Sei Investments Co. Purchases 6,882 Shares of Ultrapar Participações S.A. (NYSE:UGP)

Sei Investments Co. increased its holdings in Ultrapar Participações S.A. (NYSE:UGP) by 27.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 31,534 shares of the oil and gas company’s stock after purchasing an additional 6,882 shares during the period. Sei Investments Co.’s holdings in Ultrapar Participações were worth $83,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in Ultrapar Participações by 23.0% in the fourth quarter. Signaturefd LLC now owns 19,705 shares of the oil and gas company’s stock valued at $52,000 after acquiring an additional 3,688 shares during the period. QRG Capital Management Inc. lifted its stake in shares of Ultrapar Participações by 38.1% in 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 period. Sequoia Financial Advisors LLC lifted its stake in shares of Ultrapar Participações by 171.4% in the 4th quarter. Sequoia Financial Advisors LLC now owns 32,477 shares of the oil and gas company’s stock worth $85,000 after purchasing an additional 20,510 shares during the period. Corient Private Wealth LLC boosted 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 worth $104,000 after buying an additional 17,531 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew 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 valued at $107,000 after buying an additional 10,368 shares during the period. 3.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on UGP. Hsbc Global Res upgraded Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. Scotiabank upgraded Ultrapar Participações to a “hold” rating in a research note on Friday, December 27th. HSBC upgraded shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. The Goldman Sachs Group upgraded Ultrapar Participações from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $4.10 to $3.20 in a research report on Friday, January 31st. Finally, JPMorgan Chase & Co. upgraded shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Two investment 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 stock. According to MarketBeat.com, Ultrapar Participações presently has a consensus rating of “Moderate Buy” and an average price target of $3.20.

Ultrapar Participações Trading Up 1.9 %

UGP opened at $2.91 on Friday. Ultrapar Participações S.A. has a 12 month low of $2.53 and a 12 month high of $5.41. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76. The stock has a 50-day moving average of $2.94 and a 200 day moving average of $3.09. The firm has a market cap of $3.24 billion, a P/E ratio of 6.32, a P/E/G ratio of 2.39 and a beta of 1.10.

Ultrapar Participações Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, March 24th. Stockholders 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 dividend payout ratio (DPR) is 33.33%.

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.