Ultrapar Participacoes S.A. (NYSE:UGP) Receives $4.50 Average PT from Brokerages

Shares of Ultrapar Participacoes S.A. (NYSE:UGP) have been assigned an average rating of “Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation and three have assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $4.50.

Several research analysts have issued reports on the company. Zacks Research raised Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. The Goldman Sachs Group lifted their target price on Ultrapar Participacoes from $4.00 to $4.50 and gave the stock a “buy” rating in a report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ultrapar Participacoes in a report on Monday.

Ultrapar Participacoes Stock Up 2.3%

NYSE UGP opened at $3.81 on Friday. Ultrapar Participacoes has a 12 month low of $2.55 and a 12 month high of $4.40. The company has a market capitalization of $4.24 billion, a P/E ratio of 8.10, a PEG ratio of 1.33 and a beta of 0.89. The company’s 50 day simple moving average is $3.97 and its 200 day simple moving average is $3.64. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.83 and a quick ratio of 1.40.

Ultrapar Participacoes Announces Dividend

The company also recently disclosed a special dividend, which was paid on Friday, December 26th. Shareholders of record on Friday, December 12th were paid a dividend of $0.1876 per share. The ex-dividend date of this dividend was Friday, December 12th. Ultrapar Participacoes’s dividend payout ratio is currently 59.57%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Invesco Ltd. lifted its position in shares of Ultrapar Participacoes by 15.8% in the 1st quarter. Invesco Ltd. now owns 98,323 shares of the oil and gas company’s stock valued at $303,000 after acquiring an additional 13,416 shares in the last quarter. American Century Companies Inc. raised its stake in Ultrapar Participacoes by 6.5% during the 1st quarter. American Century Companies Inc. now owns 1,892,257 shares of the oil and gas company’s stock valued at $5,828,000 after purchasing an additional 116,150 shares during the period. Vident Advisory LLC lifted its holdings in shares of Ultrapar Participacoes by 5.9% in the first quarter. Vident Advisory LLC now owns 138,906 shares of the oil and gas company’s stock valued at $428,000 after purchasing an additional 7,777 shares in the last quarter. Aprio Wealth Management LLC boosted its position in shares of Ultrapar Participacoes by 138.9% in the first quarter. Aprio Wealth Management LLC now owns 85,370 shares of the oil and gas company’s stock worth $263,000 after buying an additional 49,628 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of Ultrapar Participacoes by 10.9% in the first quarter. AQR Capital Management LLC now owns 70,838 shares of the oil and gas company’s stock worth $218,000 after buying an additional 6,947 shares during the period. 3.58% of the stock is owned by hedge funds and other institutional investors.

About Ultrapar Participacoes

Ultrapar Participações SA is a Brazilian diversified holding company operating in the downstream energy and chemical sectors. Its Ipiranga unit runs one of Brazil’s largest networks of fuel stations, supplying gasoline, ethanol, diesel and convenience-store products to retail and wholesale customers. Through Ultragaz, the company is a leading distributor of liquefied petroleum gas (LPG), offering cylinder and bulk gas solutions for residential, commercial and industrial use across urban and rural regions.

In the specialty chemicals arena, Ultrapar controls Oxiteno, which produces surfactants and specialty chemical formulations for industries such as personal care, oil and gas, agrochemicals and coatings.