Ultrapar Participacoes’ (UGP) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings reaffirmed their hold (c) rating on shares of Ultrapar Participacoes (NYSE:UGP) in a research note published on Friday morning,Weiss Ratings reports.

UGP has been the topic of several other reports. The Goldman Sachs Group upped their price objective on Ultrapar Participacoes from $4.00 to $4.50 and gave the company a “buy” rating in a research note on Friday, September 26th. Scotiabank upgraded Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research report on Monday, July 28th. Wall Street Zen upgraded Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Finally, Zacks Research raised Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Three equities research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Ultrapar Participacoes presently has an average rating of “Buy” and a consensus target price of $4.50.

Ultrapar Participacoes Stock Performance

NYSE UGP opened at $3.88 on Friday. Ultrapar Participacoes has a twelve month low of $2.53 and a twelve month high of $4.16. The company has a quick ratio of 1.38, a current ratio of 1.82 and a debt-to-equity ratio of 0.84. The stock has a market cap of $4.32 billion, a P/E ratio of 8.61, a PEG ratio of 2.01 and a beta of 1.13. The company’s 50-day simple moving average is $3.78 and its 200 day simple moving average is $3.31.

Ultrapar Participacoes Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, September 8th. Shareholders of record on Monday, August 25th were paid a $0.0555 dividend. The ex-dividend date of this dividend was Monday, August 25th. This represents a yield of 360.0%. Ultrapar Participacoes’s payout ratio is currently 20.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC lifted its position in Ultrapar Participacoes by 92.9% during the 1st quarter. GAMMA Investing LLC now owns 17,413 shares of the oil and gas company’s stock worth $54,000 after buying an additional 8,388 shares in the last quarter. Sequoia Financial Advisors LLC raised its stake in shares of Ultrapar Participacoes by 61.3% in the first quarter. Sequoia Financial Advisors LLC now owns 52,395 shares of the oil and gas company’s stock worth $161,000 after acquiring an additional 19,918 shares during the last quarter. PDS Planning Inc lifted its position in shares of Ultrapar Participacoes by 28.7% during the first quarter. PDS Planning Inc now owns 26,109 shares of the oil and gas company’s stock worth $80,000 after purchasing an additional 5,817 shares in the last quarter. Cerity Partners LLC bought a new stake in shares of Ultrapar Participacoes during the first quarter valued at approximately $236,000. Finally, Ballentine Partners LLC acquired a new stake in shares of Ultrapar Participacoes in the first quarter valued at approximately $45,000. 3.58% of the stock is owned by institutional investors.

About Ultrapar Participacoes

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.