Ultrapar Participacoes (NYSE:UGP) Insider Sells 30,000 Shares of Stock

Ultrapar Participacoes S.A. (NYSE:UGP) insider Pedro Guedes Rabelo sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $7.58, for a total transaction of $227,400.00. Following the transaction, the insider directly owned 57,898 shares of the company’s stock, valued at $438,866.84. The trade was a 34.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Ultrapar Participacoes Stock Performance

Ultrapar Participacoes stock traded down $0.01 during midday trading on Monday, reaching $7.45. 1,645,066 shares of the company traded hands, compared to its average volume of 3,032,669. Ultrapar Participacoes S.A. has a 12 month low of $3.60 and a 12 month high of $7.63. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.64 and a quick ratio of 1.26. The business has a 50 day moving average of $6.44 and a two-hundred day moving average of $5.74. The firm has a market capitalization of $8.30 billion, a price-to-earnings ratio of 12.19, a price-to-earnings-growth ratio of 0.42 and a beta of 0.73.

Ultrapar Participacoes (NYSE:UGP) last posted its earnings results on Wednesday, August 12th. The oil and gas company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The business 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, research analysts predict that Ultrapar Participacoes S.A. will post 0.84 earnings per share for the current year.

Ultrapar Participacoes Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have issued reports on the company. Weiss Ratings raised Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 14th. UBS Group upped their price target on shares of Ultrapar Participacoes from $7.20 to $7.90 and gave the company a “buy” rating in a research report on Friday, September 4th. The Goldman Sachs Group lowered their price objective on shares of Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating on the stock in a research note on Wednesday, August 26th. Finally, Bank of America upgraded shares of Ultrapar Participacoes from a “neutral” rating to a “buy” rating and boosted their target price for the company from $6.80 to $7.40 in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.54.

Institutional Trading of Ultrapar Participacoes

Several hedge funds have recently bought and sold shares of UGP. Engineers Gate Manager LP increased its position in Ultrapar Participacoes by 419.7% in the second quarter. Engineers Gate Manager LP now owns 257,957 shares of the oil and gas company’s stock worth $1,295,000 after buying an additional 208,319 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of Ultrapar Participacoes during the 2nd quarter valued at about $212,000. Nykredit A S bought a new position in shares of Ultrapar Participacoes during the 2nd quarter valued at approximately $93,000. Allianz Asset Management GmbH bought a new position in shares of Ultrapar Participacoes during the 2nd quarter valued at approximately $6,704,000. Finally, Corient Private Wealth LP increased its holdings in Ultrapar Participacoes by 2.7% in the 2nd quarter. Corient Private Wealth LP now owns 62,497 shares of the oil and gas company’s stock worth $314,000 after acquiring an additional 1,651 shares in the last quarter. Institutional investors own 3.58% of the company’s stock.

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.