Ultrapar Participacoes (NYSE:UGP) Shares Up 5.9% – What’s Next?

Ultrapar Participacoes S.A. (NYSE:UGP) traded up 5.9% on Monday . The company traded as high as $6.51 and last traded at $6.5250. Approximately 2,549,861 shares changed hands during mid-day trading, a decline of 15% from the average session volume of 3,010,801 shares. The stock had previously closed at $6.16.

Analyst Ratings Changes

UGP has been the topic of a number of research reports. Weiss Ratings restated a “hold (c+)” rating on shares of Ultrapar Participacoes in a research report on Monday, June 8th. Bank of America upgraded shares of Ultrapar Participacoes from a “neutral” rating to a “buy” rating and upped their price target for the company from $6.80 to $7.40 in a research report on Wednesday, July 8th. Wall Street Zen upgraded shares of Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, UBS Group raised their price objective on shares of Ultrapar Participacoes from $7.00 to $7.20 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $6.32.

Ultrapar Participacoes Trading Up 6.1%

The company has a quick ratio of 1.26, a current ratio of 1.64 and a debt-to-equity ratio of 0.74. The company has a fifty day moving average of $5.64 and a two-hundred day moving average of $5.49. The stock has a market capitalization of $7.29 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 0.37 and a beta of 0.70.

Ultrapar Participacoes Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Monday, September 14th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.1932 per share. The ex-dividend date is Wednesday, August 26th. This represents a yield of 634.0%. Ultrapar Participacoes’s dividend payout ratio is presently 34.43%.

Institutional Trading of Ultrapar Participacoes

Hedge funds and other institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership increased its position in Ultrapar Participacoes by 235.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 927,216 shares of the oil and gas company’s stock worth $5,109,000 after purchasing an additional 650,988 shares during the period. Kapitalo Investimentos Ltda raised its stake in shares of Ultrapar Participacoes by 350.7% during the 4th quarter. Kapitalo Investimentos Ltda now owns 874,882 shares of the oil and gas company’s stock worth $3,298,000 after buying an additional 680,782 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Ultrapar Participacoes by 10.6% in the 1st quarter. Renaissance Technologies LLC now owns 3,740,700 shares of the oil and gas company’s stock valued at $20,611,000 after buying an additional 357,922 shares during the period. Banco BTG Pactual S.A. acquired a new stake in shares of Ultrapar Participacoes in the 4th quarter valued at approximately $2,631,000. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Ultrapar Participacoes by 42.7% in the first quarter. Dimensional Fund Advisors LP now owns 945,625 shares of the oil and gas company’s stock valued at $5,210,000 after buying an additional 282,887 shares in the last quarter. Hedge funds and other institutional investors own 3.58% of the company’s stock.

About Ultrapar Participacoes

Ultrapar Participações SA is a Brazilian diversified holding company operating in the downstream energy and chemical sectors. Its Ipiranga unit runs one of Brazil’s largest networks of fuel stations, supplying gasoline, ethanol, diesel and convenience-store products to retail and wholesale customers. Through Ultragaz, the company is a leading distributor of liquefied petroleum gas (LPG), offering cylinder and bulk gas solutions for residential, commercial and industrial use across urban and rural regions.

In the specialty chemicals arena, Ultrapar controls Oxiteno, which produces surfactants and specialty chemical formulations for industries such as personal care, oil and gas, agrochemicals and coatings.