Ultrapar Participações (NYSE:UGP) Stock Price Up 4% - Still a Buy?

Shares of Ultrapar Participações S.A. (NYSE:UGP - Get Free Report) traded up 4% during trading on Tuesday . The company traded as high as $3.22 and last traded at $3.23. 647,519 shares traded hands during mid-day trading, a decline of 61% from the average session volume of 1,647,040 shares. The stock had previously closed at $3.10.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on UGP shares. Scotiabank raised shares of Ultrapar Participações to a "hold" rating in a research note on Friday, December 27th. JPMorgan Chase & Co. raised shares of Ultrapar Participações from a "neutral" rating to an "overweight" rating in a report on Tuesday, January 7th. Hsbc Global Res raised Ultrapar Participações from a "hold" rating to a "strong-buy" rating in a research note on Friday, January 17th. HSBC raised Ultrapar Participações from a "hold" rating to a "buy" rating in a research note on Friday, January 17th. Finally, The Goldman Sachs Group raised Ultrapar Participações from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $4.10 to $3.20 in a research report on Friday, January 31st. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $3.20.

Ultrapar Participações Stock Performance

The stock has a fifty day simple moving average of $2.91 and a 200-day simple moving average of $3.18. The stock has a market cap of $3.47 billion, a P/E ratio of 6.77, a PEG ratio of 2.39 and a beta of 1.42. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57.

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Ultrapar Participações Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a $0.0774 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a yield of 3.8%. Ultrapar Participações's payout ratio is currently 33.33%.

Institutional Trading of Ultrapar Participações

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP increased its position in shares of Ultrapar Participações by 162.2% during the 4th quarter. Wellington Management Group LLP now owns 599,642 shares of the oil and gas company's stock worth $1,577,000 after purchasing an additional 370,960 shares during the last quarter. Wolverine Trading LLC bought a new stake in Ultrapar Participações during the fourth quarter worth $35,000. Vident Advisory LLC lifted its stake in Ultrapar Participações by 9.9% in the fourth quarter. Vident Advisory LLC now owns 131,129 shares of the oil and gas company's stock valued at $345,000 after acquiring an additional 11,791 shares during the last quarter. Two Sigma Advisers LP grew its position in shares of Ultrapar Participações by 18.9% in the 4th quarter. Two Sigma Advisers LP now owns 1,382,300 shares of the oil and gas company's stock valued at $3,635,000 after acquiring an additional 220,200 shares during the period. Finally, Two Sigma Investments LP increased its stake in shares of Ultrapar Participações by 58.2% during the 4th quarter. Two Sigma Investments LP now owns 1,654,373 shares of the oil and gas company's stock worth $4,351,000 after purchasing an additional 608,951 shares during the last quarter. Institutional investors own 3.58% of the company's stock.

About Ultrapar Participações

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.