Ultrapar Participacoes SA (NYSE:UGP) traded down 6.8% on Friday . The company traded as low as $12.52 and last traded at $12.54. 1,514,334 shares were traded during mid-day trading, an increase of 95% from the average session volume of 778,079 shares. The stock had previously closed at $13.46.
A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded Ultrapar Participacoes from a “sell” rating to a “hold” rating in a report on Saturday, December 15th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ultrapar Participacoes in a report on Friday. Finally, ValuEngine downgraded Ultrapar Participacoes from a “hold” rating to a “sell” rating in a report on Thursday, February 7th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. Ultrapar Participacoes presently has an average rating of “Hold” and an average target price of $18.00.
The company has a debt-to-equity ratio of 1.32, a current ratio of 2.56 and a quick ratio of 2.03. The firm has a market cap of $6.98 billion, a price-to-earnings ratio of 22.39 and a beta of 0.33.
The company also recently declared a semiannual dividend, which will be paid on Monday, March 25th. Stockholders of record on Monday, March 4th will be issued a $0.1858 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a dividend yield of 2.58%. Ultrapar Participacoes’s dividend payout ratio (DPR) is 60.71%.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Federated Investors Inc. PA bought a new stake in shares of Ultrapar Participacoes during the 3rd quarter worth about $40,000. Advisor Group Inc. lifted its holdings in shares of Ultrapar Participacoes by 233.2% during the 4th quarter. Advisor Group Inc. now owns 3,019 shares of the oil and gas company’s stock worth $41,000 after acquiring an additional 2,113 shares during the last quarter. Quadrant Capital Group LLC lifted its holdings in shares of Ultrapar Participacoes by 711.5% during the 4th quarter. Quadrant Capital Group LLC now owns 5,867 shares of the oil and gas company’s stock worth $77,000 after acquiring an additional 5,144 shares during the last quarter. Citigroup Inc. lifted its holdings in shares of Ultrapar Participacoes by 331.0% during the 4th quarter. Citigroup Inc. now owns 5,875 shares of the oil and gas company’s stock worth $80,000 after acquiring an additional 4,512 shares during the last quarter. Finally, CIBC World Markets Inc. bought a new stake in shares of Ultrapar Participacoes during the 3rd quarter worth $134,000. Institutional investors and hedge funds own 4.27% of the company’s stock.
About Ultrapar Participacoes (NYSE:UGP)
Ultrapar Participações SA engages in gas distribution, fuel distribution, chemicals, storage, and drugstores businesses in Brazil, Mexico, United Stated, Uruguay, and Venezuela. The company's Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers, as well as independent dealers, primarily in the South, Southeast, and Northeast regions of Brazil.
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