Ultrapar Participações S.A. (NYSE:UGP) Shares Purchased by Wellington Management Group LLP

Wellington Management Group LLP lifted its holdings in shares of Ultrapar Participações S.A. (NYSE:UGP - Free Report) by 162.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 599,642 shares of the oil and gas company's stock after acquiring an additional 370,960 shares during the period. Wellington Management Group LLP owned 0.05% of Ultrapar Participações worth $1,577,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. 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 stake 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 buying an additional 5,687 shares during the last quarter. Sei Investments Co. grew its stake in Ultrapar Participações by 27.9% during the 4th quarter. Sei Investments Co. now owns 31,534 shares of the oil and gas company's stock worth $83,000 after buying an additional 6,882 shares during the last quarter. Jane Street Group LLC increased its position in 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 worth $189,000 after buying an additional 10,037 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in Ultrapar Participações by 34.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 40,871 shares of the oil and gas company's stock valued at $107,000 after buying an additional 10,368 shares during the last quarter. 3.58% of the stock is owned by institutional investors and hedge funds.

Ultrapar Participações Trading Up 3.3 %

Ultrapar Participações stock traded up $0.10 during trading on Friday, hitting $2.98. The company's stock had a trading volume of 3,790,004 shares, compared to its average volume of 1,620,706. The stock's fifty day moving average is $2.95 and its 200 day moving average is $3.07. Ultrapar Participações S.A. has a 1-year low of $2.53 and a 1-year high of $5.37. The stock has a market capitalization of $3.32 billion, a price-to-earnings ratio of 6.47, a P/E/G ratio of 2.39 and a beta of 1.10. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57.

Ultrapar Participações Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were paid a dividend of $0.0774 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, March 10th. Ultrapar Participações's dividend payout ratio is currently 33.33%.

Analysts Set New Price Targets

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

Ultrapar Participações 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.