Ultrapar Participacoes S.A. (NYSE:UGP - Get Free Report) has been given an average rating of "Moderate Buy" by the seven ratings firms that are currently covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $6.40.
Several analysts have recently issued reports on the company. The Goldman Sachs Group decreased their price objective on Ultrapar Participacoes from $6.50 to $5.80 and set a "neutral" rating on the stock in a report on Wednesday, August 26th. UBS Group raised their target price on shares of Ultrapar Participacoes from $7.00 to $7.20 and gave the company a "buy" rating in a report on Wednesday, June 17th. Wall Street Zen upgraded shares of Ultrapar Participacoes from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 9th. Bank of America raised shares of Ultrapar Participacoes from a "neutral" rating to a "buy" rating and upped their price target for the company from $6.80 to $7.40 in a research note on Wednesday, July 8th. Finally, Weiss Ratings upgraded shares of Ultrapar Participacoes from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Friday, August 14th.
Read Our Latest Analysis on UGP
Ultrapar Participacoes Trading Up 0.3%
Shares of UGP stock opened at $7.15 on Friday. Ultrapar Participacoes has a 12-month low of $3.58 and a 12-month high of $7.25. The company has a current ratio of 1.64, a quick ratio of 1.26 and a debt-to-equity ratio of 0.74. The stock's 50-day moving average price is $6.15 and its 200-day moving average price is $5.65. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 11.72, a price-to-earnings-growth ratio of 0.43 and a beta of 0.73.
Ultrapar Participacoes (NYSE:UGP - Get Free Report) last posted its earnings results on Wednesday, August 12th. The oil and gas company reported $0.28 EPS for the quarter, topping analysts' consensus estimates of $0.27 by $0.01. The company had revenue of $8 billion for the quarter, compared to the consensus estimate of $8.18 billion. Ultrapar Participacoes had a return on equity of 18.84% and a net margin of 2.28%. Equities research analysts predict that Ultrapar Participacoes will post 0.78 EPS for the current fiscal year.
Ultrapar Participacoes Dividend Announcement
The firm also recently announced a dividend, which will be paid on Monday, September 14th. Stockholders of record on Wednesday, August 26th will be given a dividend of $0.1932 per share. This represents a dividend yield of 599.0%. The ex-dividend date is Wednesday, August 26th. Ultrapar Participacoes's dividend payout ratio is currently 50.82%.
Insider Activity at Ultrapar Participacoes
In related news, CEO Decio De Sampaio Amaral sold 8,000 shares of Ultrapar Participacoes stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $6.93, for a total value of $55,440.00. Following the completion of the transaction, the chief executive officer owned 151,432 shares in the company, valued at approximately $1,049,423.76. This trade represents a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.80% of the company's stock.
Institutional Investors Weigh In On Ultrapar Participacoes
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UGP. EverSource Wealth Advisors LLC lifted its stake in shares of Ultrapar Participacoes by 45.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 1,982 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in shares of Ultrapar Participacoes during the 4th quarter valued at approximately $32,000. R Squared Ltd purchased a new stake in Ultrapar Participacoes during the 1st quarter valued at $55,000. Allspring Global Investments Holdings LLC purchased a new stake in Ultrapar Participacoes during the 1st quarter valued at $62,000. Finally, GeoWealth Management LLC bought a new stake in Ultrapar Participacoes in the fourth quarter worth $44,000. 3.58% of the stock is currently owned by hedge funds and other institutional investors.
Ultrapar Participacoes Company Profile
(
Get Free Report)
Ultrapar Participações SA is a Brazilian diversified holding company operating in the downstream energy and chemical sectors. Its Ipiranga unit runs one of Brazil's largest networks of fuel stations, supplying gasoline, ethanol, diesel and convenience-store products to retail and wholesale customers. Through Ultragaz, the company is a leading distributor of liquefied petroleum gas (LPG), offering cylinder and bulk gas solutions for residential, commercial and industrial use across urban and rural regions.
In the specialty chemicals arena, Ultrapar controls Oxiteno, which produces surfactants and specialty chemical formulations for industries such as personal care, oil and gas, agrochemicals and coatings.
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