Analysts Set Ultrapar Participações S.A. (NYSE:UGP) Price Target at $5.20

Shares of Ultrapar Participações S.A. (NYSE:UGP) have been given an average recommendation of “Hold” by the five research firms that are covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $5.20.

UGP has been the subject of several recent analyst reports. The Goldman Sachs Group lowered their price objective on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating for the company in a research note on Tuesday, July 23rd. 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 research report on Wednesday, October 23rd. Finally, HSBC upgraded Ultrapar Participações from a “reduce” rating to a “hold” rating in a report on Friday, July 19th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Sequoia Financial Advisors LLC bought a new position in Ultrapar Participações in the third quarter worth $46,000. Cutter & CO Brokerage Inc. bought a new position in shares of Ultrapar Participações in the 2nd quarter worth about $57,000. D Orazio & Associates Inc. lifted its position in 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 valued at $59,000 after acquiring an additional 3,498 shares during the period. Blue Trust Inc. boosted its stake in Ultrapar Participações by 567.5% during the second quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock worth $62,000 after acquiring an additional 13,461 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in Ultrapar Participações by 67.9% in the third quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock worth $62,000 after purchasing an additional 6,476 shares during the period. Hedge funds and other institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Trading Down 3.3 %

Shares of UGP stock opened at $3.50 on Friday. The business has a 50-day moving average of $3.90 and a 200 day moving average of $4.24. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.16. Ultrapar Participações has a 1-year low of $3.48 and a 1-year high of $6.34. The stock has a market capitalization of $3.90 billion, a PE ratio of 6.73, a P/E/G ratio of 2.67 and a beta of 1.61.

Ultrapar Participações (NYSE:UGP) last released its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.08. Ultrapar Participações had a return on equity of 20.24% and a net margin of 2.21%. The firm had revenue of $6.21 billion during the quarter. As a group, sell-side analysts anticipate that Ultrapar Participações will post 0.33 earnings per share for the current year.

Ultrapar Participações Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a dividend of $0.0446 per share. The ex-dividend date of this dividend was Monday, August 19th. This represents a dividend yield of 2.7%. Ultrapar Participações’s dividend payout ratio (DPR) is 15.38%.

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.