Kapitalo Investimentos Ltda Takes Position in Ultrapar Participacoes S.A. $UGP

Kapitalo Investimentos Ltda acquired a new position in shares of Ultrapar Participacoes S.A. (NYSE:UGP) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 194,100 shares of the oil and gas company’s stock, valued at approximately $796,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UGP. Quadrature Capital Ltd bought a new stake in shares of Ultrapar Participacoes in the second quarter worth about $45,000. Wealthstream Advisors Inc. bought a new stake in Ultrapar Participacoes during the 2nd quarter worth approximately $46,000. Blue Trust Inc. raised its holdings in Ultrapar Participacoes by 27.6% during the 2nd quarter. Blue Trust Inc. now owns 16,425 shares of the oil and gas company’s stock worth $54,000 after buying an additional 3,554 shares during the period. R Squared Ltd bought a new position in Ultrapar Participacoes in the second quarter valued at approximately $54,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Ultrapar Participacoes in the second quarter valued at approximately $56,000. 3.58% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday. Two research analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and an average price target of $4.50.

Ultrapar Participacoes Price Performance

Shares of UGP opened at $4.83 on Thursday. The company has a quick ratio of 1.40, a current ratio of 1.83 and a debt-to-equity ratio of 0.83. Ultrapar Participacoes S.A. has a twelve month low of $2.64 and a twelve month high of $4.86. The stock has a market capitalization of $5.38 billion, a P/E ratio of 10.27, a P/E/G ratio of 1.86 and a beta of 0.86. The company has a 50 day moving average of $4.02 and a 200-day moving average of $3.77.

Ultrapar Participacoes Dividend Announcement

The firm also recently declared a special dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were paid a $0.1876 dividend. The ex-dividend date was Friday, December 12th. Ultrapar Participacoes’s payout ratio is presently 59.57%.

About Ultrapar Participacoes

Ultrapar Participações SA is a Brazilian diversified holding company operating in the downstream energy and chemical sectors. Its Ipiranga unit runs one of Brazil’s largest networks of fuel stations, supplying gasoline, ethanol, diesel and convenience-store products to retail and wholesale customers. Through Ultragaz, the company is a leading distributor of liquefied petroleum gas (LPG), offering cylinder and bulk gas solutions for residential, commercial and industrial use across urban and rural regions.

In the specialty chemicals arena, Ultrapar controls Oxiteno, which produces surfactants and specialty chemical formulations for industries such as personal care, oil and gas, agrochemicals and coatings.