Profund Advisors LLC trimmed its holdings in Ultrapar Participacoes SA (NYSE:UGP) by 31.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 58,964 shares of the oil and gas company’s stock after selling 27,029 shares during the period. Profund Advisors LLC’s holdings in Ultrapar Participacoes were worth $1,340,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. lifted its stake in shares of Ultrapar Participacoes by 6.0% in the third quarter. Schwab Charles Investment Management Inc. now owns 439,901 shares of the oil and gas company’s stock valued at $10,479,000 after buying an additional 24,882 shares in the last quarter. Flossbach Von Storch AG lifted its stake in shares of Ultrapar Participacoes by 25.0% in the fourth quarter. Flossbach Von Storch AG now owns 50,000 shares of the oil and gas company’s stock valued at $1,137,000 after buying an additional 10,000 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Ultrapar Participacoes by 45.2% in the third quarter. SG Americas Securities LLC now owns 71,226 shares of the oil and gas company’s stock valued at $1,697,000 after buying an additional 22,175 shares in the last quarter. Timber Hill LLC bought a new position in shares of Ultrapar Participacoes in the third quarter valued at $379,000. Finally, State Street Corp lifted its stake in shares of Ultrapar Participacoes by 3.7% in the second quarter. State Street Corp now owns 962,753 shares of the oil and gas company’s stock valued at $22,652,000 after buying an additional 34,776 shares in the last quarter. 4.46% of the stock is currently owned by hedge funds and other institutional investors.
Ultrapar Participacoes SA (UGP) opened at $22.53 on Tuesday. Ultrapar Participacoes SA has a 12 month low of $20.91 and a 12 month high of $26.48. The firm has a market cap of $12,647.09, a price-to-earnings ratio of 25.26 and a beta of 1.14. The company has a quick ratio of 1.67, a current ratio of 2.17 and a debt-to-equity ratio of 1.04.
The company also recently declared a semiannual dividend, which will be paid on Thursday, March 22nd. Investors of record on Monday, March 5th will be given a dividend of $0.2775 per share. This is a positive change from Ultrapar Participacoes’s previous semiannual dividend of $0.27. This represents a dividend yield of 2.32%. The ex-dividend date is Friday, March 2nd. Ultrapar Participacoes’s dividend payout ratio (DPR) is presently 61.11%.
Separately, Zacks Investment Research lowered shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research note on Tuesday, December 19th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $25.00.
Ultrapar Participacoes Company Profile
Ultrapar Participacoes SA is a Brazil-based company primarily engaged in the automotive fuel retail. The Company operates in five segments: Gas distribution (Ultragaz), which distributes liquefied petroleum gas (LPG) to residential, commercial and industrial consumers in the South, Southeast and Northeast regions of Brazil; Fuel distribution (Ipiranga), which operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles and lubricants, as well as provides related activities across the Brazilian territory; Chemicals (Oxiteno), which produces ethylene oxide, as well as its primary derivatives and fatty alcohols; Storage (Ultracargo), which operates liquid bulk terminals, primarily in the Southeast and Northeast regions of Brazil, and Drugstores (Extrafarma), which trades pharmaceutical, hygiene and beauty products through its drugstore chain in the states of Para and Piaui, among others.
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