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 reported quarterly EPS of $0.28, slightly exceeding analyst expectations, while revenue reached $8 billion. The company also paid a $0.1932 dividend, with a 50.82% payout ratio.
- Analyst sentiment remains mixed but leans positive, with an overall “Moderate Buy” rating and an average price target of $6.54; institutional investors 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 dated Tuesday, September 22nd. The shares were 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 of the company's stock, valued at approximately $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 Securities & Exchange Commission, which is available at this hyperlink.
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 value of $3,808.35.
Ultrapar Participacoes Stock Down 0.3%
UGP opened at $7.67 on Thursday. The company has a market cap of $8.55 billion, a P/E ratio of 12.57, a P/E/G ratio of 0.43 and a beta of 0.73. The business's 50-day moving average price is $6.72 and its 200-day moving average price is $5.89. The company has a current ratio of 1.64, a quick ratio of 1.26 and a debt-to-equity ratio of 0.74. Ultrapar Participacoes S.A. has a 12 month low of $3.60 and a 12 month high of $7.78.
Ultrapar Participacoes (NYSE:UGP - Get Free Report) last issued its earnings results 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 Announces Dividend
The business also recently disclosed a dividend, which was paid on Monday, September 14th. Shareholders of record on Wednesday, August 26th were given a $0.1932 dividend. The ex-dividend date was Wednesday, August 26th. This represents a yield of 599.0%. Ultrapar Participacoes's payout ratio is presently 50.82%.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on UGP. The Goldman Sachs Group dropped their price objective on Ultrapar Participacoes from $6.50 to $5.80 and set a "neutral" rating for the company in a research note on Wednesday, August 26th. UBS Group upped their price target 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 raised shares of Ultrapar Participacoes from a "neutral" rating to a "buy" rating and raised their price target for the stock from $6.80 to $7.40 in a report on Wednesday, July 8th. Scotiabank downgraded shares of Ultrapar Participacoes from a "sector outperform" rating to a "hold" rating in a research note on Thursday, September 17th. Finally, Weiss Ratings upgraded shares of Ultrapar Participacoes from a "buy (b-)" rating to a "buy (b)" rating in a report on Monday. One investment 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. Based on data from MarketBeat, Ultrapar Participacoes currently has an average rating of "Moderate Buy" and an average target price of $6.54.
Read Our Latest Analysis on Ultrapar Participacoes
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in UGP. Engineers Gate Manager LP raised its position 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 worth $1,295,000 after acquiring an additional 208,319 shares in the last quarter. Integrated Wealth Concepts LLC bought a new stake in shares of Ultrapar Participacoes during the second quarter valued at approximately $212,000. Nykredit A S bought a new stake in shares of Ultrapar Participacoes during the second quarter valued at approximately $93,000. Allianz Asset Management GmbH purchased a new stake in Ultrapar Participacoes in the second quarter worth $6,704,000. Finally, Corient Private Wealth LP grew its stake in Ultrapar Participacoes by 2.7% in the second quarter. Corient Private Wealth LP now owns 62,497 shares of the oil and gas company's stock worth $314,000 after purchasing an additional 1,651 shares during the period. Hedge funds and other institutional investors own 3.58% of the company's stock.
About Ultrapar Participacoes
(
Get Free Report)
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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