Credit Suisse AG cut its position in Ultrapar Participações S.A. (NYSE:UGP – Free Report) by 4.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 991,996 shares of the oil and gas company’s stock after selling 50,002 shares during the quarter. Credit Suisse AG owned approximately 0.09% of Ultrapar Participações worth $2,708,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in UGP. Millennium Management LLC raised its holdings in Ultrapar Participações by 194.0% in the fourth quarter. Millennium Management LLC now owns 2,266,762 shares of the oil and gas company’s stock worth $5,486,000 after purchasing an additional 1,495,832 shares in the last quarter. State Street Corp raised its holdings in Ultrapar Participações by 85.3% in the third quarter. State Street Corp now owns 2,199,348 shares of the oil and gas company’s stock worth $4,817,000 after purchasing an additional 1,012,518 shares in the last quarter. Marshall Wace LLP increased its holdings in shares of Ultrapar Participações by 264.1% during the third quarter. Marshall Wace LLP now owns 1,307,919 shares of the oil and gas company’s stock valued at $2,864,000 after acquiring an additional 948,695 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Ultrapar Participações by 167.8% during the fourth quarter. American Century Companies Inc. now owns 710,663 shares of the oil and gas company’s stock valued at $1,720,000 after acquiring an additional 445,303 shares in the last quarter. Finally, Advisor Group Holdings Inc. increased its holdings in shares of Ultrapar Participações by 23,329.5% during the fourth quarter. Advisor Group Holdings Inc. now owns 340,665 shares of the oil and gas company’s stock valued at $824,000 after acquiring an additional 339,211 shares in the last quarter. 3.50% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
UGP has been the topic of several recent analyst reports. Citigroup downgraded shares of Ultrapar Participações from a “buy” rating to a “neutral” rating in a report on Tuesday, May 23rd. StockNews.com assumed coverage on Ultrapar Participações in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. Finally, HSBC lowered Ultrapar Participações from a “buy” rating to a “hold” rating and upped their target price for the company from $3.00 to $3.80 in a research report on Friday, June 23rd. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Ultrapar Participações presently has a consensus rating of “Hold” and an average target price of $3.80.
Ultrapar Participações Price Performance
Shares of NYSE UGP opened at $3.68 on Friday. The business’s 50 day moving average price is $3.84 and its 200 day moving average price is $3.30. The firm has a market cap of $4.10 billion, a P/E ratio of 15.33, a P/E/G ratio of 4.81 and a beta of 1.25. Ultrapar Participações S.A. has a 52 week low of $2.13 and a 52 week high of $4.11. The company has a quick ratio of 1.53, a current ratio of 1.97 and a debt-to-equity ratio of 0.91.
Ultrapar Participações (NYSE:UGP – Get Free Report) last issued its quarterly earnings data on Wednesday, August 9th. The oil and gas company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The firm had revenue of $5.98 billion for the quarter. Ultrapar Participações had a return on equity of 12.02% and a net margin of 1.01%. On average, sell-side analysts expect that Ultrapar Participações S.A. will post 0.23 earnings per share for the current year.
Ultrapar Participações Increases Dividend
The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 5th. Stockholders of record on Monday, August 21st will be paid a dividend of $0.0516 per share. This is a boost from Ultrapar Participações’s previous semi-annual dividend of $0.03. The ex-dividend date is Friday, August 18th. This represents a dividend yield of 1.7%. Ultrapar Participações’s dividend payout ratio (DPR) is presently 37.50%.
Ultrapar Participações Company Profile
Ultrapar Participações SA operates in the energy and infrastructure business in in Brazil, Europe, Singapore, the United States, Canada, other Latin American countries, and internationally. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers; and renewable electricity and compressed natural gas.
- Five stocks we like better than Ultrapar Participações
- How to Invest in Small Cap Stocks
- MarketBeat Week in Review – 8/28 – 9/1
- Why Are Stock Sectors Important to Successful Investing?
- 2 Stocks That Doubled EPS Estimates and Flashing Buy Signals
- 3 REITs to Buy and Hold for the Long Term
- Toyota vs Tesla: The Tortoise And The Hare Race Has A New Meaning
Receive News & Ratings for Ultrapar Participações Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultrapar Participações and related companies with MarketBeat.com's FREE daily email newsletter.