Ultrapar Participações (NYSE:UGP) Rating Lowered to Hold at StockNews.com

Ultrapar Participações (NYSE:UGP) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Friday.

Several other brokerages have also recently weighed in on UGP. HSBC raised shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a research report on Friday, July 19th. Citigroup raised shares of Ultrapar Participações from a “neutral” rating to a “buy” rating in a research report on Friday, June 14th. Hsbc Global Res raised shares of Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research report on Friday, July 19th. Finally, The Goldman Sachs Group lowered their price target on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a research report on Tuesday, July 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.25.

Ultrapar Participações Price Performance

Shares of NYSE UGP opened at $4.16 on Friday. The firm has a market cap of $4.64 billion, a PE ratio of 8.67, a PEG ratio of 3.52 and a beta of 1.64. The firm has a fifty day moving average of $4.13 and a 200 day moving average of $4.84. 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 $3.39 and a one year high of $6.34.

Ultrapar Participações (NYSE:UGP) last released its earnings results 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. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. The business had revenue of $6.21 billion during the quarter. As a group, research analysts predict that Ultrapar Participações will post 0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Ultrapar Participações

Hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP boosted its holdings in shares of Ultrapar Participações by 332.6% in the second quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock valued at $5,591,000 after acquiring an additional 1,099,433 shares during the period. XTX Topco Ltd boosted its holdings in shares of Ultrapar Participações by 128.2% in the second quarter. XTX Topco Ltd now owns 66,631 shares of the oil and gas company’s stock valued at $261,000 after acquiring an additional 37,436 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Ultrapar Participações by 57.9% in the second quarter. Renaissance Technologies LLC now owns 2,450,300 shares of the oil and gas company’s stock valued at $9,581,000 after acquiring an additional 898,600 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Ultrapar Participações by 16.6% in the second quarter. Dimensional Fund Advisors LP now owns 303,436 shares of the oil and gas company’s stock valued at $1,187,000 after acquiring an additional 43,258 shares during the period. Finally, D Orazio & Associates Inc. boosted its holdings in shares of Ultrapar Participações by 30.3% in the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after acquiring an additional 3,498 shares during the period. 3.58% of the stock is currently 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.