Ultrapar Participacoes S.A. (NYSE:UGP) Receives Average Rating of “Moderate Buy” from Analysts

Ultrapar Participacoes S.A. (NYSE:UGP) has been assigned a consensus recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $6.54.

UGP has been the subject of a number of analyst reports. Weiss Ratings raised Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 14th. The Goldman Sachs Group cut their price objective on Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating for the company in a research report on Wednesday, August 26th. UBS Group raised their target price on Ultrapar Participacoes from $7.20 to $7.90 and gave the company a “buy” rating in a report on Friday, September 4th. Finally, Bank of America upgraded shares of Ultrapar Participacoes from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $6.80 to $7.40 in a research report on Wednesday, July 8th.

Insider Transactions at Ultrapar Participacoes

In related news, CEO Decio De Sampaio Amaral sold 8,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $6.93, for a total transaction of $55,440.00. Following the sale, the chief executive officer owned 151,432 shares of the company’s stock, valued at $1,049,423.76. This trade represents a 5.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC increased its holdings in Ultrapar Participacoes by 45.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 1,982 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Ultrapar Participacoes during the fourth quarter valued at $32,000. R Squared Ltd acquired a new position in Ultrapar Participacoes during the 1st quarter worth $55,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Ultrapar Participacoes during the first quarter valued at approximately $62,000. Finally, GeoWealth Management LLC acquired a new stake in Ultrapar Participacoes during the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 3.58% of the company’s stock.

Ultrapar Participacoes Stock Up 1.8%

Shares of NYSE UGP opened at $7.57 on Friday. The stock has a market cap of $8.44 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 0.42 and a beta of 0.73. The company has a quick ratio of 1.26, a current ratio of 1.64 and a debt-to-equity ratio of 0.74. Ultrapar Participacoes has a 52-week low of $3.60 and a 52-week high of $7.63. The business has a 50-day moving average price of $6.39 and a 200 day moving average price of $5.73.

Ultrapar Participacoes (NYSE:UGP) last issued its quarterly earnings results on Wednesday, August 12th. The oil and gas company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%. The firm had revenue of $8 billion during the quarter, compared to analysts’ expectations of $8.18 billion. Equities research analysts forecast that Ultrapar Participacoes will post 0.84 earnings per share for the current year.

Ultrapar Participacoes Announces Dividend

The company also recently declared a dividend, which will be paid on Monday, September 14th. Stockholders of record on Wednesday, August 26th will be given a $0.1932 dividend. The ex-dividend date is Wednesday, August 26th. This represents a dividend yield of 599.0%. Ultrapar Participacoes’s dividend payout ratio (DPR) is currently 50.82%.

Ultrapar Participacoes Company Profile

Ultrapar Participações SA is a Brazilian holding company with operations focused on fuel distribution, liquefied petroleum gas and bulk liquid storage. The company traces its origins to 1937, when it was established as Companhia Brasileira de Gás a Domicílio, the predecessor of Ultragaz. Ultrapar’s American depositary shares trade on the New York Stock Exchange under the symbol UGP.

Its principal businesses include Ipiranga, a fuel distribution company that supplies gasoline, ethanol, diesel and other fuels through a nationwide network of service stations.