Ultrapar Participacoes S.A. $UGP Position Increased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its position in Ultrapar Participacoes S.A. (NYSE:UGP) by 162.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 180,500 shares of the oil and gas company’s stock after acquiring an additional 111,695 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Ultrapar Participacoes were worth $1,321,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Diversify Advisory Services LLC acquired a new position in shares of Ultrapar Participacoes in the third quarter valued at $2,733,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Ultrapar Participacoes during the 3rd quarter worth about $1,108,000. Western Financial Corp CA acquired a new stake in shares of Ultrapar Participacoes during the 3rd quarter worth about $142,000. Plan A Wealth LLC boosted its holdings in shares of Ultrapar Participacoes by 24.3% during the 3rd quarter. Plan A Wealth LLC now owns 15,620 shares of the oil and gas company’s stock worth $114,000 after buying an additional 3,050 shares during the period. Finally, Engineers Gate Manager LP boosted its holdings in shares of Ultrapar Participacoes by 419.7% during the 2nd quarter. Engineers Gate Manager LP now owns 257,957 shares of the oil and gas company’s stock worth $1,295,000 after buying an additional 208,319 shares during the period. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Ultrapar Participacoes

In other news, CEO Decio De Sampaio Amaral sold 8,000 shares of Ultrapar Participacoes stock in a transaction that occurred on Tuesday, September 1st. The shares were sold at an average price of $6.93, for a total value of $55,440.00. Following the completion of the sale, the chief executive officer directly owned 151,432 shares in the company, valued at approximately $1,049,423.76. The trade was a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Andre Saleme Hachem sold 39,200 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were 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 of the company’s stock, valued at approximately $196,927.25. This trade represents a 60.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 77,785 shares of company stock valued at $587,312. 1.80% of the stock is currently owned by company insiders.

Ultrapar Participacoes Trading Down 15.3%

Shares of Ultrapar Participacoes stock opened at $6.55 on Tuesday. The firm has a 50-day moving average of $7.32 and a 200-day moving average of $5.86. The stock has a market cap of $7.31 billion, a PE ratio of 10.75, a PEG ratio of 0.41 and a beta of 0.71. Ultrapar Participacoes S.A. has a 52-week low of $3.60 and a 52-week high of $8.28. 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 (NYSE:UGP) last released its quarterly earnings results on Wednesday, August 12th. The oil and gas company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%. The business had revenue of $8 billion for the quarter, compared to analyst estimates of $8.18 billion. As a group, sell-side analysts forecast that Ultrapar Participacoes S.A. will post 0.87 EPS for the current year.

Ultrapar Participacoes Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, September 14th. Stockholders of record on Wednesday, August 26th were issued a dividend of $0.1932 per share. 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%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. UBS Group upped their price target on shares of Ultrapar Participacoes from $7.20 to $7.90 and gave the company a “buy” rating in a research note on Friday, September 4th. The Goldman Sachs Group cut their price objective 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. Scotiabank cut Ultrapar Participacoes from a “sector outperform” rating to a “hold” rating in a report on Thursday, September 17th. Zacks Research raised Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Thursday, October 15th. Finally, JPMorgan Chase & Co. lowered Ultrapar Participacoes from an “overweight” rating to a “neutral” rating in a research note on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $6.54.

About Ultrapar Participacoes

Ultrapar Participações SA is a Brazilian holding company whose businesses focus on fuel distribution, liquefied petroleum gas and transportation infrastructure. Through its subsidiaries, the company serves commercial, industrial, retail and residential customers, primarily in Brazil.

Ipiranga is Ultrapar’s fuel-distribution business, supplying gasoline, ethanol, diesel and other fuels through a network of service stations and commercial channels. Ultragaz distributes liquefied petroleum gas for household, commercial and industrial use, including bottled and bulk products.

Ultrapar also operates Ultracargo, a provider of liquid bulk storage and transportation infrastructure for fuels, chemicals and other products.