Ultrapar Participações (NYSE:UGP) Shares Gap Up to $3.83

Ultrapar Participações S.A. (NYSE:UGP)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $3.83, but opened at $3.95. Ultrapar Participações shares last traded at $3.96, with a volume of 67,666 shares changing hands.

Wall Street Analysts Forecast Growth

UGP has been the subject of several recent research reports. StockNews.com lowered Ultrapar Participações from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. The Goldman Sachs Group boosted their price target on Ultrapar Participações from $5.30 to $6.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Itau BBA Securities lowered Ultrapar Participações from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 2nd. Finally, Citigroup raised Ultrapar Participações from a “neutral” rating to a “buy” rating in a research note on Friday, June 14th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Ultrapar Participações presently has an average rating of “Hold” and a consensus target price of $4.65.

Ultrapar Participações Stock Up 3.9 %

The company has a debt-to-equity ratio of 0.72, a current ratio of 1.68 and a quick ratio of 1.23. The company has a market capitalization of $4.44 billion, a PE ratio of 7.98, a P/E/G ratio of 2.97 and a beta of 1.64. The business has a 50-day moving average of $4.54 and a 200 day moving average of $5.27.

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

Hedge Funds Weigh In On Ultrapar Participações

A number of large investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC lifted its stake in Ultrapar Participações by 211.7% in the third quarter. O Shaughnessy Asset Management LLC now owns 94,645 shares of the oil and gas company’s stock worth $347,000 after purchasing an additional 64,282 shares during the last quarter. Alpine Global Management LLC purchased a new stake in shares of Ultrapar Participações in the third quarter worth approximately $336,000. American Century Companies Inc. lifted its stake in shares of Ultrapar Participações by 8.2% during the 3rd quarter. American Century Companies Inc. now owns 1,382,989 shares of the oil and gas company’s stock worth $5,076,000 after acquiring an additional 104,754 shares during the last quarter. Fulton Bank N.A. purchased a new position in Ultrapar Participações during the 4th quarter valued at $155,000. Finally, SG Americas Securities LLC grew its position in Ultrapar Participações by 99.2% in the 4th quarter. SG Americas Securities LLC now owns 38,321 shares of the oil and gas company’s stock valued at $208,000 after acquiring an additional 19,080 shares during the last quarter. 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.