Bank of New York Mellon Corp Acquires 185 Shares of Ultrapar Participacoes SA (UGP)
Bank of New York Mellon Corp raised its stake in Ultrapar Participacoes SA (NYSE:UGP) by 0.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,575 shares of the company’s stock after buying an additional 185 shares during the period. Bank of New York Mellon Corp’s holdings in Ultrapar Participacoes SA were worth $2,302,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Icon Advisers Inc. Co. acquired a new position in shares of Ultrapar Participacoes SA during the first quarter valued at about $386,000. Pacad Investment Ltd. purchased a new position in Ultrapar Participacoes SA during the first quarter worth $270,000. BlackRock Inc. boosted its position in Ultrapar Participacoes SA by 36.7% in the first quarter. BlackRock Inc. now owns 96,625 shares of the company’s stock worth $1,863,000 after buying an additional 25,925 shares during the last quarter. BlackRock Institutional Trust Company N.A. purchased a new position in Ultrapar Participacoes SA during the first quarter worth $783,000. Finally, NN Investment Partners Holdings N.V. purchased a new position in Ultrapar Participacoes SA during the first quarter worth $723,000. 3.31% of the stock is owned by hedge funds and other institutional investors.
Ultrapar Participacoes SA (NYSE:UGP) traded up 1.92% on Wednesday, reaching $22.33. 325,930 shares of the company’s stock were exchanged. The company has a market capitalization of $12.13 billion, a P/E ratio of 25.64 and a beta of 1.39. Ultrapar Participacoes SA has a 1-year low of $12.93 and a 1-year high of $24.50. The firm has a 50-day moving average price of $22.46 and a 200-day moving average price of $21.16.
The firm also recently declared a dividend, which was paid on Tuesday, September 6th. Investors of record on Monday, August 22nd were paid a dividend of $0.255 per share. The ex-dividend date was Thursday, August 18th. Ultrapar Participacoes SA’s dividend payout ratio is currently 60.53%.
A number of research analysts have weighed in on the stock. Zacks Investment Research cut shares of Ultrapar Participacoes SA from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 27th. TheStreet raised shares of Ultrapar Participacoes SA from a “hold” rating to a “buy” rating in a report on Monday, September 12th.
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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