TCG Advisory Services LLC Invests $62,000 in Ultrapar Participações S.A. (NYSE:UGP)

TCG Advisory Services LLC purchased a new stake in Ultrapar Participações S.A. (NYSE:UGP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 11,464 shares of the oil and gas company’s stock, valued at approximately $62,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UGP. Blue Trust Inc. boosted its stake in shares of Ultrapar Participações by 254.7% in the 4th quarter. Blue Trust Inc. now owns 5,796 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 4,162 shares during the last quarter. SG Americas Securities LLC acquired a new position in Ultrapar Participações in the third quarter valued at approximately $71,000. Clear Street Markets LLC acquired a new position in Ultrapar Participações in the third quarter valued at approximately $96,000. Aprio Wealth Management LLC bought a new position in Ultrapar Participações in the fourth quarter valued at approximately $125,000. Finally, Fulton Bank N.A. acquired a new stake in Ultrapar Participações during the 4th quarter worth $155,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Ultrapar Participações Stock Performance

Shares of Ultrapar Participações stock opened at $5.19 on Tuesday. The stock’s fifty day simple moving average is $5.55 and its 200 day simple moving average is $5.36. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 0.78. The company has a market capitalization of $5.79 billion, a PE ratio of 11.53, a PEG ratio of 3.31 and a beta of 1.63. Ultrapar Participações S.A. has a 12 month low of $3.24 and a 12 month high of $6.34.

Ultrapar Participações (NYSE:UGP) last released its quarterly earnings results on Wednesday, February 28th. The oil and gas company reported $0.20 EPS for the quarter. Ultrapar Participações had a return on equity of 18.86% and a net margin of 1.95%. The company had revenue of $6.75 billion for the quarter. On average, research analysts predict that Ultrapar Participações S.A. will post 0.32 EPS for the current year.

Ultrapar Participações Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a $0.0723 dividend. The ex-dividend date was Friday, March 8th. This represents a yield of 2%. This is a positive change from Ultrapar Participações’s previous semi-annual dividend of $0.05. Ultrapar Participações’s payout ratio is presently 31.11%.

Wall Street Analysts Forecast Growth

UGP has been the topic of several recent research reports. The Goldman Sachs Group raised their price target on Ultrapar Participações from $5.30 to $6.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 20th. StockNews.com upgraded Ultrapar Participações from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. Finally, Itau BBA Securities cut Ultrapar Participações from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.37.

About Ultrapar Participações

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.