Mitsubishi UFJ Trust & Banking Corp Has $38,000 Stock Position in Ultrapar Participações S.A. (NYSE:UGP)

Mitsubishi UFJ Trust & Banking Corp cut its holdings in shares of Ultrapar Participações S.A. (NYSE:UGP) by 24.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,622 shares of the oil and gas company’s stock after selling 4,692 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Ultrapar Participações were worth $38,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Hennessy Advisors Inc. increased its holdings in Ultrapar Participações by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 1,811,400 shares of the oil and gas company’s stock worth $4,764,000 after purchasing an additional 115,600 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Ultrapar Participações by 6.5% during the fourth quarter. American Century Companies Inc. now owns 1,776,107 shares of the oil and gas company’s stock valued at $4,671,000 after buying an additional 108,213 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in Ultrapar Participações during the third quarter worth $1,595,000. The Manufacturers Life Insurance Company raised its position in Ultrapar Participações by 6.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 251,203 shares of the oil and gas company’s stock valued at $975,000 after buying an additional 15,517 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Ultrapar Participações by 194.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 159,142 shares of the oil and gas company’s stock valued at $617,000 after acquiring an additional 105,133 shares in the last quarter. Institutional investors and hedge funds own 3.58% of the company’s stock.

Ultrapar Participações Stock Performance

Shares of UGP stock opened at $3.10 on Thursday. The company has a quick ratio of 1.11, a current ratio of 1.57 and a debt-to-equity ratio of 0.76. The firm has a market cap of $3.46 billion, a P/E ratio of 6.74, a PEG ratio of 2.39 and a beta of 1.42. The company has a 50 day moving average of $2.93 and a 200-day moving average of $3.15. Ultrapar Participações S.A. has a 12-month low of $2.53 and a 12-month high of $5.85.

Ultrapar Participações Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were given a $0.0774 dividend. This represents a yield of 3.8%. The ex-dividend date was Monday, March 10th. Ultrapar Participações’s dividend payout ratio is currently 33.33%.

Wall Street Analyst Weigh In

UGP has been the subject of several recent analyst reports. HSBC upgraded shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Hsbc Global Res upgraded shares of Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. JPMorgan Chase & Co. raised shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. Scotiabank raised Ultrapar Participações to a “hold” rating in a research report on Friday, December 27th. Finally, The Goldman Sachs Group raised Ultrapar Participações from a “neutral” rating to a “buy” rating and cut their price objective for the stock from $4.10 to $3.20 in a research report on Friday, January 31st. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $3.20.

Ultrapar Participações Company Profile

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.