Rhumbline Advisers Has $774,000 Stock Position in Ultrapar Participações S.A. (NYSE:UGP)

Rhumbline Advisers reduced its stake in shares of Ultrapar Participações S.A. (NYSE:UGP) by 46.8% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 197,992 shares of the oil and gas company’s stock after selling 174,100 shares during the period. Rhumbline Advisers’ holdings in Ultrapar Participações were worth $774,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of UGP. Acadian Asset Management LLC raised its holdings in Ultrapar Participações by 175.6% during the 1st quarter. Acadian Asset Management LLC now owns 3,471,048 shares of the oil and gas company’s stock worth $19,850,000 after buying an additional 2,211,696 shares during the period. Hennessy Advisors Inc. acquired a new stake in Ultrapar Participações during the 2nd quarter worth approximately $5,887,000. US Bancorp DE raised its holdings in Ultrapar Participações by 1,497.3% during the 4th quarter. US Bancorp DE now owns 153,473 shares of the oil and gas company’s stock worth $832,000 after buying an additional 143,865 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in Ultrapar Participações by 60.0% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 356,835 shares of the oil and gas company’s stock worth $2,041,000 after buying an additional 133,791 shares during the period. Finally, Capital Wealth Planning LLC raised its holdings in Ultrapar Participações by 62.7% during the 1st quarter. Capital Wealth Planning LLC now owns 167,304 shares of the oil and gas company’s stock worth $957,000 after buying an additional 64,496 shares during the period. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Ultrapar Participações Price Performance

NYSE:UGP opened at $3.81 on Tuesday. Ultrapar Participações S.A. has a 1-year low of $3.39 and a 1-year high of $6.34. The company has a current ratio of 1.55, a quick ratio of 1.16 and a debt-to-equity ratio of 0.77. The firm has a fifty day simple moving average of $4.14 and a 200 day simple moving average of $4.61. The stock has a market capitalization of $4.25 billion, a PE ratio of 7.94, a P/E/G ratio of 2.98 and a beta of 1.61.

Ultrapar Participações (NYSE:UGP) last released its earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. The business had revenue of $6.21 billion during the quarter. On average, research analysts expect that Ultrapar Participações S.A. will post 0.34 EPS for the current fiscal year.

Ultrapar Participações Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were given a dividend of $0.0446 per share. The ex-dividend date was Monday, August 19th. This represents a yield of 2.7%. Ultrapar Participações’s dividend payout ratio (DPR) is 16.67%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on UGP shares. Hsbc Global Res upgraded shares of Ultrapar Participações from a “strong sell” rating to a “hold” rating in a report on Friday, July 19th. The Goldman Sachs Group lowered their price objective on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a report on Tuesday, July 23rd. StockNews.com downgraded shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Saturday. HSBC upgraded shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a report on Friday, July 19th. Finally, Citigroup upgraded shares of Ultrapar Participações from a “neutral” rating to a “buy” rating in a report on Friday, June 14th. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $5.20.

Ultrapar Participações 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.