Ultrapar Participacoes S.A. (NYSE:UGP) Receives Consensus Recommendation of "Buy" from Analysts

Ultrapar Participacoes S.A. (NYSE:UGP - Get Free Report) has been given an average recommendation of "Buy" by the five research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $3.20.

Separately, Wall Street Zen downgraded shares of Ultrapar Participacoes from a "buy" rating to a "hold" rating in a research report on Saturday, May 17th.

Ultrapar Participacoes Price Performance

Shares of NYSE:UGP traded up $0.07 during trading on Friday, reaching $3.37. The stock had a trading volume of 1,290,291 shares, compared to its average volume of 1,773,049. The stock has a market capitalization of $3.75 billion, a PE ratio of 9.35, a P/E/G ratio of 2.15 and a beta of 1.06. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.76 and a quick ratio of 1.26. Ultrapar Participacoes has a 52 week low of $2.53 and a 52 week high of $4.51. The business's 50-day moving average price is $3.07 and its 200 day moving average price is $2.93.

Institutional Investors Weigh In On Ultrapar Participacoes

Several hedge funds and other institutional investors have recently made changes to their positions in UGP. QRG Capital Management Inc. boosted its holdings in Ultrapar Participacoes by 38.1% in the fourth quarter. QRG Capital Management Inc. now owns 20,609 shares of the oil and gas company's stock valued at $54,000 after acquiring an additional 5,687 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in Ultrapar Participacoes by 34.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 40,871 shares of the oil and gas company's stock valued at $107,000 after buying an additional 10,368 shares during the period. Sequoia Financial Advisors LLC boosted its stake in Ultrapar Participacoes by 171.4% in the fourth quarter. Sequoia Financial Advisors LLC now owns 32,477 shares of the oil and gas company's stock valued at $85,000 after acquiring an additional 20,510 shares during the last quarter. Corient Private Wealth LLC boosted its stake in Ultrapar Participacoes by 79.8% in the fourth quarter. Corient Private Wealth LLC now owns 39,489 shares of the oil and gas company's stock valued at $104,000 after acquiring an additional 17,531 shares during the last quarter. Finally, Signaturefd LLC grew its holdings in Ultrapar Participacoes by 23.0% during the 4th quarter. Signaturefd LLC now owns 19,705 shares of the oil and gas company's stock worth $52,000 after acquiring an additional 3,688 shares during the period. 3.58% of the stock is owned by institutional investors and hedge funds.

About Ultrapar Participacoes

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.