Ultrapar Participacoes S.A. $UGP Shares Newly Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. purchased a new stake in Ultrapar Participacoes S.A. (NYSE:UGP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 114,945 shares of the oil and gas company’s stock, valued at approximately $841,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Allianz Asset Management GmbH bought a new stake in shares of Ultrapar Participacoes during the 2nd quarter valued at about $6,704,000. Arrowstreet Capital Limited Partnership increased its position in shares of Ultrapar Participacoes by 235.7% in 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 purchasing an additional 650,988 shares during the last quarter. Renaissance Technologies LLC raised its stake in Ultrapar Participacoes by 10.6% in the first quarter. Renaissance Technologies LLC now owns 3,740,700 shares of the oil and gas company’s stock valued at $20,611,000 after purchasing an additional 357,922 shares in the last quarter. Diversify Advisory Services LLC purchased a new stake in Ultrapar Participacoes in the third quarter valued at approximately $2,733,000. Finally, Dimensional Fund Advisors LP raised its stake in Ultrapar Participacoes by 42.7% in the first quarter. Dimensional Fund Advisors LP now owns 945,625 shares of the oil and gas company’s stock valued at $5,210,000 after purchasing an additional 282,887 shares in the last quarter. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Insider Activity at Ultrapar Participacoes

In related news, CFO Andre Saleme Hachem sold 39,200 shares of Ultrapar Participacoes stock in a transaction 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 transaction, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 completion of the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 77,785 shares of company stock valued at $587,312. Insiders own 1.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. UBS Group lifted their target price on shares of Ultrapar Participacoes from $7.20 to $7.90 and gave the company a “buy” rating in a research report on Friday, September 4th. Weiss Ratings lowered shares of Ultrapar Participacoes from a “buy (b)” rating to a “buy (b-)” rating in a 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 dropped their price objective on shares of Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating for the company in a report on Wednesday, August 26th. Finally, Scotiabank downgraded shares of Ultrapar Participacoes from a “sector outperform” rating to a “hold” rating in a report on Thursday, September 17th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Ultrapar Participacoes presently has a consensus rating of “Moderate Buy” and an average target price of $6.54.

Ultrapar Participacoes Stock Down 0.1%

Shares of UGP opened at $5.42 on Monday. The firm has a market cap of $6.04 billion, a P/E ratio of 8.88, a P/E/G ratio of 0.29 and a beta of 0.85. The stock has a 50 day simple moving average of $7.18 and a two-hundred day simple moving average of $5.95. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.64 and a quick ratio of 1.26. Ultrapar Participacoes S.A. has a 1 year low of $3.60 and a 1 year high of $8.28.

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. The firm had revenue of $8 billion for the quarter, compared to the consensus estimate of $8.18 billion. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%. On average, analysts forecast that Ultrapar Participacoes S.A. will post 0.86 earnings per share for the current fiscal year.

Ultrapar Participacoes Dividend Announcement

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

Ultrapar Participacoes Company Profile

Ultrapar Participações SA is a Brazilian holding company with businesses focused on fuel distribution, liquefied petroleum gas (LPG) and bulk liquid storage. Its operations serve customers across Brazil, including consumers, businesses and industrial clients.

The company’s main businesses include Ipiranga, which distributes and markets fuels and related products, and Ultragaz, a supplier of LPG for residential, commercial and industrial use. Through Ultracargo, Ultrapar also provides storage and handling services for bulk liquids, including fuels and chemicals.

Ultrapar traces its origins to 1937, when entrepreneur Ernesto Igel founded the business that became Ultragaz.