Ultrapar Participações (NYSE:UGP) Lowered to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Ultrapar Participações (NYSE:UGP) from a buy rating to a hold rating in a report released on Tuesday morning.

UGP has been the topic of a number of other research reports. Hsbc Global Res raised shares of Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research note on Friday, July 19th. HSBC upgraded shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a research report on Friday, July 19th. Finally, The Goldman Sachs Group dropped their price target on Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating for the company in a research report on Tuesday, July 23rd. Five investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $5.20.

Ultrapar Participações Trading Up 0.8 %

Shares of UGP stock opened at $3.72 on Tuesday. The stock’s 50-day moving average price is $3.87 and its 200-day moving average price is $4.21. Ultrapar Participações has a 12-month low of $3.48 and a 12-month high of $6.34. The stock has a market capitalization of $4.15 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 2.76 and a beta of 1.61. The company has a current ratio of 1.55, a quick ratio of 1.16 and a debt-to-equity ratio of 0.77.

Ultrapar Participações (NYSE:UGP) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $6.21 billion for the quarter. Ultrapar Participações had a return on equity of 20.24% and a net margin of 2.21%. Equities research analysts predict that Ultrapar Participações will post 0.32 EPS for the current fiscal year.

Ultrapar Participações Cuts Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were given 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 (DPR) is 15.38%.

Institutional Investors Weigh In On Ultrapar Participações

Institutional investors have recently made changes to their positions in the company. D Orazio & Associates Inc. bought a new stake in Ultrapar Participações in the first quarter worth about $66,000. Sequoia Financial Advisors LLC purchased a new position in Ultrapar Participações during the 3rd quarter valued at $46,000. Envestnet Portfolio Solutions Inc. purchased a new position in Ultrapar Participações during the 1st quarter valued at $80,000. Cutter & CO Brokerage Inc. bought a new position in Ultrapar Participações in the 2nd quarter valued at $57,000. Finally, Blue Trust Inc. increased its stake in Ultrapar Participações by 567.5% in the second quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 13,461 shares during the period. Institutional investors 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.