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

Ultrapar Participações S.A. (NYSE:UGP) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $3.48 and last traded at $3.48, with a volume of 5734 shares. The stock had previously closed at $3.58.

Analyst Ratings Changes

Several research analysts recently commented on UGP shares. The Goldman Sachs Group cut their price target on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a report on Tuesday, July 23rd. StockNews.com lowered shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday. HSBC upgraded Ultrapar Participações from a “reduce” rating to a “hold” rating in a report on Friday, July 19th. Finally, Hsbc Global Res upgraded Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research note on Friday, July 19th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $5.20.

Ultrapar Participações Price Performance

The business’s 50 day moving average price is $3.79 and its 200-day moving average price is $4.13. 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 company has a market cap of $3.79 billion, a PE ratio of 7.39, a price-to-earnings-growth ratio of 2.82 and a beta of 1.61.

Institutional Trading of Ultrapar Participações

Large investors have recently modified their holdings of the business. Sequoia Financial Advisors LLC purchased a new position in Ultrapar Participações in the third quarter valued at about $46,000. Freedom Investment Management Inc. purchased a new position in shares of Ultrapar Participações during the 3rd quarter valued at approximately $48,000. Cutter & CO Brokerage Inc. acquired a new stake in shares of Ultrapar Participações during the second quarter worth approximately $57,000. D Orazio & Associates Inc. increased its stake 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 worth $59,000 after buying an additional 3,498 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in 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 acquiring an additional 13,461 shares in the last quarter. 3.58% of the stock is currently owned by institutional investors and hedge funds.

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.