Ultrapar Participações (NYSE:UGP) Downgraded by StockNews.com

by · The Cerbat Gem

StockNews.com cut shares of Ultrapar Participações (NYSE:UGP – Free Report) from a buy rating to a hold rating in a research note issued to investors on Monday morning.

Other equities analysts have also recently issued research reports about the stock. The Goldman Sachs Group lowered their target price on shares of Ultrapar Participações from $5.90 to $5.20 and set a neutral rating on the stock in a research note on Tuesday, July 23rd. 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. Citigroup upgraded shares of Ultrapar Participações from a neutral rating to a buy rating in a report on Friday, June 14th. Finally, HSBC upgraded shares of Ultrapar Participações from a reduce rating to a hold rating in a research note on Friday, July 19th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of Hold and an average target price of $5.20.

Check Out Our Latest Report on UGP

Ultrapar Participações Stock Performance

Shares of UGP stock opened at $3.71 on Monday. The company has a market capitalization of $4.14 billion, a price-to-earnings ratio of 7.73, a price-to-earnings-growth ratio of 2.78 and a beta of 1.60. 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 has a one year low of $3.66 and a one year high of $6.34. The company’s 50-day moving average is $4.09 and its 200 day moving average is $4.46.

Ultrapar Participações (NYSE:UGP – Get Free Report) last issued its earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.08. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. The firm had revenue of $6.21 billion for the quarter. Sell-side analysts expect that Ultrapar Participações will post 0.34 EPS for the current fiscal year.

Ultrapar Participações Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a dividend of $0.0446 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a yield of 2.7%. Ultrapar Participações’s dividend payout ratio is currently 16.67%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. D Orazio & Associates Inc. lifted its position in shares of Ultrapar Participações by 30.3% during the 2nd quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after buying an additional 3,498 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Ultrapar Participações by 36.1% in the first quarter. BNP Paribas Financial Markets now owns 17,923 shares of the oil and gas company’s stock worth $103,000 after purchasing an additional 4,757 shares in the last quarter. Aprio Wealth Management LLC raised its position in shares of Ultrapar Participações by 22.9% during the 1st quarter. Aprio Wealth Management LLC now owns 28,337 shares of the oil and gas company’s stock valued at $162,000 after purchasing an additional 5,281 shares during the period. Mount Yale Investment Advisors LLC lifted its stake in shares of Ultrapar Participações by 7.1% during the 1st quarter. Mount Yale Investment Advisors LLC now owns 115,775 shares of the oil and gas company’s stock valued at $662,000 after buying an additional 7,638 shares in the last quarter. Finally, Simplicity Wealth LLC boosted its holdings in Ultrapar Participações by 41.2% in the 2nd quarter. Simplicity Wealth LLC now owns 35,199 shares of the oil and gas company’s stock worth $138,000 after buying an additional 10,264 shares during the period. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Company Profile

(Get Free Report)

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.

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