Quantbot Technologies LP Boosts Position in Ultrapar Participações S.A. (NYSE:UGP)

Quantbot Technologies LP raised its stake in Ultrapar Participações S.A. (NYSE:UGP) by 78.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 68,392 shares of the oil and gas company’s stock after purchasing an additional 29,968 shares during the period. Quantbot Technologies LP’s holdings in Ultrapar Participações were worth $180,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. BNP Paribas Financial Markets increased its position in Ultrapar Participações by 71.8% during the third quarter. BNP Paribas Financial Markets now owns 67,914 shares of the oil and gas company’s stock worth $264,000 after buying an additional 28,379 shares during the period. Point72 Asset Management L.P. purchased a new stake in shares of Ultrapar Participações in the third quarter valued at about $1,595,000. SG Americas Securities LLC acquired a new stake in shares of Ultrapar Participações during the fourth quarter worth about $374,000. JPMorgan Chase & Co. lifted its position in Ultrapar Participações by 194.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 159,142 shares of the oil and gas company’s stock worth $617,000 after acquiring an additional 105,133 shares during the period. Finally, QRG Capital Management Inc. grew its stake in shares of Ultrapar Participações by 38.1% in the 4th quarter. QRG Capital Management Inc. now owns 20,609 shares of the oil and gas company’s stock valued at $54,000 after purchasing an additional 5,687 shares during the last quarter. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on UGP. 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 research note on Friday, January 31st. Hsbc Global Res upgraded Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. HSBC raised shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. upgraded shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Finally, Scotiabank upgraded Ultrapar Participações to a “hold” rating in a report on Friday, December 27th. Three research 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $3.20.

Ultrapar Participações Stock Up 0.2 %

UGP opened at $3.12 on Monday. The firm has a market cap of $3.47 billion, a P/E ratio of 6.77, a PEG ratio of 2.39 and a beta of 1.42. The business’s fifty day simple moving average is $2.91 and its 200 day simple moving average is $3.17. Ultrapar Participações S.A. has a 52 week low of $2.53 and a 52 week high of $5.85. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76.

Ultrapar Participações Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a dividend of $0.0774 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a dividend yield of 3.8%. Ultrapar Participações’s dividend payout ratio (DPR) is presently 33.33%.

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.