Ultrapar Participacoes S.A. (NYSE:UGP) Stock Short Interest Report for September

Ultrapar Participacoes S.A. (NYSE:UGP) was the recipient of a significant growth in short interest during the month of September. As of September 30th, there was short interest totaling 7,208,171 shares, a growth of 61.2% from the September 15th total of 4,472,882 shares. Based on an average daily volume of 4,120,831 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.7% of the company’s stock are short sold.

Insiders Place Their Bets

In other Ultrapar Participacoes news, CEO Decio De Sampaio Amaral sold 8,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $6.93, for a total value of $55,440.00. Following the transaction, the chief executive officer directly owned 151,432 shares of the company’s stock, valued at approximately $1,049,423.76. This trade represents a 5.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Andre Saleme Hachem sold 39,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $7.67, for a total transaction of $300,664.00. Following the completion of the transaction, the chief financial officer directly owned 25,675 shares in the company, valued at approximately $196,927.25. The trade was a 60.42% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 77,785 shares of company stock valued at $587,312. 1.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. TD Waterhouse Canada Inc. purchased a new position in Ultrapar Participacoes during the 3rd quarter valued at approximately $1,108,000. Western Financial Corp CA bought a new position in Ultrapar Participacoes during the third quarter valued at $142,000. Plan A Wealth LLC grew its holdings in Ultrapar Participacoes by 24.3% during the 3rd quarter. Plan A Wealth LLC now owns 15,620 shares of the oil and gas company’s stock valued at $114,000 after purchasing an additional 3,050 shares during the last quarter. Engineers Gate Manager LP raised its holdings in shares of Ultrapar Participacoes by 419.7% in the second quarter. Engineers Gate Manager LP now owns 257,957 shares of the oil and gas company’s stock worth $1,295,000 after buying an additional 208,319 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in Ultrapar Participacoes in the second quarter worth $212,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on UGP shares. Scotiabank downgraded shares of Ultrapar Participacoes from a “sector outperform” rating to a “hold” rating in a research report on Thursday, September 17th. UBS Group lifted their price target on shares of Ultrapar Participacoes from $7.20 to $7.90 and gave the stock a “buy” rating in a research note on Friday, September 4th. Bank of America raised shares of Ultrapar Participacoes from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $6.80 to $7.40 in a research report on Wednesday, July 8th. 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. Finally, Zacks Research upgraded Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Thursday. 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 stock. According to MarketBeat.com, Ultrapar Participacoes currently has an average rating of “Moderate Buy” and a consensus target price of $6.54.

Ultrapar Participacoes Stock Up 2.0%

UGP stock opened at $7.79 on Friday. Ultrapar Participacoes has a twelve month low of $3.60 and a twelve month high of $8.28. The company has a quick ratio of 1.26, a current ratio of 1.64 and a debt-to-equity ratio of 0.74. The stock has a market cap of $8.70 billion, a P/E ratio of 12.78, a PEG ratio of 0.44 and a beta of 0.71. The business’s 50-day moving average price is $7.15 and its 200-day moving average price is $6.17.

Ultrapar Participacoes (NYSE:UGP) last announced 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. The company had revenue of $8 billion during the quarter, compared to the consensus estimate of $8.18 billion. Ultrapar Participacoes had a return on equity of 18.84% and a net margin of 2.28%. On average, equities research analysts forecast that Ultrapar Participacoes will post 0.84 EPS for the current 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%.

About Ultrapar Participacoes

Ultrapar Participações SA is a Brazilian holding company with operations focused on energy, fuel distribution and logistics. Through its businesses, the company supplies fuels, liquefied petroleum gas (LPG) and related services to consumers, commercial customers and industrial clients.

Its principal businesses include Ipiranga, one of Brazil’s major fuel distribution companies, and Ultragaz, which distributes LPG for residential, commercial and industrial use. Ultrapar also owns Ultracargo, a provider of storage and handling services for liquid bulk products, including fuels, chemicals and other industrial materials.

Ultrapar’s operations are concentrated primarily in Brazil, with activities supported by distribution networks, terminals and storage infrastructure across key regions of the country.