Invesco Ltd. Increases Stake in Ultrapar Participacoes S.A. $UGP

Invesco Ltd. raised its holdings in shares of Ultrapar Participacoes S.A. (NYSE:UGP) by 15.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 98,323 shares of the oil and gas company’s stock after purchasing an additional 13,416 shares during the quarter. Invesco Ltd.’s holdings in Ultrapar Participacoes were worth $303,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. CWM LLC lifted its position in shares of Ultrapar Participacoes by 55.6% during the first quarter. CWM LLC now owns 9,463 shares of the oil and gas company’s stock worth $29,000 after purchasing an additional 3,380 shares during the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of Ultrapar Participacoes during the fourth quarter worth $29,000. Wolverine Trading LLC bought a new stake in shares of Ultrapar Participacoes during the fourth quarter worth $35,000. Wealthquest Corp bought a new stake in shares of Ultrapar Participacoes during the first quarter worth $45,000. Finally, Ballentine Partners LLC bought a new stake in shares of Ultrapar Participacoes during the first quarter worth $45,000. 3.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

UGP has been the subject of several research analyst reports. Scotiabank upgraded Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 28th. Wall Street Zen upgraded Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Two analysts have rated the stock with a Strong Buy rating and three have assigned a Buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $3.20.

Ultrapar Participacoes Stock Performance

Shares of Ultrapar Participacoes stock opened at $3.89 on Monday. The company has a market capitalization of $4.33 billion, a PE ratio of 8.63, a P/E/G ratio of 3.85 and a beta of 1.10. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.38 and a current ratio of 1.82. The company has a 50-day simple moving average of $3.23 and a two-hundred day simple moving average of $3.08. Ultrapar Participacoes S.A. has a one year low of $2.53 and a one year high of $4.36.

Ultrapar Participacoes Cuts Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, September 8th. Shareholders of record on Monday, August 25th will be issued a $0.0555 dividend. The ex-dividend date is Monday, August 25th. This represents a yield of 360.0%. Ultrapar Participacoes’s payout ratio is currently 22.22%.

Ultrapar Participacoes 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.