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Boston Common Asset Management LLC Purchases 30,430 Shares of Ultrapar Participacoes SA (NYSE:UGP)

By August 31, 2019 No Comments

Boston Common Asset Management LLC boosted its holdings in shares of Ultrapar Participacoes SA (NYSE:UGP) by 100.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,860 shares of the oil and gas company’s stock after buying an additional 30,430 shares during the quarter. Boston Common Asset Management LLC’s holdings in Ultrapar Participacoes were worth $319,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Wetherby Asset Management Inc. lifted its stake in shares of Ultrapar Participacoes by 49.6% in the second quarter. Wetherby Asset Management Inc. now owns 29,756 shares of the oil and gas company’s stock valued at $156,000 after buying an additional 9,865 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Ultrapar Participacoes by 94.4% in the second quarter. Crossmark Global Holdings Inc. now owns 103,347 shares of the oil and gas company’s stock valued at $542,000 after purchasing an additional 50,190 shares in the last quarter. Exane Derivatives acquired a new stake in shares of Ultrapar Participacoes in the first quarter valued at approximately $511,000. Legato Capital Management LLC increased its holdings in shares of Ultrapar Participacoes by 100.0% in the second quarter. Legato Capital Management LLC now owns 524,400 shares of the oil and gas company’s stock valued at $2,748,000 after purchasing an additional 262,200 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in Ultrapar Participacoes by 5.0% during the 4th quarter. Millennium Management LLC now owns 508,197 shares of the oil and gas company’s stock worth $6,881,000 after acquiring an additional 24,098 shares during the period. 2.87% of the stock is currently owned by hedge funds and other institutional investors.

UGP has been the topic of several research reports. Morgan Stanley cut shares of Ultrapar Participacoes from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 18th. Bradesco Corretora raised shares of Ultrapar Participacoes from a “neutral” rating to an “outperform” rating in a report on Tuesday, July 23rd. Credit Suisse Group raised shares of Ultrapar Participacoes from an “underperform” rating to a “neutral” rating in a report on Friday, May 3rd. Santander downgraded shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research note on Tuesday. Finally, ValuEngine cut shares of Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. Ultrapar Participacoes has a consensus rating of “Hold” and an average price target of $18.00.

NYSE UGP traded down $0.06 during trading hours on Friday, reaching $4.00. 1,887,020 shares of the company were exchanged, compared to its average volume of 1,256,289. Ultrapar Participacoes SA has a 1 year low of $3.61 and a 1 year high of $7.90. The business’s 50 day simple moving average is $4.80 and its 200-day simple moving average is $8.00. The company has a quick ratio of 2.37, a current ratio of 3.01 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $4.17 billion, a P/E ratio of 14.29, a P/E/G ratio of 2.03 and a beta of 0.26.

Ultrapar Participacoes (NYSE:UGP) last posted its quarterly earnings data on Wednesday, August 14th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $5.53 billion during the quarter. Ultrapar Participacoes had a net margin of 1.32% and a return on equity of 11.93%. As a group, sell-side analysts anticipate that Ultrapar Participacoes SA will post 0.27 earnings per share for the current year.

The firm also recently announced a Semi-Annual dividend, which will be paid on Tuesday, September 10th. Stockholders of record on Monday, August 26th will be paid a $0.044 dividend. The ex-dividend date is Friday, August 23rd. Ultrapar Participacoes’s payout ratio is 32.14%.

Ultrapar Participacoes Profile

Ultrapar Participações SA engages in the gas distribution, fuel distribution, chemicals, storage, and drugstores businesses primarily in Brazil, Mexico, Uruguay, Venezuela, other Latin American countries, the United States, Canada, the Far East, Europe, and internationally. The company’s Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers, as well as independent dealers primarily in the South, Southeast, and Northeast regions of Brazil.

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Institutional Ownership by Quarter for Ultrapar Participacoes (NYSE:UGP)

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