Signaturefd LLC Grows Position in Ultrapar Participações S.A. (NYSE:UGP)

Signaturefd LLC lifted its holdings in Ultrapar Participações S.A. (NYSE:UGP) by 23.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,705 shares of the oil and gas company’s stock after buying an additional 3,688 shares during the period. Signaturefd LLC’s holdings in Ultrapar Participações were worth $52,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Freedom Investment Management Inc. purchased a new stake in Ultrapar Participações during the 3rd quarter valued at about $48,000. QRG Capital Management Inc. boosted its holdings in shares of Ultrapar Participações by 38.1% during the 4th quarter. QRG Capital Management Inc. now owns 20,609 shares of the oil and gas company’s stock worth $54,000 after purchasing an additional 5,687 shares during the last quarter. Sequoia Financial Advisors LLC grew its position in shares of Ultrapar Participações by 171.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 32,477 shares of the oil and gas company’s stock valued at $85,000 after purchasing an additional 20,510 shares in the last quarter. Corient Private Wealth LLC increased its holdings in shares of Ultrapar Participações by 79.8% in the fourth quarter. Corient Private Wealth LLC now owns 39,489 shares of the oil and gas company’s stock valued at $104,000 after purchasing an additional 17,531 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in Ultrapar Participações by 34.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 40,871 shares of the oil and gas company’s stock worth $107,000 after buying an additional 10,368 shares in the last quarter. 3.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the company. HSBC upgraded Ultrapar Participações from a “hold” rating to a “buy” rating in a report on Friday, January 17th. JPMorgan Chase & Co. upgraded shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Hsbc Global Res upgraded shares of Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a report on Friday, January 17th. The Goldman Sachs Group upgraded shares of Ultrapar Participações from a “neutral” rating to a “buy” rating and cut their price target for the stock from $4.10 to $3.20 in a report on Friday, January 31st. Finally, Scotiabank upgraded Ultrapar Participações to a “hold” rating in a report on Friday, December 27th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Ultrapar Participações currently has an average rating of “Moderate Buy” and a consensus price target of $3.20.

Ultrapar Participações Trading Down 2.4 %

NYSE UGP opened at $3.10 on Tuesday. Ultrapar Participações S.A. has a 12 month low of $2.53 and a 12 month high of $5.85. The stock has a market capitalization of $3.45 billion, a P/E ratio of 6.73, a PEG ratio of 2.39 and a beta of 1.42. The firm’s 50-day moving average is $2.87 and its two-hundred day moving average is $3.19. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11.

Ultrapar Participações Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were given a dividend of $0.0774 per share. The ex-dividend date of this dividend was Monday, March 10th. This represents a dividend yield of 3.8%. Ultrapar Participações’s payout ratio is currently 33.33%.

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.