Ultrapar Participacoes S.A. (NYSE:UGP) Receives Average Rating of “Hold” from Brokerages

Shares of Ultrapar Participacoes S.A. (NYSE:UGP) have been assigned an average recommendation of “Hold” from the seven research firms that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $6.54.

Several analysts recently weighed in on UGP shares. UBS Group boosted their price objective on shares of Ultrapar Participacoes from $7.20 to $7.90 and gave the stock a “buy” rating in a research note on Friday, September 4th. Weiss Ratings raised Ultrapar Participacoes from a “buy (b-)” rating to a “buy (b)” rating in a research report on Monday, September 21st. The Goldman Sachs Group cut their target price on Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating on the stock in a report on Wednesday, August 26th. Bank of America upgraded Ultrapar Participacoes from a “neutral” rating to a “buy” rating and upped their price target for the company from $6.80 to $7.40 in a research report on Wednesday, July 8th. Finally, Scotiabank cut Ultrapar Participacoes from a “sector outperform” rating to a “hold” rating in a research note on Thursday, September 17th.

Insider Buying and Selling at Ultrapar Participacoes

In other news, insider Pedro Guedes Rabelo sold 30,000 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $7.58, for a total transaction of $227,400.00. Following the completion of the sale, the insider directly owned 57,898 shares in the company, valued at $438,866.84. This represents a 34.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, 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 approximately $1,049,423.76. This trade represents a 5.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 77,785 shares of company stock valued at $587,312. 1.80% of the stock is currently owned by company insiders.

Institutional Trading of Ultrapar Participacoes

A number of large investors have recently bought and sold shares of UGP. EverSource Wealth Advisors LLC lifted its stake in shares of 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 during the period. R Squared Ltd bought a new stake in shares of Ultrapar Participacoes during the 1st quarter valued at about $55,000. Allspring Global Investments Holdings LLC acquired a new stake in Ultrapar Participacoes during the first quarter worth approximately $62,000. Royal Bank of Canada grew its stake in Ultrapar Participacoes by 165.5% during the first quarter. Royal Bank of Canada now owns 12,390 shares of the oil and gas company’s stock worth $68,000 after purchasing an additional 7,724 shares during the period. Finally, Caitong International Asset Management Co. Ltd bought a new stake in Ultrapar Participacoes in the fourth quarter worth approximately $57,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Ultrapar Participacoes Stock Up 1.3%

Shares of NYSE UGP opened at $7.43 on Tuesday. The company has a 50 day simple moving average of $6.86 and a 200 day simple moving average of $5.99. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.64 and a quick ratio of 1.26. Ultrapar Participacoes has a 1 year low of $3.60 and a 1 year high of $7.78. The firm has a market cap of $8.29 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 0.42 and a beta of 0.71.

Ultrapar Participacoes (NYSE:UGP) last posted its 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. The firm had revenue of $8 billion for the quarter, compared to analyst estimates of $8.18 billion. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%. On average, research analysts forecast that Ultrapar Participacoes will post 0.84 EPS for the current year.

Ultrapar Participacoes Dividend Announcement

The business also recently announced a dividend, which was paid on Monday, September 14th. Investors of record on Wednesday, August 26th were issued a $0.1932 dividend. The ex-dividend date was Wednesday, August 26th. This represents a yield of 599.0%. Ultrapar Participacoes’s dividend payout ratio is presently 50.82%.

About Ultrapar Participacoes

Ultrapar Participações SA is a Brazilian holding company with operations focused on energy, fuel distribution and logistics. Through its businesses, the company supplies fuels, liquefied petroleum gas (LPG) and related services to consumers, commercial customers and industrial clients.

Its principal businesses include Ipiranga, one of Brazil’s major fuel distribution companies, and Ultragaz, which distributes LPG for residential, commercial and industrial use. Ultrapar also owns Ultracargo, a provider of storage and handling services for liquid bulk products, including fuels, chemicals and other industrial materials.

Ultrapar’s operations are concentrated primarily in Brazil, with activities supported by distribution networks, terminals and storage infrastructure across key regions of the country.