Ultrapar Participações S.A. (NYSE:UGP - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $3.50, but opened at $3.64. Ultrapar Participações shares last traded at $3.65, with a volume of 73,842 shares.
Wall Street Analyst Weigh In
Several analysts recently commented on the company. StockNews.com upgraded Ultrapar Participações from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. HSBC upgraded shares of Ultrapar Participações from a "reduce" rating to a "hold" rating in a report on Friday, July 19th. The Goldman Sachs Group dropped their price target on Ultrapar Participações from $5.90 to $5.20 and set a "neutral" rating for the company in a research report on Tuesday, July 23rd. Finally, Hsbc Global Res upgraded Ultrapar Participações from a "strong sell" rating to a "hold" rating in a report on Friday, July 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $5.20.
Read Our Latest Report on Ultrapar Participações
Ultrapar Participações Stock Performance
The stock has a market capitalization of $4.12 billion, a PE ratio of 7.10, a price-to-earnings-growth ratio of 2.67 and a beta of 1.61. The firm's fifty day moving average is $3.90 and its 200-day moving average is $4.23. The company has a current ratio of 1.55, a quick ratio of 1.16 and a debt-to-equity ratio of 0.77.
Ultrapar Participações (NYSE:UGP - Get Free Report) last posted its earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share for the quarter, meeting the consensus estimate of $0.08. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. The firm had revenue of $6.21 billion during the quarter. As a group, research analysts anticipate that Ultrapar Participações S.A. will post 0.33 earnings per share for the current year.
Ultrapar Participações Cuts Dividend
The business also recently announced a semi-annual dividend, which was paid on Tuesday, September 3rd. Investors of record on Monday, August 19th were issued a $0.0446 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a yield of 2.7%. Ultrapar Participações's dividend payout ratio (DPR) is presently 15.38%.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Ultrapar Participações in the 3rd quarter valued at $46,000. Cutter & CO Brokerage Inc. acquired a new stake in Ultrapar Participações in the second quarter valued at $57,000. D Orazio & Associates Inc. boosted its position in shares of Ultrapar Participações by 30.3% during the 2nd quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company's stock worth $59,000 after acquiring an additional 3,498 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Ultrapar Participações by 567.5% in the 2nd quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company's stock valued at $62,000 after acquiring an additional 13,461 shares during the last quarter. Finally, Signaturefd LLC raised its position in shares of Ultrapar Participações by 67.9% during the 3rd quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company's stock worth $62,000 after acquiring an additional 6,476 shares in the last quarter. Hedge funds and other institutional investors own 3.58% of the company's stock.
About Ultrapar Participações
(
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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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