Ultrapar Participacoes S.A. (NYSE:UGP – Get Free Report)’s share price reached a new 52-week high on Friday . The company traded as high as $7.63 and last traded at $7.5950, with a volume of 248260 shares trading hands. The stock had previously closed at $7.58.
Wall Street Analyst Weigh In
UGP has been the subject of several research analyst reports. Weiss Ratings upgraded shares of Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. UBS Group upped their price objective on Ultrapar Participacoes from $7.20 to $7.90 and gave the company a “buy” rating in a research note on Friday, September 4th. Scotiabank lowered Ultrapar Participacoes from a “sector outperform” rating to a “hold” rating in a report on Thursday. Bank of America raised Ultrapar Participacoes from a “neutral” rating to a “buy” rating and raised their target price for the stock from $6.80 to $7.40 in a research report on Wednesday, July 8th. Finally, The Goldman Sachs Group decreased their target price on Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating for the company in a research report on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $6.54.
View Our Latest Stock Report on Ultrapar Participacoes
Ultrapar Participacoes Stock Performance
Ultrapar Participacoes (NYSE:UGP – Get Free Report) last posted its earnings results on Wednesday, August 12th. The oil and gas company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The firm had revenue of $8 billion during the quarter, compared to the consensus estimate of $8.18 billion. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%. As a group, equities research analysts expect that Ultrapar Participacoes S.A. will post 0.84 EPS for the current fiscal year.
Ultrapar Participacoes Dividend Announcement
The firm also recently disclosed a dividend, which was paid on Monday, September 14th. Investors of record on Wednesday, August 26th were issued a $0.1932 dividend. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a yield of 599.0%. Ultrapar Participacoes’s dividend payout ratio (DPR) is 50.82%.
Insider Buying and Selling
In other Ultrapar Participacoes news, CEO Decio De Sampaio Amaral sold 8,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $6.93, for a total transaction of $55,440.00. Following the sale, the chief executive officer owned 151,432 shares in the company, valued at $1,049,423.76. This represents a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Pedro Guedes Rabelo sold 30,000 shares of the stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $7.58, for a total value of $227,400.00. Following the sale, the insider owned 57,898 shares in the company, valued at approximately $438,866.84. This represents a 34.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 38,585 shares of company stock valued at $286,648 over the last quarter. 1.80% of the stock is owned by company insiders.
Institutional Trading of Ultrapar Participacoes
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC grew its holdings in Ultrapar Participacoes by 10.6% during the 1st quarter. Renaissance Technologies LLC now owns 3,740,700 shares of the oil and gas company’s stock valued at $20,611,000 after buying an additional 357,922 shares in the last quarter. Allianz Asset Management GmbH bought a new position in shares of Ultrapar Participacoes in the second quarter valued at approximately $6,704,000. Dimensional Fund Advisors LP grew its stake in Ultrapar Participacoes by 42.7% during the first quarter. Dimensional Fund Advisors LP now owns 945,625 shares of the oil and gas company’s stock valued at $5,210,000 after acquiring an additional 282,887 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Ultrapar Participacoes by 235.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 927,216 shares of the oil and gas company’s stock valued at $5,109,000 after acquiring an additional 650,988 shares in the last quarter. Finally, Kapitalo Investimentos Ltda grew its stake in Ultrapar Participacoes by 4.6% during the first quarter. Kapitalo Investimentos Ltda now owns 915,468 shares of the oil and gas company’s stock valued at $5,044,000 after acquiring an additional 40,586 shares in the last quarter. 3.58% of the stock is currently owned by institutional investors.
About Ultrapar Participacoes
Ultrapar Participações SA is a Brazilian holding company with operations focused on fuel distribution, liquefied petroleum gas and bulk liquid storage. The company traces its origins to 1937, when it was established as Companhia Brasileira de Gás a Domicílio, the predecessor of Ultragaz. Ultrapar’s American depositary shares trade on the New York Stock Exchange under the symbol UGP.
Its principal businesses include Ipiranga, a fuel distribution company that supplies gasoline, ethanol, diesel and other fuels through a nationwide network of service stations.
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