Pedro Guedes Rabelo Sells 30,000 Shares of Ultrapar Participacoes (NYSE:UGP) Stock

Key Points

• Insider sale: Pedro Guedes Rabelo sold 30,000 Ultrapar shares at an average price of $7.58, reducing his direct holdings by 34.13% to 57,898 shares.
• Operating results: Ultrapar reported quarterly EPS of $0.28, slightly above the $0.27 consensus estimate, while revenue totaled $8 billion versus expectations of $8.18 billion. The stock recently traded at $7.45, near its 52-week high of $7.63.
• Investor outlook: The company declared a $0.1932-per-share dividend, and analysts collectively rate the stock “Moderate Buy,” despite a $6.54 average price target. Institutional investors own 3.58% of the company, with several major funds increasing their positions.

Ultrapar Participacoes S.A. (NYSE:UGP - Get Free Report) insider Pedro Guedes Rabelo sold 30,000 shares of the firm's stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $7.58, for a total value of $227,400.00. Following the completion of the sale, the insider directly owned 57,898 shares of the company's stock, valued at $438,866.84. The trade was a 34.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Ultrapar Participacoes Stock Down 0.1%

UGP traded down $0.01 on Monday, hitting $7.45. The company had a trading volume of 1,645,066 shares, compared to its average volume of 3,032,669. The stock has a fifty day simple moving average of $6.44 and a 200-day simple moving average of $5.74. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.64 and a quick ratio of 1.26. The firm has a market capitalization of $8.30 billion, a P/E ratio of 12.19, a P/E/G ratio of 0.42 and a beta of 0.73. Ultrapar Participacoes S.A. has a 52-week low of $3.60 and a 52-week high of $7.63.

Ultrapar Participacoes (NYSE:UGP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The oil and gas company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $8 billion for 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%. As a group, equities analysts expect that Ultrapar Participacoes S.A. will post 0.84 EPS for the current fiscal year.

Ultrapar Participacoes Announces Dividend

The firm also recently declared a dividend, which will be paid on Monday, September 14th. Investors of record on Wednesday, August 26th will be given a dividend of $0.1932 per share. This represents a yield of 599.0%. The ex-dividend date of this dividend is Wednesday, August 26th. Ultrapar Participacoes's dividend payout ratio (DPR) is 50.82%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on UGP. The Goldman Sachs Group cut their price objective on shares of Ultrapar Participacoes from $6.50 to $5.80 and set a "neutral" rating on the stock in a report on Wednesday, August 26th. Bank of America raised Ultrapar Participacoes from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $6.80 to $7.40 in a research report on Wednesday, July 8th. Weiss Ratings upgraded Ultrapar Participacoes from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 14th. Finally, UBS Group raised their price objective on Ultrapar Participacoes from $7.20 to $7.90 and gave the company a "buy" rating in a research report on Friday, September 4th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $6.54.

Hedge Funds Weigh In On Ultrapar Participacoes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UGP. Arrowstreet Capital Limited Partnership lifted its holdings in shares of 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 valued at $5,109,000 after purchasing an additional 650,988 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Ultrapar Participacoes by 10.6% in the 1st quarter. Renaissance Technologies LLC now owns 3,740,700 shares of the oil and gas company's stock worth $20,611,000 after buying an additional 357,922 shares in the last quarter. Allianz Asset Management GmbH bought a new stake in Ultrapar Participacoes in the 2nd quarter worth about $6,704,000. Dimensional Fund Advisors LP raised its position in Ultrapar Participacoes by 42.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 945,625 shares of the oil and gas company's stock worth $5,210,000 after buying an additional 282,887 shares during the last quarter. Finally, Banco BTG Pactual S.A. purchased a new position in Ultrapar Participacoes in the 4th quarter worth about $2,631,000. 3.58% of the stock is owned by institutional investors.

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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