Ultrapar Participações (NYSE:UGP) Cut to “Hold” at StockNews.com

StockNews.com lowered shares of Ultrapar Participações (NYSE:UGP) from a buy rating to a hold rating in a report released on Tuesday morning.

Other equities analysts have also issued reports about the stock. HSBC raised shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a research report on Friday, July 19th. Hsbc Global Res raised Ultrapar Participações from a “strong sell” rating to a “hold” rating in a report on Friday, July 19th. Finally, The Goldman Sachs Group reduced 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. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Ultrapar Participações presently has an average rating of “Hold” and a consensus price target of $5.20.

Ultrapar Participações Stock Down 0.5 %

NYSE:UGP opened at $3.66 on Tuesday. The company’s 50 day moving average is $4.04 and its two-hundred day moving average is $4.37. The company has a market cap of $4.08 billion, a PE ratio of 7.04, a P/E/G ratio of 2.68 and a beta of 1.60. Ultrapar Participações has a twelve month low of $3.63 and a twelve month high of $6.34. 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) last issued its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 EPS for the quarter, hitting analysts’ consensus estimates of $0.08. The company had revenue of $6.21 billion during the quarter. Ultrapar Participações had a return on equity of 20.24% and a net margin of 2.21%. Analysts anticipate that Ultrapar Participações will post 0.34 EPS for the current year.

Ultrapar Participações Cuts Dividend

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

Institutional Trading of Ultrapar Participações

Hedge funds have recently bought and sold shares of the business. D Orazio & Associates Inc. purchased a new stake in Ultrapar Participações in the first quarter valued at approximately $66,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Ultrapar Participações during the 1st quarter worth $80,000. Cutter & CO Brokerage Inc. acquired a new stake in Ultrapar Participações in the second quarter valued at $57,000. Blue Trust Inc. raised its stake in Ultrapar Participações by 567.5% in the second quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 13,461 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its holdings in shares of 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 acquiring an additional 4,757 shares during the last quarter. Institutional investors and hedge funds 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.