Analysts Set Ultrapar Participações S.A. (NYSE:UGP) Price Target at $4.37

Ultrapar Participações S.A. (NYSE:UGPGet Free Report) has earned an average recommendation of “Reduce” from the four brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $4.37.

A number of research firms have recently issued reports on UGP. StockNews.com cut shares of Ultrapar Participações from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. The Goldman Sachs Group upped 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. Finally, Itau BBA Securities lowered shares of Ultrapar Participações from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 2nd.

Get Our Latest Research Report on Ultrapar Participações

Ultrapar Participações Stock Performance

Shares of Ultrapar Participações stock opened at $4.65 on Friday. The business has a 50-day moving average price of $5.25 and a two-hundred day moving average price of $5.42. Ultrapar Participações has a 1-year low of $3.24 and a 1-year high of $6.34. The company has a current ratio of 1.68, a quick ratio of 1.23 and a debt-to-equity ratio of 0.72. The company has a market cap of $5.19 billion, a P/E ratio of 9.69, a PEG ratio of 1.07 and a beta of 1.63.

Ultrapar Participações (NYSE:UGPGet Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The oil and gas company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $6.75 billion for the quarter. Ultrapar Participações had a return on equity of 19.30% and a net margin of 2.07%. As a group, analysts anticipate that Ultrapar Participações will post 0.34 EPS for the current year.

Ultrapar Participações Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were paid a $0.0723 dividend. This is a positive change from Ultrapar Participações’s previous semi-annual dividend of $0.05. The ex-dividend date of this dividend was Friday, March 8th. This represents a yield of 2%. Ultrapar Participações’s dividend payout ratio (DPR) is 29.17%.

Hedge Funds Weigh In On Ultrapar Participações

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Acadian Asset Management LLC boosted its position in Ultrapar Participações by 175.6% in the first 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 during the last quarter. Natixis Advisors L.P. purchased a new position in shares of Ultrapar Participações in the 4th quarter worth about $1,169,000. US Bancorp DE grew its position in Ultrapar Participações by 1,497.3% during the fourth quarter. US Bancorp DE now owns 153,473 shares of the oil and gas company’s stock valued at $832,000 after buying an additional 143,865 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in Ultrapar Participações by 60.0% during the first quarter. O Shaughnessy Asset Management LLC now owns 356,835 shares of the oil and gas company’s stock worth $2,041,000 after buying an additional 133,791 shares during the last quarter. Finally, American Century Companies Inc. raised its position in Ultrapar Participações by 8.2% in the third quarter. American Century Companies Inc. now owns 1,382,989 shares of the oil and gas company’s stock worth $5,076,000 after acquiring an additional 104,754 shares during the period. Hedge funds and other institutional investors own 3.58% of the company’s stock.

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.

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