Ultrapar Participações (NYSE:UGP) Shares Gap Up to $3.83

Ultrapar Participações S.A. (NYSE:UGP) gapped up prior to trading on Wednesday . The stock had previously closed at $3.83, but opened at $3.95. Ultrapar Participações shares last traded at $3.96, with a volume of 67,666 shares trading hands.

Wall Street Analysts Forecast Growth

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

Ultrapar Participações Stock Up 3.9 %

The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.68. The stock has a market capitalization of $4.44 billion, a price-to-earnings ratio of 7.98, a P/E/G ratio of 2.97 and a beta of 1.64. The firm’s fifty day simple moving average is $4.54 and its 200 day simple moving average is $5.27.

Ultrapar Participações (NYSE:UGP) last announced its earnings results on Wednesday, May 8th. The oil and gas company reported $0.08 EPS for the quarter. The firm had revenue of $6.14 billion for the quarter. Ultrapar Participações had a net margin of 2.07% and a return on equity of 19.30%. On average, sell-side analysts forecast that Ultrapar Participações S.A. will post 0.32 earnings per share for the current year.

Institutional Trading of Ultrapar Participações

Several hedge funds have recently bought and sold shares of UGP. Acadian Asset Management LLC raised its holdings in shares of Ultrapar Participações by 175.6% in the first quarter. Acadian Asset Management LLC now owns 3,471,048 shares of the oil and gas company’s stock valued at $19,850,000 after purchasing an additional 2,211,696 shares during the last quarter. Natixis Advisors L.P. acquired a new stake in shares of Ultrapar Participações in the fourth quarter valued at approximately $1,169,000. US Bancorp DE raised its holdings in shares of Ultrapar Participações by 1,497.3% in the fourth quarter. US Bancorp DE now owns 153,473 shares of the oil and gas company’s stock valued at $832,000 after purchasing an additional 143,865 shares during the last quarter. O Shaughnessy Asset Management LLC raised its holdings in shares of Ultrapar Participações by 60.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 356,835 shares of the oil and gas company’s stock valued at $2,041,000 after purchasing an additional 133,791 shares during the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Ultrapar Participações by 8.2% in the third quarter. American Century Companies Inc. now owns 1,382,989 shares of the oil and gas company’s stock valued at $5,076,000 after purchasing an additional 104,754 shares during the last quarter. 3.58% of the stock is currently 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.