US Bancorp DE Sells 149,669 Shares of Ultrapar Participações S.A. (NYSE:UGP)

US Bancorp DE trimmed its position in shares of Ultrapar Participações S.A. (NYSE:UGP) by 75.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,513 shares of the oil and gas company’s stock after selling 149,669 shares during the period. US Bancorp DE’s holdings in Ultrapar Participações were worth $125,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Aigen Investment Management LP grew its stake in Ultrapar Participações by 19.4% during the third quarter. Aigen Investment Management LP now owns 38,120 shares of the oil and gas company’s stock valued at $148,000 after acquiring an additional 6,205 shares in the last quarter. Metis Global Partners LLC lifted its holdings in shares of Ultrapar Participações by 33.5% in the 3rd quarter. Metis Global Partners LLC now owns 40,340 shares of the oil and gas company’s stock worth $157,000 after acquiring an additional 10,119 shares during the last quarter. Advisors Asset Management Inc. lifted its holdings in Ultrapar Participações by 71.8% during the 3rd quarter. Advisors Asset Management Inc. now owns 134,363 shares of the oil and gas company’s stock valued at $521,000 after buying an additional 56,142 shares in the last quarter. Dynamic Technology Lab Private Ltd lifted its holdings in Ultrapar Participações by 50.5% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 166,966 shares of the oil and gas company’s stock valued at $648,000 after buying an additional 56,005 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its holdings in Ultrapar Participações by 6.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 251,203 shares of the oil and gas company’s stock valued at $975,000 after buying an additional 15,517 shares in the last quarter. 3.58% of the stock is currently owned by institutional investors.

Ultrapar Participações Stock Performance

NYSE:UGP opened at $3.03 on Monday. Ultrapar Participações S.A. has a fifty-two week low of $2.53 and a fifty-two week high of $5.85. The stock has a market capitalization of $3.37 billion, a PE ratio of 6.58, a P/E/G ratio of 2.39 and a beta of 1.42. The company has a fifty day moving average of $2.81 and a two-hundred day moving average of $3.24. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57.

Ultrapar Participações Cuts Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.0774 per share. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend is Monday, March 10th. Ultrapar Participações’s payout ratio is 33.33%.

Analyst Ratings Changes

UGP has been the subject of several recent research reports. HSBC upgraded shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a report on Friday, January 17th. Scotiabank raised shares of Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th. Hsbc Global Res raised shares of Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. The Goldman Sachs Group raised shares of Ultrapar Participações from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $4.10 to $3.20 in a report on Friday, January 31st. Finally, JPMorgan Chase & Co. upgraded shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $3.20.

About Ultrapar Participações

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.