Ultrapar Participações (NYSE:UGP) Hits New 52-Week Low - Here's Why

Shares of Ultrapar Participações S.A. (NYSE:UGP - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $3.63 and last traded at $3.63, with a volume of 31450 shares. The stock had previously closed at $3.66.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. The Goldman Sachs Group cut their target price on Ultrapar Participações from $5.90 to $5.20 and set a "neutral" rating on the stock in a research note on Tuesday, July 23rd. Hsbc Global Res upgraded shares of Ultrapar Participações from a "strong sell" rating to a "hold" rating in a research report on Friday, July 19th. HSBC upgraded shares of Ultrapar Participações from a "reduce" rating to a "hold" rating in a research report on Friday, July 19th. Finally, StockNews.com cut shares of Ultrapar Participações from a "buy" rating to a "hold" rating in a report on Tuesday, October 15th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $5.20.

Ultrapar Participações Price Performance

The company has a 50 day moving average of $4.03 and a two-hundred day moving average of $4.34. The firm has a market cap of $4.09 billion, a P/E ratio of 7.05, a PEG ratio of 2.62 and a beta of 1.60. The company has a quick ratio of 1.16, a current ratio of 1.55 and a debt-to-equity ratio of 0.77.

Ultrapar Participações (NYSE:UGP - Get Free Report) last issued its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share for the quarter, meeting analysts' consensus estimates of $0.08. The company had revenue of $6.21 billion during the quarter. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. Sell-side analysts expect that Ultrapar Participações S.A. will post 0.34 EPS for the current year.

Ultrapar Participações Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were given a $0.0446 dividend. The ex-dividend date was Monday, August 19th. This represents a yield of 2.7%. Ultrapar Participações's dividend payout ratio (DPR) is 15.38%.

Institutional Trading of Ultrapar Participações

A number of hedge funds have recently bought and sold shares of UGP. Blue Trust Inc. lifted its holdings in shares of Ultrapar Participações by 109.2% during the 3rd quarter. Blue Trust Inc. now owns 33,124 shares of the oil and gas company's stock valued at $130,000 after buying an additional 17,291 shares during the last quarter. Inspire Advisors LLC lifted its stake in Ultrapar Participações by 33.7% in the third quarter. Inspire Advisors LLC now owns 38,838 shares of the oil and gas company's stock valued at $151,000 after acquiring an additional 9,794 shares during the last quarter. Bleakley Financial Group LLC boosted its holdings in Ultrapar Participações by 85.5% in the third quarter. Bleakley Financial Group LLC now owns 65,295 shares of the oil and gas company's stock worth $253,000 after purchasing an additional 30,096 shares in the last quarter. Creative Planning boosted its stake in shares of Ultrapar Participações by 45.2% during the 3rd quarter. Creative Planning now owns 55,980 shares of the oil and gas company's stock worth $217,000 after acquiring an additional 17,430 shares in the last quarter. Finally, Ritholtz Wealth Management grew its holdings in Ultrapar Participações by 54.0% during the third quarter. Ritholtz Wealth Management now owns 283,247 shares of the oil and gas company's stock valued at $1,099,000 after purchasing an additional 99,324 shares during the last quarter. 3.58% of the stock is owned by hedge funds and other institutional investors.

Ultrapar Participações Company Profile

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.