American Century Companies Inc. Sells 106,357 Shares of Ultrapar Participações S.A. (NYSE:UGP)

American Century Companies Inc. lowered its position in shares of Ultrapar Participações S.A. (NYSE:UGP) by 6.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,449,974 shares of the oil and gas company’s stock after selling 106,357 shares during the quarter. American Century Companies Inc.’s holdings in Ultrapar Participações were worth $5,669,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of UGP. Acadian Asset Management LLC lifted its position in shares of Ultrapar Participações by 175.6% during the 1st quarter. Acadian Asset Management LLC now owns 3,471,048 shares of the oil and gas company’s stock worth $19,850,000 after buying an additional 2,211,696 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in shares of Ultrapar Participações in the 2nd quarter worth approximately $5,887,000. US Bancorp DE raised its holdings in shares of Ultrapar Participações by 1,497.3% in the 4th quarter. US Bancorp DE now owns 153,473 shares of the oil and gas company’s stock worth $832,000 after purchasing an additional 143,865 shares during the period. O Shaughnessy Asset Management LLC raised its holdings in shares of Ultrapar Participações by 60.0% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 356,835 shares of the oil and gas company’s stock worth $2,041,000 after purchasing an additional 133,791 shares during the period. Finally, Longfellow Investment Management Co. LLC raised its holdings in shares of Ultrapar Participações by 27.3% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 441,527 shares of the oil and gas company’s stock worth $1,726,000 after purchasing an additional 94,761 shares during the period. Institutional investors own 3.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on UGP shares. StockNews.com cut shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Saturday. Citigroup raised shares of Ultrapar Participações from a “neutral” rating to a “buy” rating in a report on Friday, June 14th. HSBC raised shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a report on Friday, July 19th. The Goldman Sachs Group lowered their price target on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a report on Tuesday, July 23rd. Finally, Hsbc Global Res upgraded shares of Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research note on Friday, July 19th. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $5.20.

Ultrapar Participações Stock Up 3.1 %

Ultrapar Participações stock opened at $3.93 on Wednesday. Ultrapar Participações S.A. has a 1-year low of $3.39 and a 1-year high of $6.34. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 8.19, a P/E/G ratio of 2.98 and a beta of 1.61. The company has a current ratio of 1.55, a quick ratio of 1.16 and a debt-to-equity ratio of 0.77. The firm has a 50 day simple moving average of $4.14 and a 200 day simple moving average of $4.60.

Ultrapar Participações (NYSE:UGP) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. The business had revenue of $6.21 billion during the quarter. On average, analysts predict that Ultrapar Participações S.A. will post 0.34 earnings per share for the current year.

Ultrapar Participações Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were given a dividend of $0.0446 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a dividend yield of 2.7%. Ultrapar Participações’s dividend payout ratio (DPR) is currently 16.67%.

Ultrapar Participações Company Profile

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.