Bleakley Financial Group LLC Has $64,000 Stock Holdings in Ultrapar Participações S.A. (NYSE:UGP)

Bleakley Financial Group LLC cut its stake in shares of Ultrapar Participações S.A. (NYSE:UGP) by 74.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,782 shares of the oil and gas company’s stock after selling 33,715 shares during the period. Bleakley Financial Group LLC’s holdings in Ultrapar Participações were worth $64,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Aprio Wealth Management LLC acquired a new position in Ultrapar Participações during the fourth quarter valued at $125,000. Fulton Bank N.A. acquired a new position in Ultrapar Participações during the fourth quarter valued at $155,000. Alpine Global Management LLC acquired a new position in Ultrapar Participações during the third quarter valued at $336,000. Blue Trust Inc. raised its position in Ultrapar Participações by 254.7% during the fourth quarter. Blue Trust Inc. now owns 5,796 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 4,162 shares during the period. Finally, Ritholtz Wealth Management raised its position in Ultrapar Participações by 453.0% during the fourth quarter. Ritholtz Wealth Management now owns 108,623 shares of the oil and gas company’s stock valued at $589,000 after buying an additional 88,980 shares during the period. 3.58% of the stock is owned by institutional investors and hedge funds.

Ultrapar Participações Stock Performance

Shares of NYSE UGP opened at $5.14 on Wednesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.28 and a current ratio of 1.66. The firm has a market cap of $5.73 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 3.28 and a beta of 1.59. The business’s 50-day simple moving average is $5.80 and its 200-day simple moving average is $5.23. Ultrapar Participações S.A. has a 52 week low of $2.74 and a 52 week high of $6.34.

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. The business had revenue of $6.75 billion for the quarter. Ultrapar Participações had a return on equity of 18.86% and a net margin of 1.95%. As a group, equities research analysts expect that Ultrapar Participações S.A. will post 0.32 earnings per share for the current fiscal year.

Ultrapar Participações Increases Dividend

The business also recently disclosed 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 is a positive change from Ultrapar Participações’s previous semi-annual dividend of $0.05. The ex-dividend date was Friday, March 8th. This represents a dividend yield of 2%. Ultrapar Participações’s dividend payout ratio is currently 31.11%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. StockNews.com upgraded Ultrapar Participações from a “buy” rating to a “strong-buy” rating in a research note on Saturday, February 24th. The Goldman Sachs Group boosted their target price on Ultrapar Participações from $5.30 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Finally, Itau BBA Securities downgraded Ultrapar Participações from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $4.37.

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.