Ultrapar Participacoes S.A. $UGP Shares Acquired by PDS Planning Inc

PDS Planning Inc lifted its stake in shares of Ultrapar Participacoes S.A. (NYSE:UGP) by 23.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 32,111 shares of the oil and gas company’s stock after buying an additional 6,002 shares during the quarter. PDS Planning Inc’s holdings in Ultrapar Participacoes were worth $105,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in UGP. GAMMA Investing LLC lifted its stake in Ultrapar Participacoes by 494.3% in the first quarter. GAMMA Investing LLC now owns 53,632 shares of the oil and gas company’s stock worth $165,000 after acquiring an additional 44,607 shares during the last quarter. Wealthquest Corp purchased a new stake in shares of Ultrapar Participacoes during the 1st quarter worth $45,000. Sequoia Financial Advisors LLC lifted its position in shares of Ultrapar Participacoes by 61.3% during the 1st quarter. Sequoia Financial Advisors LLC now owns 52,395 shares of the oil and gas company’s stock worth $161,000 after purchasing an additional 19,918 shares during the last quarter. Cerity Partners LLC purchased a new stake in shares of Ultrapar Participacoes during the 1st quarter worth $236,000. Finally, Ballentine Partners LLC purchased a new stake in shares of Ultrapar Participacoes during the 1st quarter worth $45,000. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Ultrapar Participacoes Price Performance

Shares of NYSE UGP opened at $3.95 on Tuesday. The company has a current ratio of 1.82, a quick ratio of 1.38 and a debt-to-equity ratio of 0.84. Ultrapar Participacoes S.A. has a twelve month low of $2.53 and a twelve month high of $4.16. The stock has a 50 day moving average of $3.65 and a two-hundred day moving average of $3.26. The stock has a market cap of $4.40 billion, a P/E ratio of 8.77, a P/E/G ratio of 2.02 and a beta of 1.13.

Ultrapar Participacoes Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 25th were given a $0.0555 dividend. The ex-dividend date was Monday, August 25th. This represents a yield of 360.0%. Ultrapar Participacoes’s dividend payout ratio is 22.22%.

Analysts Set New Price Targets

A number of analysts have issued reports on UGP shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Ultrapar Participacoes in a report on Wednesday, October 8th. The Goldman Sachs Group boosted their target price on Ultrapar Participacoes from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Friday, September 26th. Wall Street Zen upgraded Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Zacks Research upgraded shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Monday, September 29th. Finally, Scotiabank upgraded shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 28th. Three research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $4.50.

About Ultrapar Participacoes

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.