Ultrapar Participacoes S.A. (NYSE:UGP) Stock Has Consensus Price Target of $6.54 According to Analysts

Key Points

• Analysts maintain a “Moderate Buy” consensus on Ultrapar Participacoes, with three buy ratings, one strong-buy rating and five holds. The average 12-month price target is $6.54, below the stock’s reported $7.75 opening price.
• Recent analyst actions were mixed: Zacks upgraded the stock to strong buy, while JPMorgan and Scotiabank lowered their ratings to neutral and hold, respectively; UBS raised its price target to $7.90 and kept a buy rating.
• Insiders sold 77,785 shares worth approximately $587,312 over the past three months, including sizable sales by the CEO and CFO. The company’s latest quarterly earnings slightly exceeded estimates, with $0.28 EPS versus a $0.27 consensus.

Ultrapar Participacoes S.A. (NYSE:UGP - Get Free Report) has received an average rating of "Moderate Buy" from the nine analysts that are covering the company, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $6.54.

A number of equities research analysts have issued reports on the company. Zacks Research upgraded Ultrapar Participacoes from a "hold" rating to a "strong-buy" rating in a research report on Thursday, October 15th. JPMorgan Chase & Co. cut Ultrapar Participacoes from an "overweight" rating to a "neutral" rating in a report on Thursday. Scotiabank downgraded shares of Ultrapar Participacoes from a "sector outperform" rating to a "hold" rating in a research report on Thursday, September 17th. UBS Group increased their price objective on shares of Ultrapar Participacoes from $7.20 to $7.90 and gave the company a "buy" rating in a research note on Friday, September 4th. Finally, Weiss Ratings cut shares of Ultrapar Participacoes from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday, October 8th.

Insider Activity at Ultrapar Participacoes

In related news, CEO Decio De Sampaio Amaral sold 8,000 shares of the stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $6.93, for a total value of $55,440.00. Following the transaction, the chief executive officer owned 151,432 shares in the company, valued at approximately $1,049,423.76. This represents a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Andre Saleme Hachem sold 39,200 shares of the firm's stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $7.67, for a total value of $300,664.00. Following the completion of the sale, the chief financial officer directly owned 25,675 shares in the company, valued at approximately $196,927.25. This represents a 60.42% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 77,785 shares of company stock valued at $587,312. Corporate insiders own 1.80% of the company's stock.

Institutional Trading of Ultrapar Participacoes

Several hedge funds have recently bought and sold shares of UGP. Corient Private Wealth LP grew its position in shares of Ultrapar Participacoes by 2.7% during the 2nd quarter. Corient Private Wealth LP now owns 62,497 shares of the oil and gas company's stock worth $314,000 after purchasing an additional 1,651 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Ultrapar Participacoes by 2.8% in the 1st quarter. Sequoia Financial Advisors LLC now owns 64,807 shares of the oil and gas company's stock worth $357,000 after purchasing an additional 1,784 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Ultrapar Participacoes by 45.0% during the first quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company's stock worth $35,000 after acquiring an additional 1,982 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Ultrapar Participacoes by 0.7% during the 1st quarter. Hsbc Holdings PLC now owns 450,668 shares of the oil and gas company's stock valued at $2,483,000 after buying an additional 3,050 shares in the last quarter. Finally, Plan A Wealth LLC grew its stake in Ultrapar Participacoes by 24.3% in the 3rd quarter. Plan A Wealth LLC now owns 15,620 shares of the oil and gas company's stock worth $114,000 after buying an additional 3,050 shares in the last quarter. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Ultrapar Participacoes Stock Performance

Shares of Ultrapar Participacoes stock opened at $7.75 on Friday. The business has a 50 day moving average price of $7.33 and a 200-day moving average price of $6.25. The company has a quick ratio of 1.26, a current ratio of 1.64 and a debt-to-equity ratio of 0.74. The company has a market cap of $8.64 billion, a PE ratio of 12.70, a price-to-earnings-growth ratio of 0.42 and a beta of 0.71. Ultrapar Participacoes has a 52 week low of $3.60 and a 52 week high of $8.28.

Ultrapar Participacoes (NYSE:UGP - Get Free Report) last posted its quarterly earnings results on Wednesday, August 12th. The oil and gas company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%. The business had revenue of $8 billion during the quarter, compared to the consensus estimate of $8.18 billion. Equities analysts anticipate that Ultrapar Participacoes will post 0.87 earnings per share for the current fiscal year.

Ultrapar Participacoes Announces Dividend

The business also recently declared a dividend, which was paid on Monday, September 14th. Shareholders of record on Wednesday, August 26th were issued a $0.1932 dividend. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a dividend yield of 599.0%. Ultrapar Participacoes's dividend payout ratio is currently 50.82%.

Ultrapar Participacoes Company Profile

Ultrapar Participações SA is a Brazilian holding company whose businesses focus on fuel distribution, liquefied petroleum gas and transportation infrastructure. Through its subsidiaries, the company serves commercial, industrial, retail and residential customers, primarily in Brazil.

Ipiranga is Ultrapar's fuel-distribution business, supplying gasoline, ethanol, diesel and other fuels through a network of service stations and commercial channels. Ultragaz distributes liquefied petroleum gas for household, commercial and industrial use, including bottled and bulk products.

Ultrapar also operates Ultracargo, a provider of liquid bulk storage and transportation infrastructure for fuels, chemicals and other products.

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