Ultrapar Participacoes (NYSE:UGP) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• Ultrapar shares climbed above their 200-day moving average, reaching $8.15 before trading near $7.90, compared with a 200-day average of $6.11.
• Analyst sentiment remains mixed: three analysts rate the stock Buy and four rate it Hold, resulting in a consensus Hold rating and an average price target of $6.54—below the current share price.
• The company slightly beat quarterly EPS estimates at $0.28 versus $0.27, though revenue of $8 billion fell short of expectations. Insiders sold 77,785 shares worth approximately $587,000 during the quarter.

Ultrapar Participacoes S.A. (NYSE:UGP - Get Free Report) crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $6.11 and traded as high as $8.15. Ultrapar Participacoes shares last traded at $7.8960, with a volume of 1,839,848 shares.

Analyst Ratings Changes

A number of equities research analysts have commented on the stock. Weiss Ratings downgraded shares of Ultrapar Participacoes from a "buy (b)" rating to a "buy (b-)" rating in a research report on Thursday. Bank of America upgraded shares of Ultrapar Participacoes from a "neutral" rating to a "buy" rating and raised their price objective for the company from $6.80 to $7.40 in a report on Wednesday, July 8th. The Goldman Sachs Group decreased their price objective on shares of Ultrapar Participacoes from $6.50 to $5.80 and set a "neutral" rating for the company in a research report on Wednesday, August 26th. Scotiabank downgraded shares of Ultrapar Participacoes from a "sector outperform" rating to a "hold" rating in a research note on Thursday, September 17th. Finally, UBS Group boosted their target price on shares of Ultrapar Participacoes from $7.20 to $7.90 and gave the stock a "buy" rating in a research note on Friday, September 4th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $6.54.

Ultrapar Participacoes Trading Down 0.1%

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 firm has a market cap of $8.81 billion, a PE ratio of 12.94, a P/E/G ratio of 0.44 and a beta of 0.71. The business has a fifty day moving average price of $7.03 and a 200 day moving average price of $6.11.

Ultrapar Participacoes (NYSE:UGP - Get Free Report) last posted its 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. The firm had revenue of $8 billion during the quarter, compared to analysts' expectations of $8.18 billion. Ultrapar Participacoes had a return on equity of 18.84% and a net margin of 2.28%. Analysts forecast that Ultrapar Participacoes S.A. will post 0.84 EPS for the current year.

Ultrapar Participacoes Dividend Announcement

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

Insider Transactions at Ultrapar Participacoes

In other news, insider Pedro Guedes Rabelo sold 30,000 shares of the business's stock in a transaction that occurred on Thursday, September 10th. The shares were sold at an average price of $7.58, for a total transaction of $227,400.00. Following the completion of the sale, the insider owned 57,898 shares in the company, valued at approximately $438,866.84. The trade was a 34.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Andre Saleme Hachem sold 39,200 shares of the company's stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $7.67, for a total transaction of $300,664.00. Following the completion of the transaction, the chief financial officer owned 25,675 shares of the company's stock, valued at approximately $196,927.25. The trade was a 60.42% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 77,785 shares of company stock worth $587,312. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ultrapar Participacoes

Institutional investors and hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake in Ultrapar Participacoes by 45.0% in the first quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company's stock valued at $35,000 after acquiring an additional 1,982 shares in the last quarter. R Squared Ltd purchased a new position in shares of Ultrapar Participacoes during the first quarter worth about $55,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Ultrapar Participacoes during the first quarter worth about $62,000. Royal Bank of Canada increased its position in shares of Ultrapar Participacoes by 165.5% during the first quarter. Royal Bank of Canada now owns 12,390 shares of the oil and gas company's stock worth $68,000 after purchasing an additional 7,724 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ultrapar Participacoes during the fourth quarter worth about $57,000. 3.58% of the stock is owned by hedge funds and other institutional investors.

About Ultrapar Participacoes

Ultrapar Participações SA is a Brazilian holding company with operations focused on energy, fuel distribution and logistics. Through its businesses, the company supplies fuels, liquefied petroleum gas (LPG) and related services to consumers, commercial customers and industrial clients.

Its principal businesses include Ipiranga, one of Brazil's major fuel distribution companies, and Ultragaz, which distributes LPG for residential, commercial and industrial use. Ultrapar also owns Ultracargo, a provider of storage and handling services for liquid bulk products, including fuels, chemicals and other industrial materials.

Ultrapar's operations are concentrated primarily in Brazil, with activities supported by distribution networks, terminals and storage infrastructure across key regions of the country.

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