Key Points
- CEO Decio De Sampaio Amaral sold 8,000 Ultrapar shares at an average price of $6.93, generating $55,440 and reducing his direct ownership by 5.02%.
- Ultrapar reported quarterly EPS of $0.28, slightly above the $0.27 consensus estimate, while revenue reached $8 billion versus analysts’ $8.18 billion forecast.
- Analyst sentiment is moderately bullish, with a consensus “Moderate Buy” rating, although the average price target of $6.40 is below the stock’s reported $7.15 opening price.
Ultrapar Participacoes S.A. (NYSE:UGP - Get Free Report) CEO Decio De Sampaio Amaral sold 8,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $6.93, for a total transaction 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Ultrapar Participacoes Stock Up 0.3%
UGP opened at $7.15 on Friday. The company has a fifty day moving average of $6.15 and a two-hundred day moving average of $5.65. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 11.72, a PEG ratio of 0.43 and a beta of 0.73. Ultrapar Participacoes S.A. has a fifty-two week low of $3.58 and a fifty-two week high of $7.25. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.26 and a current ratio of 1.64.
Ultrapar Participacoes (NYSE:UGP - Get Free Report) last posted its earnings results on Wednesday, August 12th. The oil and gas company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.01. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%. The business had revenue of $8 billion for the quarter, compared to analyst estimates of $8.18 billion. On average, research analysts expect that Ultrapar Participacoes S.A. will post 0.78 earnings per share for the current year.
Ultrapar Participacoes Dividend Announcement
The firm also recently declared a dividend, which will be paid on Monday, September 14th. Investors of record on Wednesday, August 26th will be issued a $0.1932 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a yield of 599.0%. Ultrapar Participacoes's dividend payout ratio is presently 50.82%.
Wall Street Analysts Forecast Growth
UGP has been the topic of several research analyst reports. Weiss Ratings raised Ultrapar Participacoes from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 14th. Bank of America raised Ultrapar Participacoes from a "neutral" rating to a "buy" rating and upped their target price for the stock from $6.80 to $7.40 in a research note on Wednesday, July 8th. The Goldman Sachs Group decreased their target price on Ultrapar Participacoes from $6.50 to $5.80 and set a "neutral" rating on the stock in a research report on Wednesday, August 26th. Wall Street Zen raised shares of Ultrapar Participacoes from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 9th. Finally, UBS Group boosted their price target on shares of Ultrapar Participacoes from $7.00 to $7.20 and gave the stock a "buy" rating in a report on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, three have given 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 a consensus price target of $6.40.
Check Out Our Latest Report on Ultrapar Participacoes
Hedge Funds Weigh In On Ultrapar Participacoes
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership increased its holdings in shares of Ultrapar Participacoes by 235.7% in 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 during the last quarter. Renaissance Technologies LLC boosted its stake in Ultrapar Participacoes by 10.6% during the first 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 during the last quarter. Dimensional Fund Advisors LP boosted 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 last quarter. Banco BTG Pactual S.A. purchased a new stake in shares of Ultrapar Participacoes in the 4th quarter valued at approximately $2,631,000. Finally, Walleye Capital LLC grew its position in Ultrapar Participacoes by 118.2% in the first quarter. Walleye Capital LLC now owns 182,723 shares of the oil and gas company's stock worth $1,007,000 after acquiring an additional 98,978 shares during the period. 3.58% of the stock is currently owned by institutional investors and hedge funds.
Ultrapar Participacoes Company Profile
(
Get Free Report)
Ultrapar Participações SA is a Brazilian diversified holding company operating in the downstream energy and chemical sectors. Its Ipiranga unit runs one of Brazil's largest networks of fuel stations, supplying gasoline, ethanol, diesel and convenience-store products to retail and wholesale customers. Through Ultragaz, the company is a leading distributor of liquefied petroleum gas (LPG), offering cylinder and bulk gas solutions for residential, commercial and industrial use across urban and rural regions.
In the specialty chemicals arena, Ultrapar controls Oxiteno, which produces surfactants and specialty chemical formulations for industries such as personal care, oil and gas, agrochemicals and coatings.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
