Cubist Systematic Strategies LLC Purchases 485,299 Shares of Ultrapar Participações S.A. (NYSE:UGP)

Cubist Systematic Strategies LLC boosted its position in Ultrapar Participações S.A. (NYSE:UGP - Free Report) by 194.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 734,949 shares of the oil and gas company's stock after purchasing an additional 485,299 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.07% of Ultrapar Participações worth $1,933,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in UGP. Jane Street Group LLC increased its stake in shares of Ultrapar Participações by 26.0% during the third quarter. Jane Street Group LLC now owns 48,712 shares of the oil and gas company's stock valued at $189,000 after purchasing an additional 10,037 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Ultrapar Participações by 194.7% during the third quarter. JPMorgan Chase & Co. now owns 159,142 shares of the oil and gas company's stock valued at $617,000 after purchasing an additional 105,133 shares in the last quarter. Hennessy Advisors Inc. increased its stake in shares of Ultrapar Participações by 6.8% during the fourth quarter. Hennessy Advisors Inc. now owns 1,811,400 shares of the oil and gas company's stock valued at $4,764,000 after purchasing an additional 115,600 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Ultrapar Participações in the fourth quarter worth $374,000. Finally, Blue Trust Inc. grew its stake in shares of Ultrapar Participações by 72.4% in the fourth quarter. Blue Trust Inc. now owns 57,100 shares of the oil and gas company's stock worth $150,000 after acquiring an additional 23,976 shares during the last quarter. Institutional investors own 3.58% of the company's stock.

Ultrapar Participações Price Performance

NYSE UGP opened at $2.91 on Monday. The business's fifty day moving average price is $3.00 and its 200-day moving average price is $2.98. The stock has a market capitalization of $3.25 billion, a price-to-earnings ratio of 6.33, a PEG ratio of 2.39 and a beta of 1.13. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11. Ultrapar Participações S.A. has a 1-year low of $2.53 and a 1-year high of $4.96.

Ultrapar Participações Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, March 24th. Investors of record on Monday, March 10th were issued a $0.0774 dividend. This represents a dividend yield of 3.8%. The ex-dividend date of this dividend was Monday, March 10th. Ultrapar Participações's payout ratio is 36.11%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. The Goldman Sachs Group raised Ultrapar Participações from a "neutral" rating to a "buy" rating and cut their target price for the stock from $4.10 to $3.20 in a research note on Friday, January 31st. StockNews.com raised shares of Ultrapar Participações from a "hold" rating to a "buy" rating in a research report on Friday. HSBC raised shares of Ultrapar Participações from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. Finally, Hsbc Global Res raised shares of Ultrapar Participações from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 17th. One equities research analyst has rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $3.20.

Ultrapar Participações Profile

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.

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