US Bancorp DE grew its position in Ultrapar Participações S.A. (NYSE:UGP – Free Report) by 2,519.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 103,454 shares of the oil and gas company’s stock after acquiring an additional 99,505 shares during the quarter. US Bancorp DE’s holdings in Ultrapar Participações were worth $282,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of UGP. Franklin Resources Inc. bought a new stake in shares of Ultrapar Participações in the 4th quarter worth approximately $26,000. Inspire Investing LLC bought a new stake in shares of Ultrapar Participações in the 1st quarter worth approximately $27,000. Vident Investment Advisory LLC bought a new position in shares of Ultrapar Participações during the 4th quarter worth approximately $33,000. Quadrant Capital Group LLC lifted its position in shares of Ultrapar Participações by 348.9% during the 4th quarter. Quadrant Capital Group LLC now owns 15,221 shares of the oil and gas company’s stock worth $37,000 after buying an additional 11,830 shares during the period. Finally, Jane Street Group LLC bought a new position in shares of Ultrapar Participações during the 1st quarter worth approximately $42,000. Institutional investors own 3.50% of the company’s stock.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the company. StockNews.com assumed coverage on Ultrapar Participações in a research report on Thursday, August 17th. They set a “buy” rating for the company. HSBC downgraded Ultrapar Participações from a “buy” rating to a “hold” rating and raised their target price for the stock from $3.00 to $3.80 in a research report on Friday, June 23rd. Finally, Citigroup downgraded Ultrapar Participações from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 23rd. Three research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat, Ultrapar Participações has an average rating of “Hold” and a consensus price target of $3.80.
View Our Latest Research Report on Ultrapar Participações
Ultrapar Participações Trading Up 0.3 %
UGP stock opened at $3.77 on Tuesday. The business has a fifty day moving average price of $3.84 and a 200 day moving average price of $3.27. Ultrapar Participações S.A. has a fifty-two week low of $2.13 and a fifty-two week high of $4.11. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 15.71, a P/E/G ratio of 4.79 and a beta of 1.25. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.97 and a quick ratio of 1.53.
Ultrapar Participações Increases Dividend
The firm also recently declared a semi-annual dividend, which will be paid on Tuesday, September 5th. Investors of record on Monday, August 21st will be issued a dividend of $0.0516 per share. This represents a yield of 1.7%. This is a boost from Ultrapar Participações’s previous semi-annual dividend of $0.03. The ex-dividend date is Friday, August 18th. Ultrapar Participações’s dividend payout ratio (DPR) is currently 37.50%.
Ultrapar Participações Profile
Ultrapar Participações SA operates in the energy and infrastructure business in in Brazil, Europe, Singapore, the United States, Canada, other Latin American countries, and internationally. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers; and renewable electricity and compressed natural gas.
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