Point72 Asset Management L.P. Has $1.75 Million Stock Holdings in Ultrapar Participações S.A. (NYSE:UGP)

Point72 Asset Management L.P. increased its position in Ultrapar Participações S.A. (NYSE:UGP - Free Report) by 61.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 663,600 shares of the oil and gas company's stock after purchasing an additional 252,500 shares during the period. Point72 Asset Management L.P. owned 0.06% of Ultrapar Participações worth $1,745,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UGP. Mercer Global Advisors Inc. ADV bought a new stake in shares of Ultrapar Participações during the fourth quarter valued at approximately $29,000. Franklin Resources Inc. bought a new position in Ultrapar Participações in the fourth quarter worth about $31,000. Signaturefd LLC increased its holdings in shares of Ultrapar Participações by 23.0% during the fourth quarter. Signaturefd LLC now owns 19,705 shares of the oil and gas company's stock valued at $52,000 after acquiring an additional 3,688 shares in the last quarter. QRG Capital Management Inc. increased its holdings in Ultrapar Participações by 38.1% in the 4th quarter. QRG Capital Management Inc. now owns 20,609 shares of the oil and gas company's stock worth $54,000 after buying an additional 5,687 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in shares of Ultrapar Participações by 49.6% during the 4th quarter. Quadrant Capital Group LLC now owns 27,813 shares of the oil and gas company's stock worth $73,000 after purchasing an additional 9,220 shares during the period. 3.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

UGP has been the topic of a number of recent analyst reports. The Goldman Sachs Group upgraded Ultrapar Participações from a "neutral" rating to a "buy" rating and decreased their target price for the company from $4.10 to $3.20 in a research report on Friday, January 31st. Wall Street Zen downgraded Ultrapar Participações from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $3.20.

Ultrapar Participações Trading Up 2.5%

NYSE UGP traded up $0.08 during trading hours on Tuesday, hitting $3.04. 360,168 shares of the company's stock were exchanged, compared to its average volume of 1,680,411. The business's 50 day moving average is $3.03 and its 200-day moving average is $2.93. Ultrapar Participações S.A. has a 12-month low of $2.53 and a 12-month high of $4.72. The firm has a market capitalization of $3.39 billion, a P/E ratio of 6.62, a price-to-earnings-growth ratio of 2.39 and a beta of 1.13. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57.

Ultrapar Participações Cuts Dividend

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

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.