Ultrapar Participações (NYSE:UGP) Sets New 12-Month Low – Here’s Why

Shares of Ultrapar Participações S.A. (NYSE:UGP) reached a new 52-week low during trading on Tuesday . The stock traded as low as $3.66 and last traded at $3.67, with a volume of 475597 shares changing hands. The stock had previously closed at $3.74.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on UGP. Hsbc Global Res raised shares of Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research report on Friday, July 19th. StockNews.com lowered Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Tuesday. HSBC raised Ultrapar Participações from a “reduce” rating to a “hold” rating in a research note on Friday, July 19th. Finally, The Goldman Sachs Group lowered their target price on Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a research note on Tuesday, July 23rd. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Ultrapar Participações presently has an average rating of “Hold” and an average price target of $5.20.

Ultrapar Participações Trading Down 1.3 %

The company has a quick ratio of 1.16, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. The company’s fifty day moving average price is $4.06 and its two-hundred day moving average price is $4.39. The firm has a market cap of $4.10 billion, a PE ratio of 7.08, a P/E/G ratio of 2.68 and a beta of 1.60.

Ultrapar Participações (NYSE:UGP) last announced its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. Ultrapar Participações had a return on equity of 20.24% and a net margin of 2.21%. The company had revenue of $6.21 billion for the quarter. As a group, sell-side analysts forecast that Ultrapar Participações S.A. will post 0.34 earnings per share for the current fiscal year.

Ultrapar Participações Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a dividend of $0.0446 per share. This represents a yield of 2.7%. The ex-dividend date of this dividend was Monday, August 19th. Ultrapar Participações’s dividend payout ratio is presently 15.38%.

Institutional Investors Weigh In On Ultrapar Participações

Hedge funds and other institutional investors have recently bought and sold shares of the business. Acadian Asset Management LLC increased its holdings in shares of Ultrapar Participações by 8.4% in the 2nd quarter. Acadian Asset Management LLC now owns 3,764,084 shares of the oil and gas company’s stock valued at $14,713,000 after purchasing an additional 293,036 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Ultrapar Participações by 57.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,450,300 shares of the oil and gas company’s stock valued at $9,581,000 after acquiring an additional 898,600 shares during the period. Hennessy Advisors Inc. purchased a new stake in shares of Ultrapar Participações during the 2nd quarter worth approximately $5,887,000. Marshall Wace LLP grew its holdings in shares of Ultrapar Participações by 332.6% in the 2nd quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock worth $5,591,000 after acquiring an additional 1,099,433 shares during the period. Finally, Longfellow Investment Management Co. LLC grew its holdings in shares of Ultrapar Participações by 27.3% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 441,527 shares of the oil and gas company’s stock worth $1,726,000 after acquiring an additional 94,761 shares during the period. Institutional investors and hedge funds own 3.58% of the company’s stock.

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.