Bleakley Financial Group LLC Increases Stock Position in Ultrapar Participações S.A. (NYSE:UGP)

Bleakley Financial Group LLC raised its holdings in Ultrapar Participações S.A. (NYSE:UGP) by 85.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,295 shares of the oil and gas company’s stock after purchasing an additional 30,096 shares during the period. Bleakley Financial Group LLC’s holdings in Ultrapar Participações were worth $253,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Creative Planning lifted its holdings in shares of Ultrapar Participações by 45.2% in the third quarter. Creative Planning now owns 55,980 shares of the oil and gas company’s stock valued at $217,000 after purchasing an additional 17,430 shares in the last quarter. Ritholtz Wealth Management raised its stake in Ultrapar Participações by 54.0% in the 3rd quarter. Ritholtz Wealth Management now owns 283,247 shares of the oil and gas company’s stock valued at $1,099,000 after purchasing an additional 99,324 shares during the last quarter. Aprio Wealth Management LLC raised its stake in Ultrapar Participações by 63.9% in the 3rd quarter. Aprio Wealth Management LLC now owns 43,516 shares of the oil and gas company’s stock valued at $169,000 after purchasing an additional 16,967 shares during the last quarter. Marshall Wace LLP raised its stake in Ultrapar Participações by 332.6% in the 2nd quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock valued at $5,591,000 after purchasing an additional 1,099,433 shares during the last quarter. Finally, XTX Topco Ltd raised its stake in Ultrapar Participações by 128.2% in the 2nd quarter. XTX Topco Ltd now owns 66,631 shares of the oil and gas company’s stock valued at $261,000 after purchasing an additional 37,436 shares during the last quarter. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Wall Street Analyst Weigh In

UGP has been the subject of several analyst reports. The Goldman Sachs Group cut their target price on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating for the company in a research note on Tuesday, July 23rd. StockNews.com raised Ultrapar Participações from a “hold” rating to a “buy” rating in a research report on Wednesday. Hsbc Global Res raised Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research report on Friday, July 19th. Finally, HSBC raised Ultrapar Participações from a “reduce” rating to a “hold” rating in a research report on Friday, July 19th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $5.20.

Ultrapar Participações Stock Down 1.1 %

Shares of NYSE UGP opened at $3.55 on Thursday. The stock has a market capitalization of $3.96 billion, a PE ratio of 7.40, a P/E/G ratio of 2.62 and a beta of 1.60. The company has a quick ratio of 1.16, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. The firm has a fifty day moving average of $4.00 and a 200-day moving average of $4.32. Ultrapar Participações S.A. has a 52-week low of $3.51 and a 52-week high of $6.34.

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

Ultrapar Participações Cuts Dividend

The firm also recently declared 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 of this dividend was Monday, August 19th. This represents a yield of 2.7%. Ultrapar Participações’s dividend payout ratio (DPR) is 16.67%.

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.