Hennessy Advisors Inc. Purchases New Stake in Ultrapar Participações S.A. (NYSE:UGP)

Hennessy Advisors Inc. purchased a new stake in shares of Ultrapar Participações S.A. (NYSE:UGP) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 1,505,500 shares of the oil and gas company’s stock, valued at approximately $5,887,000. Hennessy Advisors Inc. owned approximately 0.13% of Ultrapar Participações as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of UGP. Acadian Asset Management LLC raised its position in Ultrapar Participações by 175.6% in the first quarter. Acadian Asset Management LLC now owns 3,471,048 shares of the oil and gas company’s stock valued at $19,850,000 after purchasing an additional 2,211,696 shares during the period. Natixis Advisors L.P. acquired a new position in Ultrapar Participações during the 4th quarter worth approximately $1,169,000. US Bancorp DE boosted its holdings in Ultrapar Participações by 1,497.3% in the 4th quarter. US Bancorp DE now owns 153,473 shares of the oil and gas company’s stock worth $832,000 after acquiring an additional 143,865 shares during the period. O Shaughnessy Asset Management LLC grew its position in Ultrapar Participações by 60.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 356,835 shares of the oil and gas company’s stock valued at $2,041,000 after acquiring an additional 133,791 shares in the last quarter. Finally, Capital Wealth Planning LLC purchased a new stake in shares of Ultrapar Participações during the fourth quarter valued at approximately $557,000. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on UGP shares. Citigroup raised shares of Ultrapar Participações from a “neutral” rating to a “buy” rating in a report on Friday, June 14th. Hsbc Global Res upgraded Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research note on Friday, July 19th. The Goldman Sachs Group dropped their price objective on Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a report on Tuesday, July 23rd. StockNews.com lowered Ultrapar Participações from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. Finally, HSBC raised shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a research report on Friday, July 19th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $4.25.

Ultrapar Participações Trading Up 1.2 %

NYSE:UGP opened at $4.27 on Friday. The company has a market cap of $4.76 billion, a PE ratio of 8.79, a P/E/G ratio of 3.57 and a beta of 1.64. The business’s 50 day moving average is $4.10 and its two-hundred day moving average is $4.91. The company has a quick ratio of 1.16, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. Ultrapar Participações S.A. has a 52 week low of $3.39 and a 52 week high of $6.34.

Ultrapar Participações (NYSE:UGP) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. The company had revenue of $6.21 billion for the quarter. On average, analysts predict that Ultrapar Participações S.A. will post 0.3 EPS for the current year.

Ultrapar Participações Cuts Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, September 3rd. Investors of record on Monday, August 19th will be given a dividend of $0.0446 per share. The ex-dividend date of this dividend is Monday, August 19th. This represents a yield of 2.7%. Ultrapar Participações’s dividend payout ratio is currently 29.17%.

About Ultrapar Participações

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.