Aprio Wealth Management LLC Acquires 5,281 Shares of Ultrapar Participações S.A. (NYSE:UGP)

Aprio Wealth Management LLC lifted its holdings in Ultrapar Participações S.A. (NYSE:UGP) by 22.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,337 shares of the oil and gas company’s stock after acquiring an additional 5,281 shares during the period. Aprio Wealth Management LLC’s holdings in Ultrapar Participações were worth $162,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the business. US Bancorp DE raised its position in shares of Ultrapar Participações by 1,497.3% in the 4th quarter. US Bancorp DE now owns 153,473 shares of the oil and gas company’s stock worth $832,000 after acquiring an additional 143,865 shares in the last quarter. Assetmark Inc. bought a new stake in Ultrapar Participações in the 4th quarter valued at about $46,000. Dynamic Technology Lab Private Ltd increased its position in Ultrapar Participações by 65.5% in the 4th quarter. Dynamic Technology Lab Private Ltd now owns 95,974 shares of the oil and gas company’s stock valued at $520,000 after buying an additional 37,982 shares in the last quarter. Capital Wealth Planning LLC bought a new stake in Ultrapar Participações in the 4th quarter valued at about $557,000. Finally, KLR Investment Advisors LLC bought a new stake in Ultrapar Participações in the 4th quarter valued at about $111,000. 3.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

UGP has been the subject of a number of research analyst reports. StockNews.com lowered Ultrapar Participações from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. Itau BBA Securities lowered Ultrapar Participações from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 2nd. The Goldman Sachs Group boosted their target price on Ultrapar Participações from $5.30 to $6.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Finally, Citigroup upgraded Ultrapar Participações from a “neutral” rating to a “buy” rating in a research note on Friday, June 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Ultrapar Participações presently has a consensus rating of “Hold” and an average price target of $4.37.

Ultrapar Participações Price Performance

UGP stock opened at $4.02 on Friday. The company has a market capitalization of $4.48 billion, a P/E ratio of 8.38, a price-to-earnings-growth ratio of 3.03 and a beta of 1.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.68. Ultrapar Participações S.A. has a 52-week low of $3.39 and a 52-week high of $6.34. The business has a 50-day simple moving average of $4.71 and a two-hundred day simple moving average of $5.33.

Ultrapar Participações (NYSE:UGP) last announced its earnings results on Wednesday, May 8th. The oil and gas company reported $0.08 earnings per share for the quarter. Ultrapar Participações had a return on equity of 19.30% and a net margin of 2.07%. The firm had revenue of $6.14 billion for the quarter. Research analysts expect that Ultrapar Participações S.A. will post 0.32 EPS for the current fiscal year.

Ultrapar Participações 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.