Marshall Wace North America L.P. Takes $442,000 Position in Ultrapar Participacoes SA (UGP)

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Marshall Wace North America L.P. acquired a new stake in Ultrapar Participacoes SA (NYSE:UGP) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 47,787 shares of the oil and gas company’s stock, valued at approximately $442,000.

Other institutional investors also recently added to or reduced their stakes in the company. Wetherby Asset Management Inc. acquired a new position in Ultrapar Participacoes in the 3rd quarter valued at approximately $120,000. CIBC World Markets Inc. acquired a new position in Ultrapar Participacoes in the 3rd quarter valued at approximately $134,000. SPX Equities Gestao de Recursos Ltda acquired a new position in Ultrapar Participacoes in the 3rd quarter valued at approximately $156,132,860,000. Stevens Capital Management LP acquired a new position in Ultrapar Participacoes in the 2nd quarter valued at approximately $202,000. Finally, Greenleaf Trust acquired a new position in Ultrapar Participacoes in the 3rd quarter valued at approximately $174,000. Hedge funds and other institutional investors own 4.88% of the company’s stock.

Shares of UGP opened at $12.73 on Wednesday. Ultrapar Participacoes SA has a 12 month low of $8.86 and a 12 month high of $26.48. The company has a current ratio of 2.35, a quick ratio of 1.88 and a debt-to-equity ratio of 1.25. The firm has a market cap of $6.98 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 5.20 and a beta of 0.49.

Ultrapar Participacoes (NYSE:UGP) last posted its earnings results on Wednesday, November 7th. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter. Ultrapar Participacoes had a net margin of 1.17% and a return on equity of 10.78%. The business had revenue of $6.05 billion for the quarter. Equities research analysts forecast that Ultrapar Participacoes SA will post 0.56 earnings per share for the current fiscal year.

Several research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Ultrapar Participacoes from a “hold” rating to a “sell” rating in a research note on Thursday, November 29th. UBS Group lowered shares of Ultrapar Participacoes from a “buy” rating to a “neutral” rating in a research note on Friday, August 24th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. Ultrapar Participacoes currently has an average rating of “Hold” and a consensus target price of $25.00.

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Ultrapar Participacoes Profile

Ultrapar Participações SA engages in gas distribution, fuel distribution, chemicals, storage, and drugstores businesses in Brazil, Mexico, United Stated, Uruguay, and Venezuela. 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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