Ultrapar Participações S.A. (NYSE:UGP) Receives $4.37 Average PT from Brokerages

Ultrapar Participações S.A. (NYSE:UGP) has earned a consensus rating of “Reduce” from the five ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $4.37.

A number of brokerages recently weighed in on UGP. The Goldman Sachs Group lifted their price objective on shares of Ultrapar Participações from $5.30 to $6.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. StockNews.com upgraded shares of Ultrapar Participações from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. Finally, Itau BBA Securities lowered shares of Ultrapar Participações from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 2nd.

Institutional Investors Weigh In On Ultrapar Participações

Several large investors have recently modified their holdings of UGP. Blue Trust Inc. raised its holdings in shares of Ultrapar Participações by 254.7% in the 4th quarter. Blue Trust Inc. now owns 5,796 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 4,162 shares in the last quarter. Assetmark Inc. bought a new stake in shares of Ultrapar Participações in the 4th quarter valued at about $46,000. TCG Advisory Services LLC bought a new stake in shares of Ultrapar Participações in the 4th quarter valued at about $62,000. SG Americas Securities LLC bought a new stake in shares of Ultrapar Participações in the 3rd quarter valued at about $71,000. Finally, Ritholtz Wealth Management bought a new stake in shares of Ultrapar Participações in the 3rd quarter valued at about $72,000. Institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Price Performance

Ultrapar Participações stock opened at $5.22 on Wednesday. The firm has a 50-day moving average price of $5.69 and a 200-day moving average price of $5.28. The firm has a market capitalization of $5.82 billion, a PE ratio of 11.29, a price-to-earnings-growth ratio of 3.14 and a beta of 1.59. The company has a current ratio of 1.66, a quick ratio of 1.28 and a debt-to-equity ratio of 0.78. Ultrapar Participações has a 12-month low of $2.74 and a 12-month high of $6.34.

Ultrapar Participações (NYSE:UGP) last released its earnings results on Wednesday, February 28th. The oil and gas company reported $0.20 earnings per share (EPS) for the quarter. The firm had revenue of $6.75 billion during the quarter. Ultrapar Participações had a net margin of 1.95% and a return on equity of 18.86%. As a group, equities research analysts forecast that Ultrapar Participações will post 0.32 EPS for the current year.

Ultrapar Participações Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Monday, March 25th. Stockholders of record on Monday, March 11th were issued a $0.0723 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a dividend yield of 2%. This is a positive change from Ultrapar Participações’s previous semi-annual dividend of $0.05. Ultrapar Participações’s payout ratio is currently 31.11%.

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.