Envestnet Asset Management Inc. Reduces Holdings in Ultrapar Participações S.A. (NYSE:UGP)

Envestnet Asset Management Inc. lessened its stake in Ultrapar Participações S.A. (NYSE:UGP - Free Report) by 79.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 33,277 shares of the oil and gas company's stock after selling 132,693 shares during the period. Envestnet Asset Management Inc.'s holdings in Ultrapar Participações were worth $88,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Hennessy Advisors Inc. boosted its holdings in Ultrapar Participações by 6.8% in the fourth quarter. Hennessy Advisors Inc. now owns 1,811,400 shares of the oil and gas company's stock worth $4,764,000 after acquiring an additional 115,600 shares in the last quarter. American Century Companies Inc. boosted its holdings in Ultrapar Participações by 6.5% in the fourth quarter. American Century Companies Inc. now owns 1,776,107 shares of the oil and gas company's stock worth $4,671,000 after acquiring an additional 108,213 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Ultrapar Participações by 763.8% in the fourth quarter. JPMorgan Chase & Co. now owns 1,374,747 shares of the oil and gas company's stock worth $3,616,000 after acquiring an additional 1,215,605 shares in the last quarter. Wellington Management Group LLP boosted its holdings in Ultrapar Participações by 162.2% in the fourth quarter. Wellington Management Group LLP now owns 599,642 shares of the oil and gas company's stock worth $1,577,000 after acquiring an additional 370,960 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Ultrapar Participações during the fourth quarter worth about $374,000. Hedge funds and other institutional investors own 3.58% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. StockNews.com raised Ultrapar Participações from a "hold" rating to a "buy" rating in a report on Friday. The Goldman Sachs Group raised Ultrapar Participações from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $4.10 to $3.20 in a report on Friday, January 31st. Hsbc Global Res upgraded Ultrapar Participações from a "hold" rating to a "strong-buy" rating in a research report on Friday, January 17th. Finally, HSBC upgraded Ultrapar Participações from a "hold" rating to a "buy" rating in a research report on Friday, January 17th. One 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's stock. According to MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $3.20.

Ultrapar Participações Stock Performance

UGP stock traded down $0.05 during trading on Monday, hitting $2.88. 1,511,995 shares of the company traded hands, compared to its average volume of 1,642,859. The stock's 50-day simple moving average is $3.00 and its 200 day simple moving average is $2.98. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11. The company has a market cap of $3.21 billion, a PE ratio of 6.25, a P/E/G ratio of 2.39 and a beta of 1.13. 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. Stockholders of record on Monday, March 10th were given a $0.0774 dividend. This represents a dividend yield of 3.8%. The ex-dividend date was Monday, March 10th. Ultrapar Participações's dividend payout ratio (DPR) is presently 36.11%.

Ultrapar Participações Company 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.