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

Key Points

• Ultrapar Participacoes S.A. has received a consensus rating of "Buy" from five brokerages, with three analysts giving a buy rating and two a strong buy rating, setting an average 1-year target price of $3.20.
• Several hedge funds have recently increased their holdings in Ultrapar, with CWM LLC raising its position by 55.6% in the first quarter.
• The company declared a recent semi-annual dividend of $0.0555 per share, equating to a yield of 360.0%, although its dividend payout ratio stands at 22.22%.

Ultrapar Participacoes S.A. (NYSE:UGP - Get Free Report) has earned a consensus rating of "Buy" from the five brokerages that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a buy rating and two have given a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $3.20.

Several research firms have recently weighed in on UGP. Wall Street Zen upgraded shares of Ultrapar Participacoes from a "hold" rating to a "strong-buy" rating in a report on Friday, August 22nd. Scotiabank raised shares of Ultrapar Participacoes from a "hold" rating to a "strong-buy" rating in a research report on Monday, July 28th.

Hedge Funds Weigh In On Ultrapar Participacoes

Large investors have recently modified their holdings of the stock. CWM LLC raised its position in shares of Ultrapar Participacoes by 55.6% in the first quarter. CWM LLC now owns 9,463 shares of the oil and gas company's stock valued at $29,000 after purchasing an additional 3,380 shares during the period. Wolverine Trading LLC acquired a new stake in Ultrapar Participacoes in the 4th quarter worth about $35,000. Regatta Capital Group LLC acquired a new stake in Ultrapar Participacoes in the 2nd quarter worth about $41,000. Wealthquest Corp acquired a new stake in Ultrapar Participacoes in the 1st quarter worth about $45,000. Finally, Ballentine Partners LLC acquired a new stake in Ultrapar Participacoes in the 1st quarter worth about $45,000. 3.58% of the stock is owned by institutional investors.

Ultrapar Participacoes Stock Up 0.5%

Shares of NYSE UGP opened at $3.93 on Wednesday. The stock has a market cap of $4.38 billion, a P/E ratio of 8.73, a P/E/G ratio of 3.86 and a beta of 1.11. The firm has a 50 day moving average price of $3.30 and a 200 day moving average price of $3.13. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.38 and a current ratio of 1.82. Ultrapar Participacoes has a 52-week low of $2.53 and a 52-week high of $4.21.

Ultrapar Participacoes Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 25th were given a dividend of $0.0555 per share. This represents a yield of 360.0%. The ex-dividend date of this dividend was Monday, August 25th. Ultrapar Participacoes's dividend payout ratio is 22.22%.

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.

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