Pedro Guedes Rabelo Sells 30,000 Shares of Ultrapar Participacoes (NYSE:UGP) Stock

Ultrapar Participacoes S.A. (NYSE:UGP) insider Pedro Guedes Rabelo sold 30,000 shares of Ultrapar Participacoes stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $7.58, for a total transaction of $227,400.00. Following the completion of the transaction, the insider directly owned 57,898 shares in the company, valued at approximately $438,866.84. This trade represents a 34.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Ultrapar Participacoes Stock Up 0.1%

Shares of NYSE:UGP opened at $7.45 on Wednesday. The firm has a 50 day simple moving average of $6.52 and a 200 day simple moving average of $5.77. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.26 and a current ratio of 1.64. Ultrapar Participacoes S.A. has a 52 week low of $3.60 and a 52 week high of $7.63. The company has a market cap of $8.30 billion, a PE ratio of 12.20, a price-to-earnings-growth ratio of 0.42 and a beta of 0.73.

Ultrapar Participacoes (NYSE:UGP) last issued its earnings results on Wednesday, August 12th. The oil and gas company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. The business had revenue of $8 billion during the quarter, compared to analysts’ expectations of $8.18 billion. Ultrapar Participacoes had a return on equity of 18.84% and a net margin of 2.28%. As a group, research analysts expect that Ultrapar Participacoes S.A. will post 0.84 earnings per share for the current year.

Ultrapar Participacoes Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, September 14th. Shareholders of record on Wednesday, August 26th were paid a dividend of $0.1932 per share. This represents a yield of 599.0%. The ex-dividend date of this dividend was Wednesday, August 26th. Ultrapar Participacoes’s payout ratio is 50.82%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on UGP shares. UBS Group upped their target price on Ultrapar Participacoes from $7.20 to $7.90 and gave the company a “buy” rating in a report on Friday, September 4th. Weiss Ratings upgraded shares of Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. The Goldman Sachs Group cut their target price on shares of Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating for the company in a research report on Wednesday, August 26th. Finally, Bank of America raised shares of Ultrapar Participacoes from a “neutral” rating to a “buy” rating and lifted their target price for the company from $6.80 to $7.40 in a research note on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $6.54.

Institutional Investors Weigh In On Ultrapar Participacoes

Several institutional investors have recently made changes to their positions in UGP. EverSource Wealth Advisors LLC grew its position in Ultrapar Participacoes by 45.0% in the first quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company’s stock worth $35,000 after acquiring an additional 1,982 shares in the last quarter. R Squared Ltd bought a new position in shares of Ultrapar Participacoes during the 1st quarter valued at $55,000. Allspring Global Investments Holdings LLC bought a new position in shares of Ultrapar Participacoes during the 1st quarter valued at $62,000. Royal Bank of Canada lifted its stake in shares of Ultrapar Participacoes by 165.5% in the 1st quarter. Royal Bank of Canada now owns 12,390 shares of the oil and gas company’s stock valued at $68,000 after purchasing an additional 7,724 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ultrapar Participacoes in the 4th quarter valued at $57,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

About Ultrapar Participacoes

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.