Kapitalo Investimentos Ltda Sells 755,595 Shares of Ultrapar Participacoes S.A. $UGP

Key Points

• Kapitalo Investimentos cut its Ultrapar Participacoes stake by 96.9%, selling 755,595 shares and retaining 23,814 shares valued at approximately $174,000. Institutional investors collectively own 3.58% of UGP.
• Analyst sentiment remains broadly positive, with an average rating of “Moderate Buy” and a consensus price target of $6.54, though ratings range from Strong Buy to Hold.
• UGP shares opened at $7.93, near their 12-month high of $8.28. The company recently beat quarterly EPS expectations, reporting $0.28 versus a $0.27 consensus estimate, and paid a $0.1932-per-share dividend.

Kapitalo Investimentos Ltda lowered its holdings in shares of Ultrapar Participacoes S.A. (NYSE:UGP - Free Report) by 96.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,814 shares of the oil and gas company's stock after selling 755,595 shares during the quarter. Kapitalo Investimentos Ltda's holdings in Ultrapar Participacoes were worth $174,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. EverSource Wealth Advisors LLC lifted its stake in shares of Ultrapar Participacoes by 45.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 1,982 shares during the last quarter. R Squared Ltd bought a new stake in Ultrapar Participacoes in the first quarter worth $55,000. Allspring Global Investments Holdings LLC acquired a new position in Ultrapar Participacoes during the first quarter worth $62,000. Royal Bank of Canada increased its position in Ultrapar Participacoes by 165.5% during the first quarter. Royal Bank of Canada now owns 12,390 shares of the oil and gas company's stock worth $68,000 after buying an additional 7,724 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in Ultrapar Participacoes during the fourth quarter worth $57,000. Institutional investors own 3.58% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on UGP. Weiss Ratings lowered Ultrapar Participacoes from a "buy (b)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. UBS Group boosted their price target on Ultrapar Participacoes from $7.20 to $7.90 and gave the stock a "buy" rating in a research report on Friday, September 4th. The Goldman Sachs Group decreased their price target on shares of Ultrapar Participacoes from $6.50 to $5.80 and set a "neutral" rating for the company in a report on Wednesday, August 26th. Zacks Research raised Ultrapar Participacoes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 15th. Finally, Scotiabank downgraded Ultrapar Participacoes from a "sector outperform" rating to a "hold" rating in a research report on Thursday, September 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $6.54.

Ultrapar Participacoes Stock Performance

Shares of NYSE UGP opened at $7.93 on Wednesday. Ultrapar Participacoes S.A. has a 12 month low of $3.60 and a 12 month high of $8.28. The company has a market cap of $8.84 billion, a P/E ratio of 12.74, a P/E/G ratio of 0.43 and a beta of 0.71. The business's 50 day moving average is $7.22 and its two-hundred day moving average is $6.21. The company has a quick ratio of 1.26, a current ratio of 1.64 and a debt-to-equity ratio of 0.74.

Ultrapar Participacoes (NYSE:UGP - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.01. The company had revenue of $8 billion during the quarter, compared to analysts' expectations of $8.18 billion. Ultrapar Participacoes had a return on equity of 18.84% and a net margin of 2.28%. On average, equities analysts expect that Ultrapar Participacoes S.A. will post 0.84 EPS for the current year.

Ultrapar Participacoes Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, September 14th. Investors of record on Wednesday, August 26th were paid a dividend of $0.1932 per share. This represents a yield of 599.0%. The ex-dividend date was Wednesday, August 26th. Ultrapar Participacoes's dividend payout ratio is presently 50.82%.

Insider Activity at Ultrapar Participacoes

In other Ultrapar Participacoes news, CEO Decio De Sampaio Amaral sold 8,000 shares of the firm's stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $6.93, for a total value of $55,440.00. Following the sale, the chief executive officer directly owned 151,432 shares in the company, valued at $1,049,423.76. This trade represents a 5.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Andre Saleme Hachem sold 39,200 shares of the firm's stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $7.67, for a total transaction of $300,664.00. Following the completion of the sale, the chief financial officer owned 25,675 shares in the company, valued at $196,927.25. This represents a 60.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 77,785 shares of company stock worth $587,312 in the last ninety days. 1.80% of the stock is currently owned by insiders.

Ultrapar Participacoes Company Profile

Ultrapar Participações SA is a Brazilian holding company whose businesses focus on fuel distribution, liquefied petroleum gas and transportation infrastructure. Through its subsidiaries, the company serves commercial, industrial, retail and residential customers, primarily in Brazil.

Ipiranga is Ultrapar's fuel-distribution business, supplying gasoline, ethanol, diesel and other fuels through a network of service stations and commercial channels. Ultragaz distributes liquefied petroleum gas for household, commercial and industrial use, including bottled and bulk products.

Ultrapar also operates Ultracargo, a provider of liquid bulk storage and transportation infrastructure for fuels, chemicals and other products.

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