17,364 Shares in Ultrapar Participacoes S.A. $UGP Purchased by Inspire Investing LLC

Inspire Investing LLC bought a new position in shares of Ultrapar Participacoes S.A. (NYSE:UGP) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 17,364 shares of the oil and gas company’s stock, valued at approximately $53,000.

A number of other large investors have also recently added to or reduced their stakes in UGP. Polunin Capital Partners Ltd purchased a new stake in Ultrapar Participacoes in the first quarter valued at approximately $26,736,000. Two Sigma Investments LP increased its position in shares of Ultrapar Participacoes by 58.2% during the fourth quarter. Two Sigma Investments LP now owns 1,654,373 shares of the oil and gas company’s stock worth $4,351,000 after acquiring an additional 608,951 shares during the period. Millennium Management LLC increased its holdings in Ultrapar Participacoes by 76.4% in the fourth quarter. Millennium Management LLC now owns 1,175,452 shares of the oil and gas company’s stock valued at $3,091,000 after buying an additional 509,037 shares during the last quarter. Wellington Management Group LLP increased its holdings in Ultrapar Participacoes by 162.2% in the fourth quarter. Wellington Management Group LLP now owns 599,642 shares of the oil and gas company’s stock valued at $1,577,000 after buying an additional 370,960 shares during the last quarter. Finally, Raiffeisen Bank International AG purchased a new position in shares of Ultrapar Participacoes during the first quarter worth about $831,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Ultrapar Participacoes Stock Up 0.6%

Shares of Ultrapar Participacoes stock opened at $3.98 on Friday. The company has a current ratio of 1.82, a quick ratio of 1.38 and a debt-to-equity ratio of 0.84. The company has a fifty day moving average price of $3.33 and a 200 day moving average price of $3.14. The stock has a market cap of $4.43 billion, a price-to-earnings ratio of 8.83, a price-to-earnings-growth ratio of 3.90 and a beta of 1.11. Ultrapar Participacoes S.A. has a twelve month low of $2.53 and a twelve month high of $4.18.

Ultrapar Participacoes Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 25th were issued a dividend of $0.0555 per share. This represents a yield of 360.0%. The ex-dividend date was Monday, August 25th. Ultrapar Participacoes’s dividend payout ratio (DPR) is presently 22.22%.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on UGP shares. Scotiabank raised Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a report on Monday, July 28th. Wall Street Zen upgraded shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Two investment analysts have rated the stock with a Strong Buy rating and three have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $3.20.

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.