Ultrapar Participações (NYSE:UGP) Downgraded by StockNews.com

StockNews.com downgraded the stock Ultrapar Participações (NYSE:UGP – Free Report) from a buy rating to a hold rating in a research report on Monday.

Several other research firms have also issued reports on UGP. HSBC upgraded shares of Ultrapar Participações from a reduce rating to a hold rating in a report on Friday, July 19th. Hsbc Global Res raised Ultrapar Participações from a strong sell rating to a hold rating in a research note on Friday, July 19th. Citigroup upgraded Ultrapar Participações from a neutral rating to a buy rating in a report on Friday, June 14th. Finally, Goldman Sachs Group cut their price target 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. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of Hold and a consensus price target of $5.20.

Get the latest report on UGP

Ultrapar Participações stock down 1.9%

Shares of NYSE:UGP opened at $3.71 on Monday. The firm has a market cap of $4.14 billion, a P/E ratio of 7.73, a P/E/G ratio of 2.78 and a beta of 1.60. Ultrapar Participações has a 12 month low of $3.66 and a 12 month high of $6.34. The company has a fifty day simple moving average of $4.09 and a 200 day simple moving average of $4.46. The company has a quick ratio of 1.16, a current ratio of 1.55, and a debt-to-equity ratio of 0.77.

Ultrapar Participações (NYSE:UGP – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 earnings per share for the quarter, meeting the consensus estimate 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 predict that Ultrapar Participações will post 0.34 earnings per share for the current year.

Ultrapar Participações reduces dividends

The company also recently announced a semiannual dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were paid a dividend of $0.0446. This represents a dividend yield of 2.7%. The ex-dividend date was Monday, August 19. Ultrapar Participações’s dividend payout ratio (DPR) is currently 16.67%.

Hedge funds influence Ultrapar Participações

A number of hedge funds have recently modified their holdings of UGP. Aprio Wealth Management LLC raised its position in shares of Ultrapar Participações by 63.9% in the third quarter. Aprio Wealth Management LLC now owns 43,516 shares of the oil and gas company’s stock worth $169,000 after buying an additional 16,967 shares during the period. Marshall Wace LLP raised its stake in shares of Ultrapar Participações by 332.6% in the second quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock valued at $5,591,000 after buying an additional 1,099,433 shares during the period. XTX Topco Ltd boosted its position in shares of Ultrapar Participações by 128.2% during the second quarter. XTX Topco Ltd now owns 66,631 shares of the oil and gas company’s stock valued at $261,000 after buying an additional 37,436 shares during the last quarter. Renaissance Technologies LLC raised its stake in Ultrapar Participações by 57.9% in the second quarter. Renaissance Technologies LLC now owns 2,450,300 shares of the oil and gas company’s stock worth $9,581,000 after purchasing an additional 898,600 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Ultrapar Participações by 16.6% in the second quarter. Dimensional Fund Advisors LP now owns 303,436 shares of the oil and gas company’s stock worth $1,187,000 after purchasing an additional 43,258 shares during the last quarter. Hedge funds and other institutional investors own 3.58% of the company’s shares.

About Ultrapar Participações

(Get a free report)

Ultrapar Participações SA, through its subsidiaries, operates in the field of energy and infrastructure in Brazil. The company distributes LPG 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 owns AmPm stores and provides JetOil lubrication services.

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