Ultrapar Participações S.A. (NYSE:UGP) Receives Consensus Rating of “Hold” from Analysts

Shares of Ultrapar Participações S.A. (NYSE:UGP) have been given an average recommendation of “Hold” by the five ratings firms that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $5.20.

A number of analysts recently issued reports on the company. Hsbc Global Res raised Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research note on Friday, July 19th. The Goldman Sachs Group dropped their price objective on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a report on Tuesday, July 23rd. StockNews.com raised shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. Finally, HSBC upgraded Ultrapar Participações from a “reduce” rating to a “hold” rating in a report on Friday, July 19th.

Ultrapar Participações Price Performance

UGP opened at $3.62 on Friday. The stock has a market cap of $4.04 billion, a P/E ratio of 6.96, a P/E/G ratio of 2.53 and a beta of 1.60. Ultrapar Participações has a 12 month low of $3.51 and a 12 month high of $6.34. 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 has a fifty day simple moving average of $3.93 and a 200 day simple moving average of $4.26.

Ultrapar Participações (NYSE:UGP) last announced its quarterly 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 return on equity of 20.24% and a net margin of 2.21%. The company had revenue of $6.21 billion during the quarter. On average, research analysts expect that Ultrapar Participações will post 0.34 EPS for the current year.

Ultrapar Participações Cuts Dividend

The firm also recently disclosed 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 presently 15.38%.

Institutional Investors Weigh In On Ultrapar Participações

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC acquired a new position in shares of Ultrapar Participações during the 3rd quarter worth approximately $46,000. Cutter & CO Brokerage Inc. bought a new stake in Ultrapar Participações during the second quarter worth $57,000. D Orazio & Associates Inc. lifted its stake in 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 last quarter. Blue Trust Inc. grew its position in shares of 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 valued at $62,000 after acquiring an additional 13,461 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Ultrapar Participações by 67.9% during the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 6,476 shares during the period. 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.