Ultrapar Participações (NYSE:UGP) Shares Down 2.7%

Ultrapar Participações S.A. (NYSE:UGP) was down 2.7% during trading on Friday . The company traded as low as $3.92 and last traded at $3.92. Approximately 70,070 shares traded hands during mid-day trading, a decline of 95% from the average daily volume of 1,384,072 shares. The stock had previously closed at $4.03.

Analyst Ratings Changes

A number of research analysts have commented on UGP shares. Citigroup upgraded Ultrapar Participações from a “neutral” rating to a “buy” rating in a research note on Friday, June 14th. Itau BBA Securities downgraded Ultrapar Participações from an “outperform” rating to a “market perform” rating in a research note on Tuesday, April 2nd. The Goldman Sachs Group boosted their target price on Ultrapar Participações from $5.30 to $6.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Finally, StockNews.com cut Ultrapar Participações from a “strong-buy” rating to a “buy” rating in a research report on Friday, May 10th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Ultrapar Participações presently has a consensus rating of “Hold” and a consensus target price of $4.65.

Ultrapar Participações Stock Down 2.7 %

The company has a debt-to-equity ratio of 0.72, a current ratio of 1.68 and a quick ratio of 1.23. The stock has a market capitalization of $4.37 billion, a P/E ratio of 8.40, a price-to-earnings-growth ratio of 2.99 and a beta of 1.63. The firm has a 50 day moving average of $4.62 and a 200-day moving average of $5.29.

Ultrapar Participações (NYSE:UGP) last released its quarterly earnings data on Wednesday, May 8th. The oil and gas company reported $0.08 earnings per share for the quarter. Ultrapar Participações had a return on equity of 19.30% and a net margin of 2.07%. The company had revenue of $6.14 billion for the quarter. On average, equities research analysts expect that Ultrapar Participações S.A. will post 0.32 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Ultrapar Participações

A number of hedge funds and other institutional investors have recently bought and sold shares of UGP. Blue Trust Inc. boosted its position in Ultrapar Participações by 254.7% in the 4th quarter. Blue Trust Inc. now owns 5,796 shares of the oil and gas company’s stock valued at $31,000 after buying an additional 4,162 shares during the last quarter. BNP Paribas Financial Markets boosted its position in Ultrapar Participações by 36.1% in the 1st quarter. BNP Paribas Financial Markets now owns 17,923 shares of the oil and gas company’s stock valued at $103,000 after buying an additional 4,757 shares during the last quarter. Aprio Wealth Management LLC boosted its position in Ultrapar Participações by 22.9% in the 1st quarter. Aprio Wealth Management LLC now owns 28,337 shares of the oil and gas company’s stock valued at $162,000 after buying an additional 5,281 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its position in Ultrapar Participações by 7.1% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 115,775 shares of the oil and gas company’s stock valued at $662,000 after buying an additional 7,638 shares during the last quarter. Finally, Assetmark Inc. bought a new position in Ultrapar Participações in the 4th quarter valued at $46,000. 3.58% of the stock is owned by institutional investors and hedge funds.

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.