US Bancorp DE cut its stake in Ultrapar Participações S.A. (NYSE:UGP - Free Report) by 75.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,513 shares of the oil and gas company's stock after selling 149,669 shares during the period. US Bancorp DE's holdings in Ultrapar Participações were worth $125,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of UGP. QRG Capital Management Inc. lifted its stake in shares of Ultrapar Participações by 38.1% during the fourth quarter. QRG Capital Management Inc. now owns 20,609 shares of the oil and gas company's stock valued at $54,000 after acquiring an additional 5,687 shares during the period. Bleakley Financial Group LLC raised its holdings in Ultrapar Participações by 33.0% during the 4th quarter. Bleakley Financial Group LLC now owns 86,850 shares of the oil and gas company's stock worth $228,000 after purchasing an additional 21,555 shares during the last quarter. Blue Trust Inc. lifted its position in Ultrapar Participações by 72.4% during the 4th quarter. Blue Trust Inc. now owns 57,100 shares of the oil and gas company's stock valued at $150,000 after purchasing an additional 23,976 shares during the period. SG Americas Securities LLC bought a new position in shares of Ultrapar Participações in the 4th quarter valued at about $374,000. Finally, Hennessy Advisors Inc. grew its position in shares of Ultrapar Participações by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 1,811,400 shares of the oil and gas company's stock worth $4,764,000 after buying an additional 115,600 shares during the period. 3.58% of the stock is owned by institutional investors.
Ultrapar Participações Stock Up 1.8 %
Shares of NYSE:UGP traded up $0.06 during trading on Thursday, hitting $3.20. 3,020,206 shares of the company's stock traded hands, compared to its average volume of 1,525,557. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $2.84 and a 200-day moving average price of $3.22. Ultrapar Participações S.A. has a 52 week low of $2.53 and a 52 week high of $5.85. The company has a market cap of $3.56 billion, a price-to-earnings ratio of 6.99, a price-to-earnings-growth ratio of 2.39 and a beta of 1.42.
Ultrapar Participações Cuts Dividend
The business also recently declared a semi-annual dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a $0.0774 dividend. This represents a dividend yield of 3.8%. The ex-dividend date is Monday, March 10th. Ultrapar Participações's dividend payout ratio (DPR) is presently 33.33%.
Analyst Upgrades and Downgrades
Several brokerages recently weighed in on UGP. JPMorgan Chase & Co. upgraded shares of Ultrapar Participações from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. Hsbc Global Res raised Ultrapar Participações from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 17th. HSBC raised Ultrapar Participações from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Scotiabank upgraded Ultrapar Participações to a "hold" rating in a research report on Friday, December 27th. Finally, The Goldman Sachs Group upgraded shares of Ultrapar Participações from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $4.10 to $3.20 in a report on Friday, January 31st. Three equities 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 stock currently has an average rating of "Moderate Buy" and an average target price of $3.20.
Check Out Our Latest Stock Report on UGP
About Ultrapar Participações
(
Free Report)
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.
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