Ultrapar Participacoes SA (NYSE:UGP) reached a new 52-week low during trading on Tuesday . The company traded as low as $9.75 and last traded at $9.76, with a volume of 29532 shares traded. The stock had previously closed at $10.10.
A number of research firms recently commented on UGP. Goldman Sachs Group upgraded Ultrapar Participacoes from a “neutral” rating to a “buy” rating in a research report on Thursday, August 16th. UBS Group lowered Ultrapar Participacoes from a “hold” rating to a “sell” rating in a research report on Monday, July 30th. Santander upgraded Ultrapar Participacoes from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. HSBC upgraded Ultrapar Participacoes from a “hold” rating to a “buy” rating in a research report on Friday, May 18th. Finally, Citigroup raised Ultrapar Participacoes from a “neutral” rating to a “buy” rating in a report on Monday, June 11th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $25.00.
The company has a quick ratio of 1.81, a current ratio of 2.27 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $5.69 billion, a PE ratio of 10.42, a price-to-earnings-growth ratio of 3.27 and a beta of 1.11.
Ultrapar Participacoes (NYSE:UGP) last posted its quarterly earnings data on Wednesday, August 1st. The oil and gas company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.09). Ultrapar Participacoes had a return on equity of 13.54% and a net margin of 1.51%. The firm had revenue of $6.31 billion for the quarter, compared to analyst estimates of $6.71 billion. equities research analysts predict that Ultrapar Participacoes SA will post 0.73 earnings per share for the current year.
The company also recently disclosed a special dividend, which was paid on Thursday, August 30th. Shareholders of record on Monday, August 13th were issued a dividend of $0.1491 per share. This represents a yield of 4.54%. The ex-dividend date was Friday, August 10th. Ultrapar Participacoes’s dividend payout ratio is 27.47%.
A number of large investors have recently bought and sold shares of the business. Renaissance Technologies LLC lifted its holdings in Ultrapar Participacoes by 12.9% during the 2nd quarter. Renaissance Technologies LLC now owns 3,305,300 shares of the oil and gas company’s stock worth $39,135,000 after buying an additional 377,500 shares in the last quarter. Genesis Asset Managers LLP acquired a new position in Ultrapar Participacoes during the 2nd quarter worth $35,215,000. BlackRock Inc. lifted its holdings in Ultrapar Participacoes by 10.9% during the 1st quarter. BlackRock Inc. now owns 2,915,055 shares of the oil and gas company’s stock worth $63,024,000 after buying an additional 287,136 shares in the last quarter. Northern Trust Corp lifted its holdings in Ultrapar Participacoes by 0.6% during the 1st quarter. Northern Trust Corp now owns 693,624 shares of the oil and gas company’s stock worth $14,997,000 after buying an additional 4,070 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Ultrapar Participacoes by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 521,371 shares of the oil and gas company’s stock worth $11,272,000 after buying an additional 6,807 shares in the last quarter. 4.96% of the stock is currently owned by hedge funds and other institutional investors.
Ultrapar Participacoes Company Profile (NYSE:UGP)
Ultrapar Participações 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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