JPMorgan Chase & Co. Purchases 1,215,605 Shares of Ultrapar Participações S.A. (NYSE:UGP)

JPMorgan Chase & Co. grew its holdings in Ultrapar Participações S.A. (NYSE:UGP) by 763.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,374,747 shares of the oil and gas company’s stock after acquiring an additional 1,215,605 shares during the period. JPMorgan Chase & Co. owned 0.12% of Ultrapar Participações worth $3,616,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Signaturefd LLC lifted its stake in shares of Ultrapar Participações by 23.0% during the 4th quarter. Signaturefd LLC now owns 19,705 shares of the oil and gas company’s stock valued at $52,000 after buying an additional 3,688 shares in the last quarter. QRG Capital Management Inc. lifted its holdings 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 worth $54,000 after acquiring an additional 5,687 shares during the last quarter. Sei Investments Co. boosted its position in shares of Ultrapar Participações by 27.9% during the fourth quarter. Sei Investments Co. now owns 31,534 shares of the oil and gas company’s stock valued at $83,000 after buying an additional 6,882 shares during the period. Jane Street Group LLC boosted its holdings in Ultrapar Participações by 26.0% during the 3rd quarter. Jane Street Group LLC now owns 48,712 shares of the oil and gas company’s stock valued at $189,000 after acquiring an additional 10,037 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Ultrapar Participações by 34.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 40,871 shares of the oil and gas company’s stock valued at $107,000 after purchasing an additional 10,368 shares during the period. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

Ultrapar Participações Stock Up 3.3 %

Shares of NYSE UGP opened at $2.98 on Monday. The firm has a market cap of $3.32 billion, a price-to-earnings ratio of 6.47, a price-to-earnings-growth ratio of 2.39 and a beta of 1.10. The company’s 50-day simple moving average is $2.95 and its 200-day simple moving average is $3.05. Ultrapar Participações S.A. has a 52-week low of $2.53 and a 52-week high of $5.37. 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 firm also recently announced 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. This represents a dividend yield of 3.8%. The ex-dividend date was Monday, March 10th. Ultrapar Participações’s payout ratio is 33.33%.

Analyst Upgrades and Downgrades

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

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.