Ultrapar Participacoes SA (NYSE:UGP) traded up 1.4% during mid-day trading on Monday . The company traded as high as $13.14 and last traded at $13.51. 41,148 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 845,184 shares. The stock had previously closed at $13.33.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Ultrapar Participacoes from a “hold” rating to a “sell” rating in a research note on Friday, April 20th. UBS Group lowered Ultrapar Participacoes from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 9th. ValuEngine lowered Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a research note on Thursday, May 3rd. HSBC raised Ultrapar Participacoes from a “hold” rating to a “buy” rating in a research note on Friday, May 18th. Finally, Citigroup raised Ultrapar Participacoes from a “neutral” rating to a “buy” rating in a research note on Monday. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $25.00.

The company has a market capitalization of $7.30 billion, a price-to-earnings ratio of 15.03 and a beta of 1.15. The company has a debt-to-equity ratio of 1.26, a current ratio of 2.74 and a quick ratio of 2.15.

Ultrapar Participacoes (NYSE:UGP) last issued its quarterly earnings results on Wednesday, May 2nd. The oil and gas company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.03). Ultrapar Participacoes had a return on equity of 13.70% and a net margin of 1.57%. The business had revenue of $6.40 billion for the quarter, compared to analysts’ expectations of $6.19 billion. analysts anticipate that Ultrapar Participacoes SA will post 0.83 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of Ultrapar Participacoes during the 4th quarter worth $254,000. Barclays PLC lifted its stake in shares of Ultrapar Participacoes by 334,940.0% during the 1st quarter. Barclays PLC now owns 16,752 shares of the oil and gas company’s stock worth $362,000 after purchasing an additional 16,747 shares during the period. Boston Common Asset Management LLC lifted its stake in shares of Ultrapar Participacoes by 19.9% during the 4th quarter. Boston Common Asset Management LLC now owns 18,525 shares of the oil and gas company’s stock worth $421,000 after purchasing an additional 3,075 shares during the period. ING Groep NV lifted its stake in shares of Ultrapar Participacoes by 18.6% during the 4th quarter. ING Groep NV now owns 19,303 shares of the oil and gas company’s stock worth $439,000 after purchasing an additional 3,026 shares during the period. Finally, Trexquant Investment LP purchased a new position in shares of Ultrapar Participacoes during the 1st quarter worth $447,000. 4.64% of the stock is currently owned by institutional investors.

Ultrapar Participacoes Company Profile

Ultrapar ParticipaƧƵes SA engages in gas distribution, fuel distribution, chemicals, storage, and drugstores businesses in Brazil, Mexico, United Stated, Uruguay, and Venezuela. The company's Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers, as well as independent dealers, primarily in the South, Southeast, and Northeast regions of Brazil.

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