150,707 Shares of Ultrapar Participacoes S.A. $UGP Bought by TD Waterhouse Canada Inc.

TD Waterhouse Canada Inc. bought a new position in shares of Ultrapar Participacoes S.A. (NYSE:UGP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 150,707 shares of the oil and gas company’s stock, valued at approximately $1,108,000.

Several other institutional investors also recently modified their holdings of the stock. Renaissance Technologies LLC grew its position in shares of Ultrapar Participacoes by 10.6% during the 1st 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 period. Allianz Asset Management GmbH acquired a new stake in shares of Ultrapar Participacoes in the 2nd quarter valued at approximately $6,704,000. Dimensional Fund Advisors LP raised its position in shares of Ultrapar Participacoes by 42.7% in 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 period. Arrowstreet Capital Limited Partnership boosted its stake in Ultrapar Participacoes by 235.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 927,216 shares of the oil and gas company’s stock worth $5,109,000 after acquiring an additional 650,988 shares during the last quarter. Finally, Kapitalo Investimentos Ltda boosted its stake in Ultrapar Participacoes by 4.6% during the 1st quarter. Kapitalo Investimentos Ltda now owns 915,468 shares of the oil and gas company’s stock worth $5,044,000 after acquiring an additional 40,586 shares during the last quarter. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Decio De Sampaio Amaral sold 8,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer directly owned 151,432 shares of the company’s stock, valued at approximately $1,049,423.76. This represents a 5.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andre Saleme Hachem sold 39,200 shares of the firm’s stock in a transaction that occurred on Tuesday, September 22nd. The stock was 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 in the company, valued at $196,927.25. This trade represents a 60.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 77,785 shares of company stock valued at $587,312. 1.80% of the stock is owned by corporate insiders.

Ultrapar Participacoes Stock Down 2.2%

NYSE:UGP opened at $7.79 on Friday. Ultrapar Participacoes S.A. has a 1 year low of $3.60 and a 1 year high of $8.28. The stock has a 50-day moving average price of $7.30 and a two-hundred day moving average price of $6.24. The stock has a market cap of $8.70 billion, a price-to-earnings ratio of 12.78, a PEG ratio of 0.45 and a beta of 0.71. 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 (NYSE:UGP) last released its quarterly earnings results on Wednesday, August 12th. The oil and gas company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. The company had revenue of $8 billion for the quarter, compared to analyst estimates of $8.18 billion. Ultrapar Participacoes had a return on equity of 18.84% and a net margin of 2.28%. As a group, equities analysts expect that Ultrapar Participacoes S.A. will post 0.84 earnings per share for the current year.

Ultrapar Participacoes Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Monday, September 14th. Investors of record on Wednesday, August 26th were given a $0.1932 dividend. The ex-dividend date was Wednesday, August 26th. This represents a dividend yield of 599.0%. Ultrapar Participacoes’s payout ratio is currently 50.82%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UGP. The Goldman Sachs Group decreased their price objective on shares of Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating for the company in a report on Wednesday, August 26th. JPMorgan Chase & Co. downgraded shares of Ultrapar Participacoes from an “overweight” rating to a “neutral” rating in a research note on Thursday. Scotiabank lowered shares of Ultrapar Participacoes from a “sector outperform” rating to a “hold” rating in a report on Thursday, September 17th. Weiss Ratings cut shares of Ultrapar Participacoes from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. Finally, Bank of America raised shares of Ultrapar Participacoes from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $6.80 to $7.40 in a research report on Wednesday, July 8th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, Ultrapar Participacoes has a consensus rating of “Moderate Buy” and a consensus price target of $6.54.

Ultrapar Participacoes Profile

Ultrapar Participações SA is a Brazilian holding company whose businesses focus on fuel distribution, liquefied petroleum gas and transportation infrastructure. Through its subsidiaries, the company serves commercial, industrial, retail and residential customers, primarily in Brazil.

Ipiranga is Ultrapar’s fuel-distribution business, supplying gasoline, ethanol, diesel and other fuels through a network of service stations and commercial channels. Ultragaz distributes liquefied petroleum gas for household, commercial and industrial use, including bottled and bulk products.

Ultrapar also operates Ultracargo, a provider of liquid bulk storage and transportation infrastructure for fuels, chemicals and other products.