Ultrapar Participacoes S.A. $UGP Stock Holdings Lifted by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. increased its stake in Ultrapar Participacoes S.A. (NYSE:UGP) by 162.3% during the third quarter, Holdings Channel reports. The firm owned 180,500 shares of the oil and gas company’s stock after acquiring an additional 111,695 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Ultrapar Participacoes were worth $1,321,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Engineers Gate Manager LP increased its holdings in Ultrapar Participacoes by 419.7% in the 2nd quarter. Engineers Gate Manager LP now owns 257,957 shares of the oil and gas company’s stock valued at $1,295,000 after buying an additional 208,319 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Ultrapar Participacoes by 235.7% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 927,216 shares of the oil and gas company’s stock valued at $5,109,000 after buying an additional 650,988 shares in the last quarter. Allianz Asset Management GmbH acquired a new position in shares of Ultrapar Participacoes in the 2nd quarter valued at approximately $6,704,000. Renaissance Technologies LLC lifted its holdings in shares of Ultrapar Participacoes by 10.6% during the 1st quarter. Renaissance Technologies LLC now owns 3,740,700 shares of the oil and gas company’s stock worth $20,611,000 after acquiring an additional 357,922 shares during the period. Finally, Diversify Advisory Services LLC bought a new stake in shares of Ultrapar Participacoes during the 3rd quarter worth approximately $2,733,000. Institutional investors and hedge funds own 3.58% of the company’s stock.

Insider Buying and Selling at Ultrapar Participacoes

In other Ultrapar Participacoes news, CFO Andre Saleme Hachem sold 39,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $7.67, for a total value 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 filing with the SEC, which is available at this link. Also, insider Pedro Guedes Rabelo sold 30,000 shares of the business’s stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $7.58, for a total transaction of $227,400.00. Following the sale, the insider directly owned 57,898 shares in the company, valued at approximately $438,866.84. The trade was a 34.13% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 77,785 shares of company stock worth $587,312 over the last quarter. Corporate insiders own 1.80% of the company’s stock.

Ultrapar Participacoes Stock Down 15.3%

Shares of NYSE UGP opened at $6.55 on Tuesday. The company has a current ratio of 1.64, a quick ratio of 1.26 and a debt-to-equity ratio of 0.74. The company has a market cap of $7.31 billion, a price-to-earnings ratio of 10.75, a PEG ratio of 0.41 and a beta of 0.71. Ultrapar Participacoes S.A. has a 12 month low of $3.60 and a 12 month high of $8.28. The stock has a 50-day moving average price of $7.32 and a two-hundred day moving average price of $5.86.

Ultrapar Participacoes (NYSE:UGP) last posted its earnings results on Wednesday, August 12th. The oil and gas company reported $0.28 EPS for the quarter, topping 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 firm had revenue of $8 billion during the quarter, compared to analysts’ expectations of $8.18 billion. As a group, analysts forecast that Ultrapar Participacoes S.A. will post 0.87 earnings per share for the current fiscal year.

Ultrapar Participacoes Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, September 14th. Investors of record on Wednesday, August 26th were given 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 is currently 50.82%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. Scotiabank lowered shares of Ultrapar Participacoes from a “sector outperform” rating to a “hold” rating in a research report on Thursday, September 17th. Weiss Ratings downgraded shares of Ultrapar Participacoes from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Zacks Research upgraded shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 15th. The Goldman Sachs Group cut 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. Finally, JPMorgan Chase & Co. downgraded Ultrapar Participacoes from an “overweight” rating to a “neutral” rating in a report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Ultrapar Participacoes presently has an average rating of “Moderate Buy” and a consensus target price of $6.54.

About Ultrapar Participacoes

Ultrapar Participações SA is a Brazilian holding company whose businesses focus on fuel distribution, liquefied petroleum gas and transportation infrastructure. Through its subsidiaries, the company serves commercial, industrial, retail and residential customers, primarily in Brazil.

Ipiranga is Ultrapar’s fuel-distribution business, supplying gasoline, ethanol, diesel and other fuels through a network of service stations and commercial channels. Ultragaz distributes liquefied petroleum gas for household, commercial and industrial use, including bottled and bulk products.

Ultrapar also operates Ultracargo, a provider of liquid bulk storage and transportation infrastructure for fuels, chemicals and other products.