Ultrapar Participacoes SA (UGP) Position Held by Flossbach Von Storch AG
Flossbach Von Storch AG maintained its stake in Ultrapar Participacoes SA (NYSE:UGP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 55,000 shares of the company’s stock at the end of the second quarter. Flossbach Von Storch AG’s holdings in Ultrapar Participacoes SA were worth $1,211,000 at the end of the most recent reporting period.
A number of other large investors have also bought and sold shares of UGP. Goldman Sachs Group Inc. raised its stake in Ultrapar Participacoes SA by 9.8% in the first quarter. Goldman Sachs Group Inc. now owns 473,952 shares of the company’s stock valued at $9,138,000 after buying an additional 42,433 shares during the last quarter. BlackRock Institutional Trust Company N.A. acquired a new stake in Ultrapar Participacoes SA during the first quarter valued at approximately $783,000. NN Investment Partners Holdings N.V. acquired a new stake in Ultrapar Participacoes SA during the first quarter valued at approximately $723,000. BlackRock Inc. raised its stake in Ultrapar Participacoes SA by 36.7% in the first quarter. BlackRock Inc. now owns 96,625 shares of the company’s stock valued at $1,863,000 after buying an additional 25,925 shares during the last quarter. Finally, Icon Advisers Inc. Co. acquired a new stake in Ultrapar Participacoes SA during the first quarter valued at approximately $386,000.
Ultrapar Participacoes SA (NYSE:UGP) traded down 1.66% during midday trading on Tuesday, reaching $21.92. 512,128 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $22.52 and its 200-day moving average price is $21.14. Ultrapar Participacoes SA has a 1-year low of $12.93 and a 1-year high of $24.50. The company has a market capitalization of $11.91 billion, a PE ratio of 25.17 and a beta of 1.32.
The company also recently disclosed a dividend, which was paid on Tuesday, September 6th. Stockholders of record on Monday, August 22nd were issued a $0.255 dividend. The ex-dividend date was Thursday, August 18th.
Several equities research analysts have commented on UGP shares. TheStreet raised shares of Ultrapar Participacoes SA from a “hold” rating to a “buy” rating in a report on Monday, September 12th. Zacks Investment Research lowered shares of Ultrapar Participacoes SA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 27th.
About Ultrapar Participacoes SA
Ultrapar Participacoes SA is a Brazil-based holding company that operates in four segments: fuel distribution through Ipiranga; chemicals through Oxiteno; Liquefied Petroleum Gas (LPG) distribution through Ultragaz; and logistics for liquid bulk through Ultracargo. Ipiranga is a fuel distributor in Brazil, with a network of service stations, providing diesel, gasoline, ethanol, natural gas for vehicles, fuel oil and kerosene, besides lubricants.
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