Mount Yale Investment Advisors LLC Cuts Position in Ultrapar Participações S.A. (NYSE:UGP)

Mount Yale Investment Advisors LLC decreased its holdings in Ultrapar Participações S.A. (NYSE:UGP) by 44.4% in the second quarter, HoldingsChannel.com reports. The firm owned 64,405 shares of the oil and gas company’s stock after selling 51,370 shares during the quarter. Mount Yale Investment Advisors LLC’s holdings in Ultrapar Participações were worth $252,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Assetmark Inc. acquired a new stake in Ultrapar Participações in the 4th quarter valued at $46,000. Cutter & CO Brokerage Inc. purchased a new position in Ultrapar Participações in the 2nd quarter valued at about $57,000. D Orazio & Associates Inc. raised its holdings in shares of Ultrapar Participações by 30.3% during the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after acquiring an additional 3,498 shares during the last quarter. Blue Trust Inc. lifted its position in shares of Ultrapar Participações by 567.5% in the second quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock valued at $62,000 after acquiring an additional 13,461 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Ultrapar Participações in the first quarter worth approximately $80,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Stock Performance

NYSE:UGP opened at $3.93 on Wednesday. The company’s 50-day moving average is $4.14 and its two-hundred day moving average is $4.60. Ultrapar Participações S.A. has a 1-year low of $3.39 and a 1-year high of $6.34. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.16. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 8.19, a PEG ratio of 2.73 and a beta of 1.61.

Ultrapar Participações (NYSE:UGP) last posted its earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. Ultrapar Participações had a return on equity of 20.24% and a net margin of 2.21%. The company had revenue of $6.21 billion during the quarter. Analysts forecast that Ultrapar Participações S.A. will post 0.34 EPS for the current year.

Ultrapar Participações Cuts Dividend

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

Wall Street Analysts Forecast Growth

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

Ultrapar Participações 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.