Brokerages Set Ultrapar Participações S.A. (NYSE:UGP) PT at $4.25

Shares of Ultrapar Participações S.A. (NYSE:UGP) have received a consensus rating of “Hold” from the six brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $4.25.

Several equities research analysts have recently commented on UGP shares. HSBC raised Ultrapar Participações from a “reduce” rating to a “hold” rating in a research note on Friday, July 19th. The Goldman Sachs Group decreased their target price on Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a research report on Tuesday, July 23rd. Citigroup upgraded Ultrapar Participações from a “neutral” rating to a “buy” rating in a research report on Friday, June 14th. Hsbc Global Res upgraded shares of Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research report on Friday, July 19th. Finally, StockNews.com raised shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research note on Friday.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Assetmark Inc. acquired a new stake in shares of Ultrapar Participações during the 4th quarter worth about $46,000. Cutter & CO Brokerage Inc. purchased a new position in shares of Ultrapar Participações during the second quarter valued at approximately $57,000. D Orazio & Associates Inc. boosted its position in Ultrapar Participações by 30.3% during the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock worth $59,000 after acquiring an additional 3,498 shares during the last quarter. Blue Trust Inc. grew its stake in Ultrapar Participações by 567.5% in the 2nd quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 13,461 shares during the period. Finally, Envestnet Portfolio Solutions Inc. acquired a new position in Ultrapar Participações in the 1st quarter valued at $80,000. Institutional investors and hedge funds own 3.58% of the company’s stock.

Ultrapar Participações Price Performance

Ultrapar Participações stock opened at $4.13 on Friday. The company has a market cap of $4.61 billion, a P/E ratio of 8.60, a price-to-earnings-growth ratio of 2.91 and a beta of 1.61. Ultrapar Participações has a one year low of $3.39 and a one year high of $6.34. The business has a fifty day moving average of $4.16 and a two-hundred day moving average of $4.73. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.16 and a current ratio of 1.55.

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

Ultrapar Participações Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Monday, August 19th were issued a $0.0446 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a dividend yield of 2.7%. Ultrapar Participações’s dividend payout ratio (DPR) is 16.67%.

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.