Ultrapar Participacoes SA (UGP) Position Lifted by Jane Street Group LLC

Jane Street Group LLC increased its stake in Ultrapar Participacoes SA (NYSE:UGP) by 1,116.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 287,702 shares of the oil and gas company’s stock after buying an additional 264,056 shares during the quarter. Jane Street Group LLC owned about 0.05% of Ultrapar Participacoes worth $3,895,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. CIBC World Markets Inc. purchased a new stake in shares of Ultrapar Participacoes in the third quarter valued at approximately $134,000. Great West Life Assurance Co. Can increased its holdings in shares of Ultrapar Participacoes by 71.8% in the 3rd quarter. Great West Life Assurance Co. Can now owns 44,076 shares of the oil and gas company’s stock valued at $409,000 after acquiring an additional 18,426 shares during the last quarter. Panagora Asset Management Inc. increased its holdings in shares of Ultrapar Participacoes by 92.3% in the 3rd quarter. Panagora Asset Management Inc. now owns 19,957 shares of the oil and gas company’s stock valued at $185,000 after acquiring an additional 9,581 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Ultrapar Participacoes by 3.0% during the 3rd quarter. Dimensional Fund Advisors LP now owns 538,514 shares of the oil and gas company’s stock worth $4,996,000 after buying an additional 15,533 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new stake in Ultrapar Participacoes during the 3rd quarter worth approximately $999,000. Institutional investors own 4.31% of the company’s stock.

Shares of Ultrapar Participacoes stock traded up $0.21 during trading on Monday, hitting $11.58. 998,452 shares of the stock were exchanged, compared to its average volume of 797,598. The firm has a market capitalization of $6.33 billion, a PE ratio of 20.68 and a beta of 0.31. The company has a debt-to-equity ratio of 1.32, a current ratio of 2.56 and a quick ratio of 2.03. Ultrapar Participacoes SA has a 1-year low of $8.86 and a 1-year high of $19.42.

Ultrapar Participacoes (NYSE:UGP) last posted its earnings results on Wednesday, February 20th. The oil and gas company reported $0.25 earnings per share for the quarter. Ultrapar Participacoes had a net margin of 1.23% and a return on equity of 11.47%. The firm had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.61 billion. As a group, analysts expect that Ultrapar Participacoes SA will post 0.7 EPS for the current year.

The company also recently declared a semiannual dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were paid a $0.1858 dividend. This represents a yield of 2.58%. The ex-dividend date of this dividend was Friday, March 1st. Ultrapar Participacoes’s payout ratio is 60.71%.

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Ultrapar Participacoes in a report on Friday, March 22nd. ValuEngine cut Ultrapar Participacoes from a “hold” rating to a “sell” rating in a research note on Thursday, February 7th. Finally, Zacks Investment Research raised Ultrapar Participacoes from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $18.00.

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Ultrapar Participacoes Profile

Ultrapar Participações SA engages in gas distribution, fuel distribution, chemicals, storage, and drugstores businesses in Brazil, Mexico, United Stated, Uruguay, and Venezuela. The company's Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers, as well as independent dealers, primarily in the South, Southeast, and Northeast regions of Brazil.

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Institutional Ownership by Quarter for Ultrapar Participacoes (NYSE:UGP)

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