Ultrapar Participações S.A. (NYSE:UGP) Shares Bought by PDS Planning Inc

PDS Planning Inc boosted its holdings in shares of Ultrapar Participações S.A. (NYSE:UGP) by 90.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 21,408 shares of the oil and gas company’s stock after buying an additional 10,153 shares during the quarter. PDS Planning Inc’s holdings in Ultrapar Participações were worth $83,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. D Orazio & Associates Inc. raised its holdings in shares of Ultrapar Participações by 30.3% during the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock worth $59,000 after purchasing an additional 3,498 shares during the last quarter. BNP Paribas Financial Markets raised its stake in shares of Ultrapar Participações by 36.1% during the 1st quarter. BNP Paribas Financial Markets now owns 17,923 shares of the oil and gas company’s stock valued at $103,000 after buying an additional 4,757 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Ultrapar Participações by 67.9% in the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 6,476 shares during the period. Mount Yale Investment Advisors LLC boosted its stake in shares of Ultrapar Participações by 7.1% in the first quarter. Mount Yale Investment Advisors LLC now owns 115,775 shares of the oil and gas company’s stock worth $662,000 after buying an additional 7,638 shares during the last quarter. Finally, Inspire Advisors LLC grew its holdings in Ultrapar Participações by 33.7% during the third quarter. Inspire Advisors LLC now owns 38,838 shares of the oil and gas company’s stock worth $151,000 after acquiring an additional 9,794 shares during the period. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Ultrapar Participações Trading Up 0.8 %

Shares of NYSE:UGP opened at $3.72 on Wednesday. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 2.76 and a beta of 1.61. The business’s 50 day moving average price is $3.87 and its 200-day moving average price is $4.21. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.16. Ultrapar Participações S.A. has a 1 year low of $3.48 and a 1 year high of $6.34.

Ultrapar Participações (NYSE:UGP) last announced its earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $6.21 billion for the quarter. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. On average, equities research analysts forecast that Ultrapar Participações S.A. will post 0.32 earnings per share for the current fiscal year.

Ultrapar Participações Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a $0.0446 dividend. This represents a yield of 2.7%. The ex-dividend date was Monday, August 19th. Ultrapar Participações’s payout ratio is 15.38%.

Analysts Set New Price Targets

UGP has been the subject of a number of analyst reports. The Goldman Sachs Group decreased their price target on Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating for the company in a report on Tuesday, July 23rd. Hsbc Global Res raised shares of Ultrapar Participações from a “strong sell” rating to a “hold” rating in a report on Friday, July 19th. HSBC raised shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a report on Friday, July 19th. Finally, StockNews.com lowered shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.20.

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.