGP traded down $0.10 during mid-day trading on Monday, hitting $5.14. 1,067,800 shares of the stock were exchanged, compared to its average volume of 1,328,157. Ultrapar Participacoes SA has a twelve month low of $4.43 and a twelve month high of $7.90. The firm has a market cap of $5.83 billion, a P/E ratio of 18.36 and a beta of 0.27. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.18 and a current ratio of 2.76. The firm’s fifty day moving average price is $5.23.

Ultrapar Participacoes (NYSE:UGP) last issued its quarterly earnings data on Thursday, May 16th. The oil and gas company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The business had revenue of $5.50 billion for the quarter. Ultrapar Participacoes had a net margin of 1.44% and a return on equity of 13.29%. Analysts forecast that Ultrapar Participacoes SA will post 0.33 EPS for the current year.

UGP has been the subject of several recent research reports. Zacks Investment Research raised Ultrapar Participacoes from a “strong sell” rating to a “hold” rating in a report on Friday, May 24th. ValuEngine raised shares of Ultrapar Participacoes from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 4th. Morgan Stanley downgraded shares of Ultrapar Participacoes from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, June 18th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ultrapar Participacoes in a report on Friday, March 22nd. Finally, Credit Suisse Group upgraded shares of Ultrapar Participacoes from an “underperform” rating to a “neutral” rating in a report on Friday, May 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Ultrapar Participacoes presently has an average rating of “Hold” and a consensus price target of $18.00.

About Ultrapar Participacoes

Ultrapar Participações SA engages in the gas distribution, fuel distribution, chemicals, storage, and drugstores businesses primarily in Brazil, Mexico, Uruguay, Venezuela, other Latin American countries, the United States, Canada, the Far East, Europe, and internationally. The company's Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers, as well as independent dealers primarily in the South, Southeast, and Northeast regions of Brazil.

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Institutional Ownership by Quarter for Ultrapar Participacoes (NYSE:UGP)

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