US Bancorp DE Reduces Stock Holdings in Ultrapar Participações S.A. (NYSE:UGP)

US Bancorp DE lessened its stake in shares of Ultrapar Participações S.A. (NYSE:UGP) by 75.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,513 shares of the oil and gas company’s stock after selling 149,669 shares during the quarter. US Bancorp DE’s holdings in Ultrapar Participações were worth $125,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Aigen Investment Management LP lifted its position in shares of Ultrapar Participações by 19.4% during the third quarter. Aigen Investment Management LP now owns 38,120 shares of the oil and gas company’s stock worth $148,000 after purchasing an additional 6,205 shares in the last quarter. Metis Global Partners LLC raised its holdings in Ultrapar Participações by 33.5% during the third quarter. Metis Global Partners LLC now owns 40,340 shares of the oil and gas company’s stock worth $157,000 after purchasing an additional 10,119 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Ultrapar Participações by 71.8% during the third quarter. Advisors Asset Management Inc. now owns 134,363 shares of the oil and gas company’s stock worth $521,000 after purchasing an additional 56,142 shares in the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in Ultrapar Participações by 50.5% during the third quarter. Dynamic Technology Lab Private Ltd now owns 166,966 shares of the oil and gas company’s stock worth $648,000 after purchasing an additional 56,005 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in shares of Ultrapar Participações by 6.6% during the third quarter. The Manufacturers Life Insurance Company now owns 251,203 shares of the oil and gas company’s stock worth $975,000 after acquiring an additional 15,517 shares during the last quarter. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Stock Up 6.5 %

UGP opened at $3.03 on Monday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. Ultrapar Participações S.A. has a 1 year low of $2.53 and a 1 year high of $5.85. The firm has a 50 day moving average price of $2.81 and a 200 day moving average price of $3.24. The company has a market cap of $3.37 billion, a PE ratio of 6.58, a price-to-earnings-growth ratio of 2.39 and a beta of 1.42.

Ultrapar Participações Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be given a $0.0774 dividend. This represents a yield of 3.8%. The ex-dividend date is Monday, March 10th. Ultrapar Participações’s dividend payout ratio (DPR) is 33.33%.

Wall Street Analyst Weigh In

UGP has been the topic of a number of research reports. 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 raised Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. HSBC raised Ultrapar Participações from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. The Goldman Sachs Group raised shares of Ultrapar Participações from a “neutral” rating to a “buy” rating and cut their target price for the company from $4.10 to $3.20 in a research note on Friday, January 31st. Finally, Scotiabank raised shares of Ultrapar Participações to a “hold” rating in a research note 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 assigned a strong buy rating to the company’s stock. According to MarketBeat, Ultrapar Participações has a consensus rating of “Moderate Buy” and a consensus target price of $3.20.

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.