Shares of Ultrapar Participações S.A. (NYSE:UGP - Get Free Report) have earned a consensus recommendation of "Hold" from the five research firms that are currently covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $5.20.
A number of analysts have recently issued reports on UGP shares. HSBC upgraded Ultrapar Participações from a "reduce" rating to a "hold" rating in a report on Friday, July 19th. Hsbc Global Res upgraded Ultrapar Participações from a "strong sell" rating to a "hold" rating in a report on Friday, July 19th. StockNews.com upgraded Ultrapar Participações from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, The Goldman Sachs Group cut their price objective on Ultrapar Participações from $5.90 to $5.20 and set a "neutral" rating for the company in a report on Tuesday, July 23rd.
Read Our Latest Research Report on UGP
Ultrapar Participações Price Performance
Shares of UGP traded down $0.08 during trading hours on Friday, hitting $3.54. 1,271,325 shares of the company were exchanged, compared to its average volume of 1,323,091. The company has a market capitalization of $3.95 billion, a PE ratio of 7.38, a PEG ratio of 2.57 and a beta of 1.60. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.16. The firm has a fifty day simple moving average of $3.97 and a 200-day simple moving average of $4.29. Ultrapar Participações has a one year low of $3.51 and a one year high of $6.34.
Ultrapar Participações (NYSE:UGP - Get Free Report) last released its earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share (EPS) 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 return on equity of 20.24% and a net margin of 2.21%. As a group, sell-side analysts predict that Ultrapar Participações will post 0.34 earnings per share for the current year.
Ultrapar Participações Cuts Dividend
The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a dividend of $0.0446 per share. The ex-dividend date was Monday, August 19th. This represents a dividend yield of 2.7%. Ultrapar Participações's dividend payout ratio is 16.67%.
Hedge Funds Weigh In On Ultrapar Participações
Several hedge funds have recently bought and sold shares of the business. Signaturefd LLC increased its position in Ultrapar Participações by 67.9% during the third quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company's stock worth $62,000 after buying an additional 6,476 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Ultrapar Participações during the third quarter worth $46,000. Blue Trust Inc. increased its position in Ultrapar Participações by 109.2% during the third quarter. Blue Trust Inc. now owns 33,124 shares of the oil and gas company's stock worth $130,000 after buying an additional 17,291 shares during the last quarter. Inspire Advisors LLC increased its position in Ultrapar Participações by 33.7% during the third quarter. Inspire Advisors LLC now owns 38,838 shares of the oil and gas company's stock worth $151,000 after buying an additional 9,794 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its position in Ultrapar Participações by 85.5% during the third quarter. Bleakley Financial Group LLC now owns 65,295 shares of the oil and gas company's stock worth $253,000 after buying an additional 30,096 shares during the last quarter. 3.58% of the stock is owned by institutional investors and hedge funds.
About Ultrapar Participações
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Get Free ReportUltrapar 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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