Dynamic Technology Lab Private Ltd lifted its position in shares of Ultrapar Participações S.A. (NYSE:UGP – Free Report) by 65.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,974 shares of the oil and gas company’s stock after purchasing an additional 37,982 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Ultrapar Participações were worth $520,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Blue Trust Inc. increased its stake in shares of Ultrapar Participações by 254.7% in the fourth quarter. Blue Trust Inc. now owns 5,796 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 4,162 shares in the last quarter. TCG Advisory Services LLC bought a new position in shares of Ultrapar Participações during the fourth quarter worth about $62,000. SG Americas Securities LLC raised its holdings in shares of Ultrapar Participações by 99.2% in the fourth quarter. SG Americas Securities LLC now owns 38,321 shares of the oil and gas company’s stock valued at $208,000 after purchasing an additional 19,080 shares during the last quarter. KLR Investment Advisors LLC bought a new position in shares of Ultrapar Participações in the 4th quarter valued at about $111,000. Finally, Aprio Wealth Management LLC bought a new position in Ultrapar Participações in the fourth quarter valued at approximately $125,000. 3.58% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
UGP has been the topic of several recent analyst reports. Itau BBA Securities lowered shares of Ultrapar Participações from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group raised their price objective on Ultrapar Participações from $5.30 to $6.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Finally, StockNews.com lowered Ultrapar Participações from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $4.37.
Read Our Latest Stock Report on Ultrapar Participações
Ultrapar Participações Stock Performance
UGP opened at $4.65 on Friday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.68 and a quick ratio of 1.23. The company has a market capitalization of $5.19 billion, a PE ratio of 9.69, a price-to-earnings-growth ratio of 1.07 and a beta of 1.63. The business has a fifty day simple moving average of $5.25 and a 200 day simple moving average of $5.42. Ultrapar Participações S.A. has a 1 year low of $3.24 and a 1 year high of $6.34.
Ultrapar Participações (NYSE:UGP – Get Free Report) last released its quarterly earnings results on Wednesday, February 28th. The oil and gas company reported $0.20 EPS for the quarter. The business had revenue of $6.75 billion for the quarter. Ultrapar Participações had a net margin of 2.07% and a return on equity of 19.30%. Research analysts expect that Ultrapar Participações S.A. will post 0.34 EPS for the current year.
Ultrapar Participações Increases Dividend
The business also recently declared a semi-annual dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 11th were given a $0.0723 dividend. The ex-dividend date was Friday, March 8th. This represents a dividend yield of 2%. This is a boost from Ultrapar Participações’s previous semi-annual dividend of $0.05. Ultrapar Participações’s dividend payout ratio (DPR) is presently 29.17%.
About Ultrapar Participações
(Free Report)
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.
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