Andre Saleme Hachem Sells 39,200 Shares of Ultrapar Participacoes (NYSE:UGP) Stock

Ultrapar Participacoes S.A. (NYSE:UGP) CFO Andre Saleme Hachem sold 39,200 shares of the business’s stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $7.67, for a total value of $300,664.00. Following the sale, the chief financial officer owned 25,675 shares in the company, valued at approximately $196,927.25. The trade was a 60.42% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

Andre Saleme Hachem also recently made the following trade(s):

• On Tuesday, August 18th, Andre Saleme Hachem sold 585 shares of Ultrapar Participacoes stock. The shares were sold at an average price of $6.51, for a total value of $3,808.35.

Ultrapar Participacoes Price Performance

Shares of NYSE:UGP traded down $0.11 during midday trading on Wednesday, hitting $7.58. 1,089,844 shares of the stock were exchanged, compared to its average volume of 3,039,834. Ultrapar Participacoes S.A. has a twelve month low of $3.60 and a twelve month high of $7.75. The company has a current ratio of 1.64, a quick ratio of 1.26 and a debt-to-equity ratio of 0.74. The company has a 50 day moving average price of $6.69 and a 200-day moving average price of $5.87. The stock has a market cap of $8.46 billion, a P/E ratio of 12.51, a PEG ratio of 0.42 and a beta of 0.73.

Ultrapar Participacoes (NYSE:UGP) last issued its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.01. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%. The firm had revenue of $8 billion for the quarter, compared to analysts’ expectations of $8.18 billion. On average, research analysts forecast that Ultrapar Participacoes S.A. will post 0.84 earnings per share for the current year.

Ultrapar Participacoes Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, September 14th. Stockholders of record on Wednesday, August 26th were given a $0.1932 dividend. The ex-dividend date was Wednesday, August 26th. This represents a dividend yield of 599.0%. Ultrapar Participacoes’s dividend payout ratio is currently 50.82%.

Institutional Trading of Ultrapar Participacoes

A number of hedge funds have recently added to or reduced their stakes in the business. Engineers Gate Manager LP grew its holdings in Ultrapar Participacoes by 419.7% in the 2nd quarter. Engineers Gate Manager LP now owns 257,957 shares of the oil and gas company’s stock valued at $1,295,000 after buying an additional 208,319 shares during the period. Integrated Wealth Concepts LLC acquired a new stake in shares of Ultrapar Participacoes in the second quarter worth approximately $212,000. Nykredit A S acquired a new position in Ultrapar Participacoes during the second quarter worth approximately $93,000. Allianz Asset Management GmbH acquired a new stake in shares of Ultrapar Participacoes during the 2nd quarter worth $6,704,000. Finally, Corient Private Wealth LP grew its position in Ultrapar Participacoes by 2.7% during the second quarter. Corient Private Wealth LP now owns 62,497 shares of the oil and gas company’s stock valued at $314,000 after acquiring an additional 1,651 shares during the period. 3.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

UGP has been the subject of several research reports. UBS Group lifted their price objective on Ultrapar Participacoes from $7.20 to $7.90 and gave the stock a “buy” rating in a research report on Friday, September 4th. The Goldman Sachs Group lowered their target price on Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating on the stock in a report on Wednesday, August 26th. Bank of America raised Ultrapar Participacoes from a “neutral” rating to a “buy” rating and raised their price target for the stock from $6.80 to $7.40 in a research report on Wednesday, July 8th. Scotiabank downgraded Ultrapar Participacoes from a “sector outperform” rating to a “hold” rating in a research report on Thursday, September 17th. Finally, Weiss Ratings raised Ultrapar Participacoes from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.54.

Ultrapar Participacoes Company Profile

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.