Renaissance Technologies LLC lifted its stake in shares of Ultrapar Participacoes SA (NYSE:UGP) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,634,100 shares of the oil and gas company’s stock after buying an additional 22,500 shares during the quarter. Renaissance Technologies LLC owned 0.47% of Ultrapar Participacoes worth $59,873,000 as of its most recent filing with the SEC.
Other large investors also recently made changes to their positions in the company. Schwab Charles Investment Management Inc. raised its holdings in shares of Ultrapar Participacoes by 6.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 439,901 shares of the oil and gas company’s stock valued at $10,479,000 after buying an additional 24,882 shares during the period. Flossbach Von Storch AG raised its holdings in shares of Ultrapar Participacoes by 25.0% during the 4th quarter. Flossbach Von Storch AG now owns 50,000 shares of the oil and gas company’s stock valued at $1,137,000 after buying an additional 10,000 shares during the period. SG Americas Securities LLC raised its holdings in shares of Ultrapar Participacoes by 45.2% during the 3rd quarter. SG Americas Securities LLC now owns 71,226 shares of the oil and gas company’s stock valued at $1,697,000 after buying an additional 22,175 shares during the period. Timber Hill LLC purchased a new stake in shares of Ultrapar Participacoes during the 3rd quarter valued at about $379,000. Finally, State Street Corp raised its holdings in shares of Ultrapar Participacoes by 3.7% during the 2nd quarter. State Street Corp now owns 962,753 shares of the oil and gas company’s stock valued at $22,652,000 after buying an additional 34,776 shares during the period. Institutional investors and hedge funds own 4.46% of the company’s stock.
Shares of Ultrapar Participacoes SA (UGP) opened at $22.28 on Wednesday. The company has a market capitalization of $12,370.00, a PE ratio of 25.32 and a beta of 1.14. The company has a current ratio of 2.17, a quick ratio of 1.67 and a debt-to-equity ratio of 1.04. Ultrapar Participacoes SA has a twelve month low of $20.91 and a twelve month high of $26.48.
The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Monday, March 5th will be issued a dividend of $0.2775 per share. The ex-dividend date of this dividend is Friday, March 2nd. This is an increase from Ultrapar Participacoes’s previous semiannual dividend of $0.27. This represents a yield of 2.32%. Ultrapar Participacoes’s payout ratio is currently 62.50%.
Separately, Zacks Investment Research downgraded Ultrapar Participacoes from a “buy” rating to a “hold” rating in a report on Tuesday, December 19th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $25.00.
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Ultrapar Participacoes Profile
Ultrapar Participacoes SA is a Brazil-based company primarily engaged in the automotive fuel retail. The Company operates in five segments: Gas distribution (Ultragaz), which distributes liquefied petroleum gas (LPG) to residential, commercial and industrial consumers in the South, Southeast and Northeast regions of Brazil; Fuel distribution (Ipiranga), which operates the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles and lubricants, as well as provides related activities across the Brazilian territory; Chemicals (Oxiteno), which produces ethylene oxide, as well as its primary derivatives and fatty alcohols; Storage (Ultracargo), which operates liquid bulk terminals, primarily in the Southeast and Northeast regions of Brazil, and Drugstores (Extrafarma), which trades pharmaceutical, hygiene and beauty products through its drugstore chain in the states of Para and Piaui, among others.
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