Ultrapar Participacoes (NYSE:UGP) Stock: Insider Andre Saleme Hachem Sells 39,200 Shares

Ultrapar Participacoes S.A. (NYSE:UGP) CFO Andre Saleme Hachem sold 39,200 shares of the business’s stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $7.67, for a total transaction of $300,664.00. Following the sale, the chief financial officer owned 25,675 shares in the company, valued at $196,927.25. This trade represents a 60.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Andre Saleme Hachem also recently made the following trade(s):

• On Tuesday, August 18th, Andre Saleme Hachem sold 585 shares of Ultrapar Participacoes stock. The shares were sold at an average price of $6.51, for a total value of $3,808.35.

Ultrapar Participacoes Price Performance

UGP stock opened at $7.49 on Friday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.64 and a quick ratio of 1.26. The firm has a market capitalization of $8.35 billion, a P/E ratio of 12.27, a P/E/G ratio of 0.43 and a beta of 0.73. The business’s 50-day moving average is $6.75 and its two-hundred day moving average is $5.90. Ultrapar Participacoes S.A. has a 1 year low of $3.60 and a 1 year high of $7.78.

Ultrapar Participacoes (NYSE:UGP) last released its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $8 billion during the quarter, compared to analysts’ expectations of $8.18 billion. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%. Analysts anticipate that Ultrapar Participacoes S.A. will post 0.84 earnings per share for the current fiscal year.

Ultrapar Participacoes Announces Dividend

The company also recently declared a dividend, which was paid on Monday, September 14th. Investors of record on Wednesday, August 26th were paid a dividend of $0.1932 per share. This represents a yield of 599.0%. The ex-dividend date was Wednesday, August 26th. Ultrapar Participacoes’s dividend payout ratio (DPR) is currently 50.82%.

Analyst Upgrades and Downgrades

Several analysts have commented on UGP shares. Scotiabank downgraded Ultrapar Participacoes from a “sector outperform” rating to a “hold” rating in a research note on Thursday, September 17th. The Goldman Sachs Group lowered their target price on Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating on the stock in a research note on Wednesday, August 26th. Weiss Ratings raised Ultrapar Participacoes from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday. UBS Group upped their price target on Ultrapar Participacoes from $7.20 to $7.90 and gave the stock a “buy” rating in a research note on Friday, September 4th. Finally, Bank of America raised Ultrapar Participacoes from a “neutral” rating to a “buy” rating and increased their price target for the stock from $6.80 to $7.40 in a report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, Ultrapar Participacoes currently has a consensus rating of “Moderate Buy” and a consensus target price of $6.54.

Institutional Investors Weigh In On Ultrapar Participacoes

Institutional investors have recently modified their holdings of the company. Corient Private Wealth LP lifted its holdings in shares of Ultrapar Participacoes by 2.7% during the 2nd quarter. Corient Private Wealth LP now owns 62,497 shares of the oil and gas company’s stock valued at $314,000 after acquiring an additional 1,651 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in Ultrapar Participacoes by 2.8% during the 1st quarter. Sequoia Financial Advisors LLC now owns 64,807 shares of the oil and gas company’s stock worth $357,000 after purchasing an additional 1,784 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Ultrapar Participacoes by 45.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 1,982 shares in the last quarter. Hsbc Holdings PLC raised its position in Ultrapar Participacoes by 0.7% in the first quarter. Hsbc Holdings PLC now owns 450,668 shares of the oil and gas company’s stock valued at $2,483,000 after purchasing an additional 3,050 shares during the period. Finally, Sei Investments Co. raised its position in Ultrapar Participacoes by 6.0% in the first quarter. Sei Investments Co. now owns 84,176 shares of the oil and gas company’s stock valued at $464,000 after purchasing an additional 4,779 shares during the period. Hedge funds and other institutional investors own 3.58% of the company’s stock.

About Ultrapar Participacoes

Ultrapar Participações SA is a Brazilian holding company with operations focused on fuel distribution, liquefied petroleum gas and bulk liquid storage. The company traces its origins to 1937, when it was established as Companhia Brasileira de Gás a Domicílio, the predecessor of Ultragaz. Ultrapar’s American depositary shares trade on the New York Stock Exchange under the symbol UGP.

Its principal businesses include Ipiranga, a fuel distribution company that supplies gasoline, ethanol, diesel and other fuels through a nationwide network of service stations.