Canada Pension Plan Investment Board bought a new position in Ultrapar Participacoes SA (NYSE:UGP) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 168,000 shares of the oil and gas company’s stock, valued at approximately $1,989,000.
A number of other large investors have also modified their holdings of the business. Genesis Asset Managers LLP purchased a new stake in shares of Ultrapar Participacoes during the 2nd quarter valued at about $35,215,000. Aperio Group LLC increased its position in shares of Ultrapar Participacoes by 11.7% during the 1st quarter. Aperio Group LLC now owns 190,738 shares of the oil and gas company’s stock valued at $4,124,000 after purchasing an additional 19,968 shares during the last quarter. Banco BTG Pactual S.A. purchased a new stake in shares of Ultrapar Participacoes during the 1st quarter valued at about $1,136,000. Dimensional Fund Advisors LP increased its position in shares of Ultrapar Participacoes by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 521,371 shares of the oil and gas company’s stock valued at $11,272,000 after purchasing an additional 6,807 shares during the last quarter. Finally, UBS Group AG increased its position in shares of Ultrapar Participacoes by 7.6% during the 1st quarter. UBS Group AG now owns 80,620 shares of the oil and gas company’s stock valued at $1,743,000 after purchasing an additional 5,661 shares during the last quarter. 4.96% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on UGP shares. Citigroup lowered shares of Ultrapar Participacoes from a “buy” rating to a “neutral” rating in a research report on Thursday, August 9th. HSBC raised shares of Ultrapar Participacoes from a “hold” rating to a “buy” rating in a research report on Thursday, May 31st. UBS Group lowered shares of Ultrapar Participacoes from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Santander raised shares of Ultrapar Participacoes from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Finally, Credit Suisse Group lowered shares of Ultrapar Participacoes from a “neutral” rating to an “underperform” rating in a research report on Monday, July 23rd. Three research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Ultrapar Participacoes has an average rating of “Hold” and an average target price of $25.00.
NYSE UGP opened at $9.48 on Thursday. Ultrapar Participacoes SA has a 52 week low of $9.41 and a 52 week high of $26.48. The stock has a market cap of $5.69 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 3.27 and a beta of 1.11. The company has a quick ratio of 1.81, a current ratio of 2.27 and a debt-to-equity ratio of 1.14.
Ultrapar Participacoes (NYSE:UGP) last released its earnings results on Wednesday, August 1st. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.09). The firm had revenue of $6.31 billion during the quarter, compared to analysts’ expectations of $6.71 billion. Ultrapar Participacoes had a return on equity of 13.54% and a net margin of 1.51%. sell-side analysts forecast that Ultrapar Participacoes SA will post 0.73 EPS for the current fiscal year.
The company also recently announced a special dividend, which was paid on Thursday, August 30th. Investors of record on Monday, August 13th were issued a $0.1491 dividend. This represents a yield of 4.54%. The ex-dividend date of this dividend was Friday, August 10th. Ultrapar Participacoes’s dividend payout ratio is 27.47%.
Ultrapar Participacoes Company Profile
Ultrapar Participações SA engages in gas distribution, fuel distribution, chemicals, storage, and drugstores businesses in Brazil, Mexico, United Stated, Uruguay, and Venezuela. The company's Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers, as well as independent dealers, primarily in the South, Southeast, and Northeast regions of Brazil.
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