Simplicity Wealth LLC Buys Shares of 24,935 Ultrapar Participações S.A. (NYSE:UGP)

Simplicity Wealth LLC bought a new stake in shares of Ultrapar Participações S.A. (NYSE:UGP) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 24,935 shares of the oil and gas company’s stock, valued at approximately $143,000.

Other hedge funds have also recently made changes to their positions in the company. Natixis Advisors L.P. bought a new position in shares of Ultrapar Participações in the fourth quarter worth $1,169,000. US Bancorp DE increased its stake in Ultrapar Participações by 1,497.3% in the fourth quarter. US Bancorp DE now owns 153,473 shares of the oil and gas company’s stock valued at $832,000 after acquiring an additional 143,865 shares during the last quarter. American Century Companies Inc. increased its stake in Ultrapar Participações by 8.2% in the third quarter. American Century Companies Inc. now owns 1,382,989 shares of the oil and gas company’s stock valued at $5,076,000 after acquiring an additional 104,754 shares during the last quarter. Capital Wealth Planning LLC bought a new position in Ultrapar Participações in the fourth quarter valued at $557,000. Finally, Alpine Global Management LLC bought a new position in Ultrapar Participações in the third quarter valued at $336,000. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UGP has been the topic of a number of research analyst reports. StockNews.com cut Ultrapar Participações from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. Itau BBA Securities lowered shares of Ultrapar Participações from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 2nd. Finally, The Goldman Sachs Group increased their target price on shares of Ultrapar Participações from $5.30 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $4.37.

Ultrapar Participações Price Performance

UGP remained flat at $4.65 on Friday. 1,323,297 shares of the company’s stock traded hands, compared to its average volume of 1,176,968. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.68 and a quick ratio of 1.23. Ultrapar Participações S.A. has a twelve month low of $3.24 and a twelve month high of $6.34. The business has a 50-day simple moving average of $5.25 and a two-hundred day simple moving average of $5.42. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 9.69, a P/E/G ratio of 1.07 and a beta of 1.63.

Ultrapar Participações (NYSE:UGP) last issued its quarterly earnings data on Wednesday, February 28th. The oil and gas company reported $0.20 EPS for the quarter. Ultrapar Participações had a net margin of 2.07% and a return on equity of 19.30%. The business had revenue of $6.75 billion during the quarter. Equities research analysts expect that Ultrapar Participações S.A. will post 0.34 earnings per share for the current fiscal year.

Ultrapar Participações Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a dividend of $0.0723 per share. This represents a dividend yield of 2%. This is a positive change from Ultrapar Participações’s previous semi-annual dividend of $0.05. The ex-dividend date was Friday, March 8th. Ultrapar Participações’s dividend payout ratio (DPR) is presently 29.17%.

About Ultrapar Participações

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.