Wealthstream Advisors Inc. Takes Position in Ultrapar Participacoes S.A. $UGP

Wealthstream Advisors Inc. purchased a new stake in Ultrapar Participacoes S.A. (NYSE:UGP) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,041 shares of the oil and gas company’s stock, valued at approximately $46,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UGP. CWM LLC raised its position in shares of Ultrapar Participacoes by 55.6% in the 1st 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 in the last quarter. Blue Trust Inc. boosted its stake in Ultrapar Participacoes by 27.6% during the 2nd quarter. Blue Trust Inc. now owns 16,425 shares of the oil and gas company’s stock valued at $54,000 after purchasing an additional 3,554 shares during the last quarter. PDS Planning Inc raised its position in Ultrapar Participacoes by 28.7% in the 1st quarter. PDS Planning Inc now owns 26,109 shares of the oil and gas company’s stock valued at $80,000 after buying an additional 5,817 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in Ultrapar Participacoes by 12.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 59,097 shares of the oil and gas company’s stock worth $194,000 after purchasing an additional 6,702 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Ultrapar Participacoes by 10.9% during the first quarter. AQR Capital Management LLC now owns 70,838 shares of the oil and gas company’s stock worth $218,000 after acquiring an additional 6,947 shares during the period. Institutional investors and hedge funds own 3.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on UGP shares. The Goldman Sachs Group lifted their price target on shares of Ultrapar Participacoes from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Friday, September 26th. Scotiabank upgraded Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 28th. Zacks Research raised Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. Wall Street Zen raised shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Ultrapar Participacoes in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Ultrapar Participacoes has an average rating of “Buy” and a consensus target price of $4.50.

Ultrapar Participacoes Price Performance

UGP stock opened at $3.88 on Monday. Ultrapar Participacoes S.A. has a 52-week low of $2.53 and a 52-week high of $4.16. The firm has a market capitalization of $4.32 billion, a price-to-earnings ratio of 8.61, a PEG ratio of 2.01 and a beta of 1.13. The firm has a 50 day moving average price of $3.71 and a 200-day moving average price of $3.28. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.38 and a current ratio of 1.82.

Ultrapar Participacoes Cuts Dividend

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