Ultrapar Participações (NYSE:UGP) Shares Gap Down to $5.28

Ultrapar Participações S.A. (NYSE:UGP)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $5.28, but opened at $4.85. Ultrapar Participações shares last traded at $4.76, with a volume of 715,460 shares.

Analysts Set New Price Targets

UGP has been the topic of several research reports. StockNews.com raised Ultrapar Participações from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 24th. Itau BBA Securities lowered Ultrapar Participações from an “outperform” rating to a “market perform” rating in a research report on Tuesday, April 2nd. Finally, The Goldman Sachs Group upped their target price on Ultrapar Participações from $5.30 to $6.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $4.37.

Ultrapar Participações Stock Down 10.0 %

The business’s 50 day moving average is $5.51 and its 200 day moving average is $5.37. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.28 and a current ratio of 1.66. The stock has a market cap of $5.30 billion, a price-to-earnings ratio of 10.67, a price-to-earnings-growth ratio of 3.31 and a beta of 1.63.

Ultrapar Participações (NYSE:UGP) last issued its earnings results on Wednesday, February 28th. The oil and gas company reported $0.20 EPS for the quarter. Ultrapar Participações had a return on equity of 18.86% and a net margin of 1.95%. The business had revenue of $6.75 billion during the quarter. Equities analysts expect that Ultrapar Participações S.A. will post 0.32 earnings per share for the current year.

Ultrapar Participações Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, March 25th. Shareholders of record on Monday, March 11th were given a dividend of $0.0723 per share. The ex-dividend date was Friday, March 8th. This is a positive change from Ultrapar Participações’s previous semi-annual dividend of $0.05. This represents a yield of 2%. Ultrapar Participações’s dividend payout ratio (DPR) is presently 31.11%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UGP. Blue Trust Inc. grew its stake in Ultrapar Participações by 254.7% in the fourth quarter. Blue Trust Inc. now owns 5,796 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 4,162 shares in the last quarter. Assetmark Inc. acquired a new stake in shares of Ultrapar Participações during the 4th quarter valued at about $46,000. TCG Advisory Services LLC bought a new stake in shares of Ultrapar Participações in the 4th quarter valued at approximately $62,000. D Orazio & Associates Inc. acquired a new position in Ultrapar Participações in the first quarter worth approximately $66,000. Finally, SG Americas Securities LLC bought a new position in Ultrapar Participações during the third quarter valued at approximately $71,000. 3.58% of the stock is 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.