Ultrapar Participacoes (NYSE:UGP) Stock Passes Above 200 Day Moving Average – Here’s Why

Ultrapar Participacoes S.A. (NYSE:UGP) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.97 and traded as high as $5.14. Ultrapar Participacoes shares last traded at $5.1350, with a volume of 2,793,978 shares traded.

Analysts Set New Price Targets

UGP has been the topic of a number of research analyst reports. The Goldman Sachs Group downgraded shares of Ultrapar Participacoes from a “buy” rating to a “neutral” rating and set a $5.40 price objective on the stock. in a research report on Thursday, February 5th. Weiss Ratings lowered shares of Ultrapar Participacoes from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $5.40.

Ultrapar Participacoes Stock Down 0.3%

The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 2.01 and a beta of 0.84. The business has a fifty day moving average of $4.26 and a 200 day moving average of $3.97. 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 Dividend Announcement

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

Hedge Funds Weigh In On Ultrapar Participacoes

Hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC lifted 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 last quarter. Blue Trust Inc. grew its position in Ultrapar Participacoes by 27.6% during the second quarter. Blue Trust Inc. now owns 16,425 shares of the oil and gas company’s stock worth $54,000 after buying an additional 3,554 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its position in shares of Ultrapar Participacoes by 115.6% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 77,467 shares of the oil and gas company’s stock valued at $254,000 after purchasing an additional 41,528 shares during the period. Sequoia Financial Advisors LLC increased its holdings in Ultrapar Participacoes by 12.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 59,097 shares of the oil and gas company’s stock valued at $194,000 after buying an additional 6,702 shares during the period. Finally, Ritholtz Wealth Management increased its stake in Ultrapar Participacoes by 56.6% in the second quarter. Ritholtz Wealth Management now owns 156,042 shares of the oil and gas company’s stock valued at $512,000 after acquiring an additional 56,427 shares during the period. 3.58% of the stock is owned by institutional investors and hedge funds.

Ultrapar Participacoes Company Profile

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.