Ultrapar Participações (NYSE:UGP - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Friday.
Other equities analysts have also issued reports about the company. Itau BBA Securities lowered Ultrapar Participações from an "outperform" rating to a "market perform" rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group boosted their price objective on shares of Ultrapar Participações from $5.30 to $6.00 and gave the stock a "neutral" rating in a report on Wednesday, March 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Ultrapar Participações currently has a consensus rating of "Hold" and a consensus target price of $4.37.
Read Our Latest Report on UGP
Ultrapar Participações Price Performance
NYSE UGP traded down $0.15 during mid-day trading on Friday, hitting $4.71. The stock had a trading volume of 1,215,980 shares, compared to its average volume of 1,230,768. The company has a 50 day simple moving average of $5.46 and a 200 day simple moving average of $5.38. The company has a quick ratio of 1.28, a current ratio of 1.66 and a debt-to-equity ratio of 0.78. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 10.47, a P/E/G ratio of 3.00 and a beta of 1.63. Ultrapar Participações has a 52-week low of $3.24 and a 52-week high of $6.34.
Ultrapar Participações (NYSE:UGP - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The oil and gas company reported $0.20 EPS for the quarter. The business had revenue of $6.75 billion for the quarter. Ultrapar Participações had a return on equity of 18.86% and a net margin of 1.95%. Equities analysts forecast that Ultrapar Participações will post 0.34 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in UGP. Acadian Asset Management LLC grew its position in Ultrapar Participações by 175.6% during the 1st quarter. Acadian Asset Management LLC now owns 3,471,048 shares of the oil and gas company's stock worth $19,850,000 after purchasing an additional 2,211,696 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Ultrapar Participações by 8.2% during the third quarter. American Century Companies Inc. now owns 1,382,989 shares of the oil and gas company's stock valued at $5,076,000 after buying an additional 104,754 shares in the last quarter. Hsbc Holdings PLC grew its holdings in shares of Ultrapar Participações by 13.2% during the third quarter. Hsbc Holdings PLC now owns 498,079 shares of the oil and gas company's stock valued at $1,828,000 after buying an additional 57,915 shares in the last quarter. US Bancorp DE raised its position in Ultrapar Participações by 48.1% during the first quarter. US Bancorp DE now owns 227,370 shares of the oil and gas company's stock valued at $1,301,000 after buying an additional 73,897 shares during the period. Finally, Natixis Advisors L.P. purchased a new stake in Ultrapar Participações in the 4th quarter worth about $1,169,000. 3.58% of the stock is currently owned by institutional investors.
About Ultrapar Participações
(
Get Free Report)
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.
Further Reading
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