Decio De Sampaio Amaral Sells 8,000 Shares of Ultrapar Participacoes (NYSE:UGP) Stock

Ultrapar Participacoes S.A. (NYSE:UGP) CEO Decio De Sampaio Amaral sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $6.93, for a total transaction of $55,440.00. Following the transaction, the chief executive officer owned 151,432 shares of the company’s stock, valued at approximately $1,049,423.76. This represents a 5.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Ultrapar Participacoes Stock Up 1.8%

NYSE UGP opened at $7.29 on Friday. The business has a fifty day moving average price of $6.20 and a two-hundred day moving average price of $5.66. The stock has a market capitalization of $8.13 billion, a PE ratio of 11.95, a PEG ratio of 0.42 and a beta of 0.73. Ultrapar Participacoes S.A. has a fifty-two week low of $3.60 and a fifty-two week high of $7.36. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.64 and a quick ratio of 1.26.

Ultrapar Participacoes (NYSE:UGP) last issued its quarterly earnings results on Wednesday, August 12th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Ultrapar Participacoes had a return on equity of 18.84% and a net margin of 2.28%.The company had revenue of $8 billion for the quarter, compared to analyst estimates of $8.18 billion. Equities analysts expect that Ultrapar Participacoes S.A. will post 0.8 earnings per share for the current fiscal year.

Ultrapar Participacoes Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently commented on UGP. Weiss Ratings raised shares of Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 14th. Bank of America raised shares of Ultrapar Participacoes from a “neutral” rating to a “buy” rating and increased their price objective for the company from $6.80 to $7.40 in a research note on Wednesday, July 8th. UBS Group raised their target price on shares of Ultrapar Participacoes from $7.20 to $7.90 and gave the company a “buy” rating in a research report on Friday. The Goldman Sachs Group dropped their price target on Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating for the company in a research note on Wednesday, August 26th. Finally, Wall Street Zen upgraded Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Ultrapar Participacoes has an average rating of “Moderate Buy” and a consensus target price of $6.54.

Hedge Funds Weigh In On Ultrapar Participacoes

A number of hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. increased its holdings in Ultrapar Participacoes by 98.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 4,214,612 shares of the oil and gas company’s stock valued at $15,889,000 after purchasing an additional 2,087,852 shares during the period. Renaissance Technologies LLC lifted 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 worth $20,611,000 after buying an additional 357,922 shares during the period. UBS Group AG grew its position in shares of Ultrapar Participacoes by 131.9% in the 3rd quarter. UBS Group AG now owns 2,890,033 shares of the oil and gas company’s stock valued at $11,849,000 after buying an additional 1,643,562 shares during the last quarter. Millennium Management LLC grew its position in shares of Ultrapar Participacoes by 306.4% in the 3rd quarter. Millennium Management LLC now owns 2,796,662 shares of the oil and gas company’s stock valued at $11,466,000 after buying an additional 2,108,543 shares during the last quarter. Finally, Deutsche Bank AG grew its position in shares of Ultrapar Participacoes by 42,357.3% in the 4th quarter. Deutsche Bank AG now owns 2,147,914 shares of the oil and gas company’s stock valued at $8,098,000 after buying an additional 2,142,855 shares during the last quarter. Institutional investors and hedge funds own 3.58% of the company’s stock.

Ultrapar Participacoes Company Profile

Ultrapar Participações SA is a Brazilian diversified holding company operating in the downstream energy and chemical sectors. Its Ipiranga unit runs one of Brazil’s largest networks of fuel stations, supplying gasoline, ethanol, diesel and convenience-store products to retail and wholesale customers. Through Ultragaz, the company is a leading distributor of liquefied petroleum gas (LPG), offering cylinder and bulk gas solutions for residential, commercial and industrial use across urban and rural regions.

In the specialty chemicals arena, Ultrapar controls Oxiteno, which produces surfactants and specialty chemical formulations for industries such as personal care, oil and gas, agrochemicals and coatings.