Ultrapar Participações S.A. (NYSE:UGP) Shares Purchased by Inspire Advisors LLC

Inspire Advisors LLC lifted its position in shares of Ultrapar Participações S.A. (NYSE:UGP) by 33.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 38,838 shares of the oil and gas company’s stock after buying an additional 9,794 shares during the period. Inspire Advisors LLC’s holdings in Ultrapar Participações were worth $151,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UGP. Acadian Asset Management LLC lifted its stake in Ultrapar Participações by 175.6% during the first quarter. Acadian Asset Management LLC now owns 3,471,048 shares of the oil and gas company’s stock worth $19,850,000 after purchasing an additional 2,211,696 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its stake in Ultrapar Participações by 60.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 356,835 shares of the oil and gas company’s stock valued at $2,041,000 after buying an additional 133,791 shares during the last quarter. Marshall Wace LLP lifted its stake in Ultrapar Participações by 332.6% in the second quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock valued at $5,591,000 after buying an additional 1,099,433 shares during the last quarter. Bleakley Financial Group LLC lifted its stake in Ultrapar Participações by 112.6% in the first quarter. Bleakley Financial Group LLC now owns 25,044 shares of the oil and gas company’s stock valued at $143,000 after buying an additional 13,262 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in Ultrapar Participações in the first quarter valued at $328,000. 3.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. The Goldman Sachs Group cut their target price on Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a research note on Tuesday, July 23rd. StockNews.com lowered Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. Hsbc Global Res raised Ultrapar Participações from a “strong sell” rating to a “hold” rating in a report on Friday, July 19th. Finally, HSBC raised Ultrapar Participações from a “reduce” rating to a “hold” rating in a report on Friday, July 19th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $5.20.

Ultrapar Participações Price Performance

NYSE:UGP opened at $3.66 on Monday. The business’s 50-day moving average price is $4.04 and its 200 day moving average price is $4.36. The firm has a market cap of $4.08 billion, a P/E ratio of 7.04, a PEG ratio of 2.62 and a beta of 1.60. Ultrapar Participações S.A. has a 52-week low of $3.63 and a 52-week high of $6.34. The company has a quick ratio of 1.16, a current ratio of 1.55 and a debt-to-equity ratio of 0.77.

Ultrapar Participações (NYSE:UGP) last posted its quarterly earnings data 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. The firm had revenue of $6.21 billion for the quarter. Ultrapar Participações had a return on equity of 20.24% and a net margin of 2.21%. As a group, sell-side analysts predict that Ultrapar Participações S.A. will post 0.34 earnings per share for the current fiscal year.

Ultrapar Participações Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a $0.0446 dividend. The ex-dividend date was Monday, August 19th. This represents a dividend yield of 2.7%. Ultrapar Participações’s dividend payout ratio is 15.38%.

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.