Ultrapar Participações (NYSE:UGP) Reaches New 1-Year Low – Should You Sell?

Ultrapar Participações S.A. (NYSE:UGP)’s share price hit a new 52-week low on Friday . The stock traded as low as $3.51 and last traded at $3.56, with a volume of 693476 shares. The stock had previously closed at $3.62.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on UGP. 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 report on Wednesday, October 23rd. HSBC upgraded Ultrapar Participações from a “reduce” rating to a “hold” rating in a report on Friday, July 19th. Finally, The Goldman Sachs Group reduced their price target on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a research report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $5.20.

Ultrapar Participações Stock Down 3.0 %

The business has a 50-day moving average price of $3.92 and a two-hundred day moving average price of $4.25. The company has a quick ratio of 1.16, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. The firm has a market cap of $3.91 billion, a PE ratio of 6.81, a price-to-earnings-growth ratio of 2.59 and a beta of 1.60.

Ultrapar Participações (NYSE:UGP) last posted its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.08. The business had revenue of $6.21 billion for the quarter. Ultrapar Participações had a return on equity of 20.24% and a net margin of 2.21%. On average, equities research analysts expect that Ultrapar Participações S.A. will post 0.34 EPS for the current year.

Ultrapar Participações Cuts Dividend

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

Hedge Funds Weigh In On Ultrapar Participações

Several large investors have recently bought and sold shares of UGP. Sequoia Financial Advisors LLC acquired a new position in Ultrapar Participações in the third quarter valued at $46,000. Cutter & CO Brokerage Inc. acquired a new position in Ultrapar Participações in the second quarter valued at $57,000. D Orazio & Associates Inc. raised its holdings in shares of Ultrapar Participações by 30.3% in the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after buying an additional 3,498 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of 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 during the last quarter. Finally, Signaturefd LLC raised its holdings in shares of Ultrapar Participações by 67.9% in the third quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock valued at $62,000 after buying an additional 6,476 shares during the last quarter. Institutional investors and hedge funds own 3.58% of the company’s stock.

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.