Ultrapar Participações (NYSE:UGP) Shares Down 2.7%

Ultrapar Participações S.A. (NYSE:UGP)’s stock price fell 2.7% during trading on Friday . The stock traded as low as $3.92 and last traded at $3.92. 70,070 shares were traded during trading, a decline of 95% from the average session volume of 1,384,072 shares. The stock had previously closed at $4.03.

Analyst Ratings Changes

Several research firms recently commented on UGP. The Goldman Sachs Group boosted their price objective on shares of Ultrapar Participações from $5.30 to $6.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. StockNews.com downgraded shares of Ultrapar Participações from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. Citigroup upgraded shares of Ultrapar Participações from a “neutral” rating to a “buy” rating in a research note on Friday, June 14th. Finally, Itau BBA Securities downgraded shares of Ultrapar Participações from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 2nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $4.65.

Ultrapar Participações Price Performance

The company has a quick ratio of 1.23, a current ratio of 1.68 and a debt-to-equity ratio of 0.72. The firm’s fifty day moving average price is $4.62 and its two-hundred day moving average price is $5.29. The stock has a market capitalization of $4.37 billion, a PE ratio of 8.40, a PEG ratio of 2.99 and a beta of 1.63.

Ultrapar Participações (NYSE:UGP) last released its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.08 earnings per share for the quarter. Ultrapar Participações had a net margin of 2.07% and a return on equity of 19.30%. The firm had revenue of $6.14 billion during the quarter. On average, equities analysts predict that Ultrapar Participações S.A. will post 0.32 earnings per share for the current year.

Institutional Trading of Ultrapar Participações

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UGP. Blue Trust Inc. increased its holdings in Ultrapar Participações by 254.7% during the fourth quarter. Blue Trust Inc. now owns 5,796 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 4,162 shares during the last quarter. Assetmark Inc. purchased a new stake in shares of Ultrapar Participações in the fourth quarter worth $46,000. TCG Advisory Services LLC purchased a new stake in shares of Ultrapar Participações in the fourth quarter worth $62,000. D Orazio & Associates Inc. purchased a new stake in shares of Ultrapar Participações in the first quarter worth $66,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Ultrapar Participações in the first quarter worth $80,000. 3.58% of the stock is owned by hedge funds and other institutional investors.

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.