HUB Investment Partners LLC Lowers Stake in Ultrapar Participações S.A. (NYSE:UGP)

HUB Investment Partners LLC lessened its position in shares of Ultrapar Participações S.A. (NYSE:UGP) by 33.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 10,615 shares of the oil and gas company’s stock after selling 5,362 shares during the quarter. HUB Investment Partners LLC’s holdings in Ultrapar Participações were worth $28,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in UGP. Freedom Investment Management Inc. purchased a new stake in Ultrapar Participações during the third quarter valued at about $48,000. Signaturefd LLC boosted its position in shares of Ultrapar Participações by 23.0% in the fourth quarter. Signaturefd LLC now owns 19,705 shares of the oil and gas company’s stock worth $52,000 after buying an additional 3,688 shares during the period. QRG Capital Management Inc. boosted its position in shares of Ultrapar Participações by 38.1% in the fourth quarter. QRG Capital Management Inc. now owns 20,609 shares of the oil and gas company’s stock worth $54,000 after buying an additional 5,687 shares during the period. Sequoia Financial Advisors LLC boosted its position in shares of Ultrapar Participações by 171.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 32,477 shares of the oil and gas company’s stock worth $85,000 after buying an additional 20,510 shares during the period. Finally, Corient Private Wealth LLC boosted its position in shares of Ultrapar Participações by 79.8% in the fourth quarter. Corient Private Wealth LLC now owns 39,489 shares of the oil and gas company’s stock worth $104,000 after buying an additional 17,531 shares during the period. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Analysts Set New Price Targets

UGP has been the subject of several analyst reports. Scotiabank raised Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th. Hsbc Global Res raised Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 17th. HSBC raised Ultrapar Participações from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. JPMorgan Chase & Co. raised Ultrapar Participações from a “neutral” rating to an “overweight” rating in a report on Tuesday, January 7th. Finally, The Goldman Sachs Group raised Ultrapar Participações from a “neutral” rating to a “buy” rating and reduced their price target for the company from $4.10 to $3.20 in a report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Ultrapar Participações has an average rating of “Moderate Buy” and an average target price of $3.20.

Ultrapar Participações Trading Down 1.1 %

Shares of UGP opened at $3.17 on Friday. The company has a market capitalization of $3.53 billion, a P/E ratio of 6.88, a P/E/G ratio of 2.39 and a beta of 1.42. Ultrapar Participações S.A. has a one year low of $2.53 and a one year high of $5.85. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57. The stock has a 50-day moving average price of $2.86 and a 200 day moving average price of $3.21.

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 paid a dividend of $0.0774 per share. This represents a yield of 3.8%. The ex-dividend date is Monday, March 10th. Ultrapar Participações’s payout ratio is currently 33.33%.

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.