Ultrapar Participacoes S.A. $UGP Position Increased by Signaturefd LLC

Signaturefd LLC lifted its holdings in Ultrapar Participacoes S.A. (NYSE:UGP) by 53.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 28,719 shares of the oil and gas company’s stock after buying an additional 10,023 shares during the quarter. Signaturefd LLC’s holdings in Ultrapar Participacoes were worth $94,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC raised its stake in 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 acquiring an additional 3,380 shares during the period. Regatta Capital Group LLC bought a new position in shares of Ultrapar Participacoes during the second quarter valued at approximately $41,000. Ballentine Partners LLC acquired a new stake in shares of Ultrapar Participacoes during the 1st quarter worth approximately $45,000. Wealthquest Corp acquired a new stake in shares of Ultrapar Participacoes during the 1st quarter worth approximately $45,000. Finally, Inspire Investing LLC bought a new stake in shares of Ultrapar Participacoes in the 1st quarter worth approximately $53,000. 3.58% of the stock is owned by institutional investors and hedge funds.

Ultrapar Participacoes Price Performance

Shares of NYSE UGP opened at $3.92 on Friday. The stock has a market cap of $4.37 billion, a P/E ratio of 8.70, a P/E/G ratio of 2.04 and a beta of 1.13. The firm’s 50-day simple moving average is $3.55 and its 200 day simple moving average is $3.22. Ultrapar Participacoes S.A. has a fifty-two week low of $2.53 and a fifty-two week high of $4.16. The company has a quick ratio of 1.38, a current ratio of 1.82 and a debt-to-equity ratio of 0.84.

Ultrapar Participacoes Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Monday, September 8th. Stockholders of record on Monday, August 25th were paid a $0.0555 dividend. This represents a dividend yield of 360.0%. The ex-dividend date of this dividend was Monday, August 25th. Ultrapar Participacoes’s dividend payout ratio is currently 22.22%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on UGP shares. The Goldman Sachs Group upped their price objective on Ultrapar Participacoes from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Friday, September 26th. Zacks Research raised shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Scotiabank upgraded shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research 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 report on Friday, August 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ultrapar Participacoes in a research note on Saturday, September 27th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $4.50.

Ultrapar Participacoes 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.