Ultrapar Participacoes S.A. (NYSE:UGP - Get Free Report) saw strong trading volume on Thursday . 3,853,915 shares were traded during mid-day trading, an increase of 105% from the previous session's volume of 1,879,310 shares.The stock last traded at $3.84 and had previously closed at $3.74.
Analysts Set New Price Targets
A number of equities research analysts have commented on the company. Zacks Research upgraded Ultrapar Participacoes from a "hold" rating to a "strong-buy" rating in a research report on Monday, September 29th. The Goldman Sachs Group lifted their target price on Ultrapar Participacoes from $4.00 to $4.50 and gave the company a "buy" rating in a research report on Friday, September 26th. Wall Street Zen upgraded Ultrapar Participacoes from a "hold" rating to a "strong-buy" rating in a research report on Friday, August 22nd. Scotiabank upgraded Ultrapar Participacoes from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 28th. Finally, Weiss Ratings restated a "hold (c)" rating on shares of Ultrapar Participacoes in a research report on Wednesday, October 8th. Three analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average price target of $4.50.
View Our Latest Report on UGP
Ultrapar Participacoes Price Performance
The company has a current ratio of 1.82, a quick ratio of 1.38 and a debt-to-equity ratio of 0.84. The stock has a market cap of $4.28 billion, a PE ratio of 8.52, a P/E/G ratio of 1.97 and a beta of 1.13. The company has a fifty day moving average of $3.76 and a 200-day moving average of $3.29.
Ultrapar Participacoes Cuts Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Monday, September 8th. Investors of record on Monday, August 25th were issued a $0.0555 dividend. This represents a dividend yield of 360.0%. The ex-dividend date was Monday, August 25th. Ultrapar Participacoes's payout ratio is currently 22.22%.
Institutional Investors Weigh In On Ultrapar Participacoes
Several large investors have recently bought and sold shares of the stock. Polunin Capital Partners Ltd increased its holdings in Ultrapar Participacoes by 8.9% during the 2nd quarter. Polunin Capital Partners Ltd now owns 9,457,242 shares of the oil and gas company's stock worth $31,398,000 after purchasing an additional 776,808 shares during the period. American Century Companies Inc. increased its holdings in Ultrapar Participacoes by 42.4% during the 2nd quarter. American Century Companies Inc. now owns 2,695,322 shares of the oil and gas company's stock worth $8,841,000 after purchasing an additional 803,065 shares during the period. JPMorgan Chase & Co. increased its holdings in Ultrapar Participacoes by 75.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,878,904 shares of the oil and gas company's stock worth $6,163,000 after purchasing an additional 806,463 shares during the period. Longfellow Investment Management Co. LLC increased its holdings in Ultrapar Participacoes by 39.6% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 616,345 shares of the oil and gas company's stock worth $2,022,000 after purchasing an additional 174,818 shares during the period. Finally, Quadrant Capital Group LLC increased its holdings in Ultrapar Participacoes by 1,248.8% during the 2nd quarter. Quadrant Capital Group LLC now owns 497,253 shares of the oil and gas company's stock worth $1,631,000 after purchasing an additional 460,388 shares during the period. Hedge funds and other institutional investors own 3.58% of the company's stock.
About Ultrapar Participacoes
(
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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.
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