Regatta Capital Group LLC Buys New Shares in Ultrapar Participacoes S.A. $UGP

Regatta Capital Group LLC bought a new stake in Ultrapar Participacoes S.A. (NYSE:UGP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 12,475 shares of the oil and gas company’s stock, valued at approximately $41,000.

Several other hedge funds have also made changes to their positions in the stock. Polunin Capital Partners Ltd lifted its stake in shares of Ultrapar Participacoes by 8.9% in the second quarter. Polunin Capital Partners Ltd now owns 9,457,242 shares of the oil and gas company’s stock valued at $31,398,000 after buying an additional 776,808 shares during the period. American Century Companies Inc. lifted its stake in shares of Ultrapar Participacoes by 6.5% in the first quarter. American Century Companies Inc. now owns 1,892,257 shares of the oil and gas company’s stock valued at $5,828,000 after buying an additional 116,150 shares during the period. Two Sigma Investments LP lifted its stake in shares of Ultrapar Participacoes by 58.2% in the fourth quarter. Two Sigma Investments LP now owns 1,654,373 shares of the oil and gas company’s stock valued at $4,351,000 after buying an additional 608,951 shares during the period. Millennium Management LLC lifted its stake in shares of 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 period. Finally, Bank of America Corp DE lifted its stake in shares of Ultrapar Participacoes by 33.5% in the fourth quarter. Bank of America Corp DE now owns 986,220 shares of the oil and gas company’s stock valued at $2,594,000 after buying an additional 247,755 shares during the period. Institutional investors own 3.58% of the company’s stock.

Analysts Set New Price Targets

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

Ultrapar Participacoes Stock Performance

NYSE UGP opened at $3.98 on Friday. The firm has a market cap of $4.43 billion, a price-to-earnings ratio of 8.83, a PEG ratio of 2.15 and a beta of 1.11. The company has a 50 day moving average of $3.42 and a 200-day moving average of $3.18. The company has a current ratio of 1.82, a quick ratio of 1.38 and a debt-to-equity ratio of 0.84. Ultrapar Participacoes S.A. has a 1-year low of $2.53 and a 1-year high of $4.07.

Ultrapar Participacoes Cuts Dividend

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

About Ultrapar Participacoes

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.