Ultrapar Participações (NYSE:UGP) Stock Rating Lowered by StockNews.com

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

Other analysts have also issued research reports about the company. The Goldman Sachs Group lowered their target price on Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating for the company in a report on Tuesday, July 23rd. Hsbc Global Res upgraded Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research note on Friday, July 19th. Finally, HSBC upgraded 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 issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.20.

Ultrapar Participações Stock Performance

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

Ultrapar Participações (NYSE:UGP) last posted 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 during the quarter. On average, equities research analysts expect that Ultrapar Participações will post 0.32 earnings per share for the current fiscal 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 dividend of $0.0446 per share. 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 is presently 15.38%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UGP. Acadian Asset Management LLC increased its holdings in shares of Ultrapar Participações by 175.6% during the first quarter. Acadian Asset Management LLC now owns 3,471,048 shares of the oil and gas company’s stock valued at $19,850,000 after acquiring an additional 2,211,696 shares in the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Ultrapar Participações by 60.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 356,835 shares of the oil and gas company’s stock worth $2,041,000 after buying an additional 133,791 shares during the last quarter. Marshall Wace LLP lifted its stake in shares of Ultrapar Participações by 332.6% during the second quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock worth $5,591,000 after buying an additional 1,099,433 shares during the period. Bleakley Financial Group LLC grew its holdings in shares of Ultrapar Participações by 112.6% during the first quarter. Bleakley Financial Group LLC now owns 25,044 shares of the oil and gas company’s stock valued at $143,000 after buying an additional 13,262 shares during the last quarter. Finally, Capstone Investment Advisors LLC purchased a new position in Ultrapar Participações in the 1st quarter worth $328,000. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

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.