Dynamic Technology Lab Private Ltd Has $37,000 Position in Ultrapar Participações S.A. (NYSE:UGP)

Dynamic Technology Lab Private Ltd lessened its holdings in Ultrapar Participações S.A. (NYSE:UGP - Free Report) by 91.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,008 shares of the oil and gas company's stock after selling 152,958 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Ultrapar Participações were worth $37,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UGP. Signaturefd LLC grew its holdings in shares of Ultrapar Participações by 23.0% during the fourth quarter. Signaturefd LLC now owns 19,705 shares of the oil and gas company's stock worth $52,000 after purchasing an additional 3,688 shares during the last quarter. QRG Capital Management Inc. grew its holdings in Ultrapar Participações by 38.1% during the 4th quarter. QRG Capital Management Inc. now owns 20,609 shares of the oil and gas company's stock worth $54,000 after acquiring an additional 5,687 shares during the last quarter. Sei Investments Co. increased its position in Ultrapar Participações by 27.9% in the 4th quarter. Sei Investments Co. now owns 31,534 shares of the oil and gas company's stock valued at $83,000 after acquiring an additional 6,882 shares during the period. Jane Street Group LLC raised its stake in shares of Ultrapar Participações by 26.0% during the third quarter. Jane Street Group LLC now owns 48,712 shares of the oil and gas company's stock valued at $189,000 after acquiring an additional 10,037 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Ultrapar Participações by 34.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 40,871 shares of the oil and gas company's stock worth $107,000 after purchasing an additional 10,368 shares during the period. Institutional investors own 3.58% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on UGP shares. HSBC raised Ultrapar Participações from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. JPMorgan Chase & Co. upgraded Ultrapar Participações from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. The Goldman Sachs Group upgraded shares of Ultrapar Participações from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $4.10 to $3.20 in a research report on Friday, January 31st. Hsbc Global Res upgraded shares of Ultrapar Participações from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 17th. Finally, Scotiabank raised shares of Ultrapar Participações to a "hold" rating in a research report on Friday, December 27th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $3.20.

Ultrapar Participações Stock Up 3.3 %

Shares of Ultrapar Participações stock traded up $0.10 during trading on Friday, reaching $2.98. 3,790,004 shares of the company traded hands, compared to its average volume of 1,621,198. Ultrapar Participações S.A. has a 1-year low of $2.53 and a 1-year high of $5.37. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11. The firm has a market capitalization of $3.32 billion, a PE ratio of 6.47, a P/E/G ratio of 2.39 and a beta of 1.10. The company has a 50 day moving average price of $2.95 and a 200-day moving average price of $3.07.

Ultrapar Participações Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a $0.0774 dividend. This represents a yield of 3.8%. The ex-dividend date was Monday, March 10th. Ultrapar Participações's payout ratio is 33.33%.

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.