Ultrapar Participacoes (NYSE:UGP) CEO Decio De Sampaio Amaral Sells 8,000 Shares

Ultrapar Participacoes S.A. (NYSE:UGP) CEO Decio De Sampaio Amaral sold 8,000 shares of Ultrapar Participacoes stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $6.93, for a total transaction of $55,440.00. Following the transaction, the chief executive officer owned 151,432 shares in the company, valued at approximately $1,049,423.76. The trade was a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Ultrapar Participacoes Stock Up 0.2%

Shares of Ultrapar Participacoes stock traded up $0.01 during midday trading on Thursday, hitting $7.14. The company’s stock had a trading volume of 943,896 shares, compared to its average volume of 3,009,677. Ultrapar Participacoes S.A. has a 1-year low of $3.58 and a 1-year high of $7.25. The company has a quick ratio of 1.26, a current ratio of 1.64 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $7.97 billion, a P/E ratio of 11.73, a PEG ratio of 0.41 and a beta of 0.73. The stock has a 50-day simple moving average of $6.11 and a 200-day simple moving average of $5.64.

Ultrapar Participacoes (NYSE:UGP) last posted its quarterly earnings results on Wednesday, August 12th. The oil and gas company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%. The business had revenue of $8 billion during the quarter, compared to analysts’ expectations of $8.18 billion. As a group, sell-side analysts expect that Ultrapar Participacoes S.A. will post 0.78 earnings per share for the current year.

Ultrapar Participacoes Dividend Announcement

The firm also recently announced a dividend, which will be paid on Monday, September 14th. Shareholders of record on Wednesday, August 26th will be paid a $0.1932 dividend. The ex-dividend date is Wednesday, August 26th. This represents a yield of 599.0%. Ultrapar Participacoes’s payout ratio is 49.18%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in Ultrapar Participacoes by 10.9% in the 1st 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. JPMorgan Chase & Co. grew its position in shares of Ultrapar Participacoes by 75.2% in the second quarter. JPMorgan Chase & Co. now owns 1,878,904 shares of the oil and gas company’s stock valued at $6,163,000 after purchasing an additional 806,463 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Ultrapar Participacoes by 100.8% in the second quarter. Franklin Resources Inc. now owns 22,832 shares of the oil and gas company’s stock valued at $75,000 after purchasing an additional 11,461 shares during the last quarter. Invesco Ltd. increased its stake in shares of Ultrapar Participacoes by 80.9% in the second quarter. Invesco Ltd. now owns 177,847 shares of the oil and gas company’s stock worth $583,000 after purchasing an additional 79,524 shares during the period. Finally, Sei Investments Co. increased its stake in shares of Ultrapar Participacoes by 26.6% in the second quarter. Sei Investments Co. now owns 66,997 shares of the oil and gas company’s stock worth $220,000 after purchasing an additional 14,060 shares during the period. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on UGP. Wall Street Zen upgraded shares of Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. UBS Group lifted their price objective on shares of Ultrapar Participacoes from $7.00 to $7.20 and gave the company a “buy” rating in a research note on Wednesday, June 17th. Bank of America upgraded shares of Ultrapar Participacoes from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $6.80 to $7.40 in a report on Wednesday, July 8th. The Goldman Sachs Group lowered their target price on shares of Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating on the stock in a research report on Wednesday, August 26th. Finally, Weiss Ratings raised shares of Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $6.40.

About Ultrapar Participacoes

Ultrapar Participações SA is a Brazilian diversified holding company operating in the downstream energy and chemical sectors. Its Ipiranga unit runs one of Brazil’s largest networks of fuel stations, supplying gasoline, ethanol, diesel and convenience-store products to retail and wholesale customers. Through Ultragaz, the company is a leading distributor of liquefied petroleum gas (LPG), offering cylinder and bulk gas solutions for residential, commercial and industrial use across urban and rural regions.

In the specialty chemicals arena, Ultrapar controls Oxiteno, which produces surfactants and specialty chemical formulations for industries such as personal care, oil and gas, agrochemicals and coatings.