Aprio Wealth Management LLC Purchases 16,967 Shares of Ultrapar Participações S.A. (NYSE:UGP)

Aprio Wealth Management LLC lifted its position in Ultrapar Participações S.A. (NYSE:UGP) by 63.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 43,516 shares of the oil and gas company’s stock after acquiring an additional 16,967 shares during the period. Aprio Wealth Management LLC’s holdings in Ultrapar Participações were worth $169,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Acadian Asset Management LLC grew its stake in Ultrapar Participações by 175.6% in the first quarter. Acadian Asset Management LLC now owns 3,471,048 shares of the oil and gas company’s stock worth $19,850,000 after purchasing an additional 2,211,696 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of Ultrapar Participações by 60.0% in 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. Marshall Wace LLP grew its position in shares of 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 worth $5,591,000 after buying an additional 1,099,433 shares during the period. Bleakley Financial Group LLC increased its stake in shares of Ultrapar Participações by 112.6% in the 1st quarter. Bleakley Financial Group LLC now owns 25,044 shares of the oil and gas company’s stock worth $143,000 after acquiring an additional 13,262 shares in the last quarter. Finally, Capstone Investment Advisors LLC purchased a new position in Ultrapar Participações during the 1st quarter valued at about $328,000. Institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Stock Performance

UGP stock opened at $3.78 on Wednesday. The stock’s 50 day simple moving average is $4.10 and its 200 day simple moving average is $4.47. The company has a current ratio of 1.55, a quick ratio of 1.16 and a debt-to-equity ratio of 0.77. Ultrapar Participações S.A. has a 12-month low of $3.55 and a 12-month high of $6.34. The stock has a market capitalization of $4.22 billion, a PE ratio of 7.88, a price-to-earnings-growth ratio of 2.78 and a beta of 1.60.

Ultrapar Participações (NYSE:UGP) last announced 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. Ultrapar Participações had a return on equity of 20.24% and a net margin of 2.21%. The firm had revenue of $6.21 billion for the quarter. As a group, research analysts forecast that Ultrapar Participações S.A. will post 0.34 earnings per share for the current fiscal year.

Ultrapar Participações Cuts Dividend

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UGP. The Goldman Sachs Group decreased 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. Citigroup upgraded Ultrapar Participações from a “neutral” rating to a “buy” rating in a research note on Friday, June 14th. StockNews.com downgraded Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Monday. Hsbc Global Res upgraded Ultrapar Participações from a “strong sell” rating to a “hold” rating in a report on Friday, July 19th. Finally, HSBC upgraded shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a research note on Friday, July 19th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $5.20.

Ultrapar Participações Company 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.