Ultrapar Participacoes (NYSE:UGP) CFO Sells $300,664.00 in Stock

Ultrapar Participacoes S.A. (NYSE:UGP) CFO Andre Saleme Hachem sold 39,200 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $7.67, for a total value of $300,664.00. Following the completion of the sale, the chief financial officer owned 25,675 shares in the company, valued at approximately $196,927.25. The trade was a 60.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Andre Saleme Hachem also recently made the following trade(s):

• On Tuesday, August 18th, Andre Saleme Hachem sold 585 shares of Ultrapar Participacoes stock. The stock was sold at an average price of $6.51, for a total transaction of $3,808.35.

Ultrapar Participacoes Stock Down 5.3%

Shares of NYSE:UGP opened at $7.09 on Friday. Ultrapar Participacoes S.A. has a 52-week low of $3.60 and a 52-week high of $7.78. The stock has a market cap of $7.91 billion, a P/E ratio of 11.63, a price-to-earnings-growth ratio of 0.42 and a beta of 0.73. The business’s 50 day moving average is $6.77 and its 200 day moving average is $5.91. The company has a quick ratio of 1.26, a current ratio of 1.64 and a debt-to-equity ratio of 0.74.

Ultrapar Participacoes (NYSE:UGP) last issued its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.01. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%. The company had revenue of $8 billion for the quarter, compared to analyst estimates of $8.18 billion. Sell-side analysts predict that Ultrapar Participacoes S.A. will post 0.84 EPS for the current year.

Ultrapar Participacoes Dividend Announcement

The business also recently declared a dividend, which was paid on Monday, September 14th. Shareholders of record on Wednesday, August 26th were issued a $0.1932 dividend. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a dividend yield of 599.0%. Ultrapar Participacoes’s dividend payout ratio (DPR) is currently 50.82%.

Analyst Upgrades and Downgrades

UGP has been the subject of several research analyst reports. The Goldman Sachs Group reduced their price objective on Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating for the company in a research note on Wednesday, August 26th. UBS Group raised their price target on shares of Ultrapar Participacoes from $7.20 to $7.90 and gave the stock a “buy” rating in a research report on Friday, September 4th. Bank of America upgraded shares of Ultrapar Participacoes from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $6.80 to $7.40 in a research note on Wednesday, July 8th. Weiss Ratings upgraded shares of Ultrapar Participacoes from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday. Finally, Scotiabank lowered shares of Ultrapar Participacoes from a “sector outperform” rating to a “hold” rating in a research note on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $6.54.

Hedge Funds Weigh In On Ultrapar Participacoes

A number of large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC boosted its stake in Ultrapar Participacoes by 45.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 1,982 shares during the last quarter. R Squared Ltd acquired a new stake in shares of Ultrapar Participacoes in the first quarter valued at about $55,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Ultrapar Participacoes in the first quarter worth about $62,000. Royal Bank of Canada lifted its stake in shares of Ultrapar Participacoes by 165.5% in the first quarter. Royal Bank of Canada now owns 12,390 shares of the oil and gas company’s stock worth $68,000 after buying an additional 7,724 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Ultrapar Participacoes during the fourth quarter worth about $57,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Ultrapar Participacoes Company Profile

Ultrapar Participações SA is a Brazilian holding company with operations focused on fuel distribution, liquefied petroleum gas and bulk liquid storage. The company traces its origins to 1937, when it was established as Companhia Brasileira de Gás a Domicílio, the predecessor of Ultragaz. Ultrapar’s American depositary shares trade on the New York Stock Exchange under the symbol UGP.

Its principal businesses include Ipiranga, a fuel distribution company that supplies gasoline, ethanol, diesel and other fuels through a nationwide network of service stations.