StockNews.com Lowers Ultrapar Participações (NYSE:UGP) to Hold

Ultrapar Participações (NYSE:UGP) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Other equities research analysts have also recently issued reports about the company. Citigroup raised Ultrapar Participações from a “neutral” rating to a “buy” rating in a research note on Friday, June 14th. Hsbc Global Res upgraded Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research report on Friday, July 19th. The Goldman Sachs Group cut 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 report on Tuesday, July 23rd. Finally, HSBC raised shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $4.25.

Ultrapar Participações Stock Down 5.4 %

Shares of NYSE:UGP opened at $3.85 on Friday. Ultrapar Participações has a 12 month low of $3.39 and a 12 month high of $6.34. The firm has a market cap of $4.29 billion, a P/E ratio of 8.02, a P/E/G ratio of 2.98 and a beta of 1.61. The company has a quick ratio of 1.16, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. The company’s 50-day moving average price is $4.15 and its two-hundred day moving average price is $4.64.

Ultrapar Participações (NYSE:UGP) last released its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 EPS for the quarter, meeting the consensus estimate 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 for the quarter. As a group, research analysts forecast that Ultrapar Participações will post 0.34 EPS for the current fiscal year.

Hedge Funds Weigh In On Ultrapar Participações

Several institutional investors have recently modified their holdings of UGP. Dynamic Technology Lab Private Ltd boosted its stake in Ultrapar Participações by 65.5% during the 4th quarter. Dynamic Technology Lab Private Ltd now owns 95,974 shares of the oil and gas company’s stock worth $520,000 after acquiring an additional 37,982 shares during the last quarter. Assetmark Inc. bought a new position in shares of Ultrapar Participações during the fourth quarter worth $46,000. US Bancorp DE grew its holdings in shares of Ultrapar Participações by 1,497.3% in the 4th quarter. US Bancorp DE now owns 153,473 shares of the oil and gas company’s stock valued at $832,000 after buying an additional 143,865 shares during the period. Aprio Wealth Management LLC increased its position in shares of Ultrapar Participações by 22.9% in 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 buying an additional 5,281 shares in the last quarter. Finally, Simplicity Wealth LLC acquired a new stake in Ultrapar Participações during the 1st quarter worth $143,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

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.