Andre Saleme Hachem Sells 39,200 Shares of Ultrapar Participacoes (NYSE:UGP) Stock

Key Points

• CFO Andre Saleme Hachem sold 39,200 Ultrapar shares at an average price of $7.67, generating $300,664 and reducing his ownership by 60.42% to 25,675 shares.
• Ultrapar shares fell 1.4% to $7.58, though the company recently exceeded quarterly earnings expectations with EPS of $0.28 versus the $0.27 consensus estimate.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating, while price targets vary widely; institutional investors collectively own 3.58% of the stock.

Ultrapar Participacoes S.A. (NYSE:UGP - Get Free Report) CFO Andre Saleme Hachem sold 39,200 shares of the company's stock in a transaction that occurred 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 sale, the chief financial officer owned 25,675 shares in the company, valued at $196,927.25. The trade was a 60.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Andre Saleme Hachem also recently made the following trade(s):

• On Tuesday, August 18th, Andre Saleme Hachem sold 585 shares of Ultrapar Participacoes stock. The shares were sold at an average price of $6.51, for a total transaction of $3,808.35.

Ultrapar Participacoes Stock Down 1.4%

Shares of UGP traded down $0.11 during midday trading on Wednesday, reaching $7.58. The stock had a trading volume of 1,089,844 shares, compared to its average volume of 3,039,834. The company has a market cap of $8.46 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 0.42 and a beta of 0.73. The company's fifty day simple moving average is $6.69 and its two-hundred day simple moving average is $5.87. Ultrapar Participacoes S.A. has a 1-year low of $3.60 and a 1-year high of $7.75. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.64 and a quick ratio of 1.26.

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

Ultrapar Participacoes Dividend Announcement

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP increased its holdings in shares of Ultrapar Participacoes by 419.7% in the 2nd quarter. Engineers Gate Manager LP now owns 257,957 shares of the oil and gas company's stock valued at $1,295,000 after purchasing an additional 208,319 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its position in Ultrapar Participacoes by 235.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 927,216 shares of the oil and gas company's stock worth $5,109,000 after buying an additional 650,988 shares during the period. Renaissance Technologies LLC increased its holdings in Ultrapar Participacoes by 10.6% in the first quarter. Renaissance Technologies LLC now owns 3,740,700 shares of the oil and gas company's stock valued at $20,611,000 after buying an additional 357,922 shares in the last quarter. Allianz Asset Management GmbH purchased a new position in Ultrapar Participacoes in the second quarter valued at about $6,704,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Ultrapar Participacoes by 42.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 945,625 shares of the oil and gas company's stock valued at $5,210,000 after acquiring an additional 282,887 shares during the period. 3.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. UBS Group upped their target price on shares of Ultrapar Participacoes from $7.20 to $7.90 and gave the company a "buy" rating in a report on Friday, September 4th. Bank of America upgraded shares of Ultrapar Participacoes from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $6.80 to $7.40 in a research note on Wednesday, July 8th. Scotiabank lowered Ultrapar Participacoes from a "sector outperform" rating to a "hold" rating in a report on Thursday, September 17th. The Goldman Sachs Group decreased their target price on Ultrapar Participacoes from $6.50 to $5.80 and set a "neutral" rating for the company in a research report on Wednesday, August 26th. Finally, Weiss Ratings upgraded Ultrapar Participacoes from a "buy (b-)" rating to a "buy (b)" rating in a research note on Monday. One 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 MarketBeat.com, Ultrapar Participacoes presently has a consensus rating of "Moderate Buy" and an average price target of $6.54.

Ultrapar Participacoes Company Profile

Ultrapar Participações SA is a Brazilian holding company with operations focused on fuel distribution, liquefied petroleum gas and bulk liquid storage. The company traces its origins to 1937, when it was established as Companhia Brasileira de Gás a Domicílio, the predecessor of Ultragaz. Ultrapar's American depositary shares trade on the New York Stock Exchange under the symbol UGP.

Its principal businesses include Ipiranga, a fuel distribution company that supplies gasoline, ethanol, diesel and other fuels through a nationwide network of service stations.

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