Ultrapar Participações (NYSE:UGP) Shares Down 4.6% – Here’s Why

Ultrapar Participações S.A. (NYSE:UGP) shares traded down 4.6% on Thursday . The company traded as low as $3.77 and last traded at $3.77. 227,425 shares were traded during mid-day trading, a decline of 83% from the average session volume of 1,324,682 shares. The stock had previously closed at $3.95.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UGP. Citigroup raised Ultrapar Participações from a “neutral” rating to a “buy” rating in a research note on Friday, June 14th. The Goldman Sachs Group dropped their price objective on shares of Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating for the company in a report on Tuesday, July 23rd. Hsbc Global Res upgraded shares of Ultrapar Participações from a “strong sell” rating to a “hold” rating in a report on Friday, July 19th. StockNews.com raised shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research note on Sunday, September 29th. Finally, HSBC raised shares of Ultrapar Participações from a “reduce” rating to a “hold” rating in a research report on Friday, July 19th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $5.20.

Ultrapar Participações Stock Up 0.8 %

The stock has a market cap of $4.32 billion, a PE ratio of 8.06, a price-to-earnings-growth ratio of 2.83 and a beta of 1.60. The business has a fifty day moving average of $4.10 and a 200-day moving average of $4.51. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.55 and a quick ratio of 1.16.

Ultrapar Participações (NYSE:UGP) last posted its earnings results on Wednesday, August 7th. The oil and gas company reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $6.21 billion for the quarter. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.24%. Equities research analysts anticipate that Ultrapar Participações S.A. will post 0.34 earnings per share for the current year.

Ultrapar Participações Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Monday, August 19th were issued a $0.0446 dividend. The ex-dividend date of this dividend was Monday, August 19th. This represents a yield of 2.7%. Ultrapar Participações’s dividend payout ratio is presently 16.67%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in UGP. Cutter & CO Brokerage Inc. acquired a new position in shares of Ultrapar Participações in the 2nd quarter valued at $57,000. D Orazio & Associates Inc. raised its position in Ultrapar Participações by 30.3% during the 2nd 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. Blue Trust Inc. raised its position in Ultrapar Participações by 567.5% during the 2nd quarter. Blue Trust Inc. now owns 15,833 shares of the oil and gas company’s stock worth $62,000 after buying an additional 13,461 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in Ultrapar Participações during the 1st quarter valued at approximately $80,000. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Ultrapar Participações by 36.1% in the 1st quarter. BNP Paribas Financial Markets now owns 17,923 shares of the oil and gas company’s stock valued at $103,000 after acquiring an additional 4,757 shares during the last quarter. 3.58% of the stock is currently owned by hedge funds and other institutional investors.

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.