194,100 Shares in Ultrapar Participacoes S.A. $UGP Purchased by Kapitalo Investimentos Ltda

Kapitalo Investimentos Ltda purchased a new stake in shares of Ultrapar Participacoes S.A. (NYSE:UGP) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 194,100 shares of the oil and gas company’s stock, valued at approximately $796,000.

Several other institutional investors have also recently made changes to their positions in the stock. Quadrature Capital Ltd bought a new stake in shares of Ultrapar Participacoes during the 2nd quarter worth approximately $45,000. Wealthstream Advisors Inc. bought a new position in shares of Ultrapar Participacoes in the second quarter valued at $46,000. Blue Trust Inc. increased its holdings in Ultrapar Participacoes by 27.6% during the second quarter. Blue Trust Inc. now owns 16,425 shares of the oil and gas company’s stock worth $54,000 after buying an additional 3,554 shares during the last quarter. R Squared Ltd bought a new stake in Ultrapar Participacoes during the second quarter worth $54,000. Finally, The Manufacturers Life Insurance Company acquired a new stake in Ultrapar Participacoes in the second quarter valued at $56,000. Institutional investors and hedge funds own 3.58% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded shares of Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. Based on data from MarketBeat.com, Ultrapar Participacoes presently has an average rating of “Strong Buy” and an average price target of $4.50.

Ultrapar Participacoes Stock Up 1.4%

UGP opened at $4.83 on Thursday. The stock’s fifty day simple moving average is $4.02 and its 200 day simple moving average is $3.77. Ultrapar Participacoes S.A. has a 1-year low of $2.64 and a 1-year high of $4.86. The stock has a market cap of $5.38 billion, a PE ratio of 10.27, a price-to-earnings-growth ratio of 1.86 and a beta of 0.86. The company has a current ratio of 1.83, a quick ratio of 1.40 and a debt-to-equity ratio of 0.83.

Ultrapar Participacoes Dividend Announcement

The business also recently announced a special dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were paid a dividend of $0.1876 per share. The ex-dividend date was Friday, December 12th. Ultrapar Participacoes’s dividend payout ratio (DPR) is currently 59.57%.

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.