Ultrapar Participacoes (NYSE:UGP) Insider Sells $227,400.00 in Stock

Ultrapar Participacoes S.A. (NYSE:UGP) insider Pedro Guedes Rabelo sold 30,000 shares of the company’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $7.58, for a total value of $227,400.00. Following the transaction, the insider directly owned 57,898 shares of the company’s stock, valued at $438,866.84. This represents a 34.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Ultrapar Participacoes Trading Up 1.5%

NYSE UGP opened at $7.55 on Thursday. Ultrapar Participacoes S.A. has a 52 week low of $3.60 and a 52 week high of $7.63. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.26 and a current ratio of 1.64. The stock’s 50 day moving average price is $6.56 and its two-hundred day moving average price is $5.79. The stock has a market capitalization of $8.43 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 0.42 and a beta of 0.73.

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

Ultrapar Participacoes Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Bank of America upgraded Ultrapar Participacoes from a “neutral” rating to a “buy” rating and raised their price target for the company from $6.80 to $7.40 in a research note on Wednesday, July 8th. Weiss Ratings upgraded shares of Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. UBS Group raised their price objective on Ultrapar Participacoes from $7.20 to $7.90 and gave the company a “buy” rating in a research report on Friday, September 4th. Finally, The Goldman Sachs Group reduced their target price on Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating for the company in a research note on Wednesday, August 26th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $6.54.

Institutional Trading of Ultrapar Participacoes

A number of hedge funds have recently modified their holdings of UGP. Allianz Asset Management GmbH acquired a new position in shares of Ultrapar Participacoes in the second quarter valued at about $6,704,000. Banco BTG Pactual S.A. acquired a new position in Ultrapar Participacoes in the fourth quarter valued at about $2,631,000. Arrowstreet Capital Limited Partnership grew its stake in Ultrapar Participacoes by 235.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 927,216 shares of the oil and gas company’s stock worth $5,109,000 after buying an additional 650,988 shares in the last quarter. Capital Innovations LLC bought a new position in Ultrapar Participacoes in the 4th quarter valued at about $1,528,000. Finally, Renaissance Technologies LLC increased its holdings in Ultrapar Participacoes by 10.6% in the 1st quarter. Renaissance Technologies LLC now owns 3,740,700 shares of the oil and gas company’s stock valued at $20,611,000 after buying an additional 357,922 shares during the period. Institutional investors and hedge funds own 3.58% of the company’s stock.

Ultrapar Participacoes Company Profile

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.