Ultrapar Participacoes (NYSE:UGP) Stock Price Down 6.4% – Time to Sell?

Shares of Ultrapar Participacoes S.A. (NYSE:UGP) fell 6.4% on Tuesday . The stock traded as low as $3.74 and last traded at $3.7450. 1,206,973 shares changed hands during trading, a decline of 38% from the average session volume of 1,957,405 shares. The stock had previously closed at $4.00.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on UGP shares. Zacks Research raised Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a report on Monday, September 29th. Weiss Ratings upgraded shares of Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. The Goldman Sachs Group lifted their price objective on shares of Ultrapar Participacoes from $4.00 to $4.50 and gave the stock a “buy” rating in a research note on Friday, September 26th. Finally, Wall Street Zen raised shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Friday, August 22nd. Three investment analysts have rated the stock with a Strong Buy rating and four have given a Buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus price target of $4.50.

Ultrapar Participacoes Price Performance

The stock has a 50 day moving average of $4.00 and a two-hundred day moving average of $3.59. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.40 and a current ratio of 1.83. The stock has a market cap of $4.09 billion, a PE ratio of 7.81, a PEG ratio of 1.73 and a beta of 0.89.

Ultrapar Participacoes Announces Dividend

The company also recently disclosed a special dividend, which will be paid on Friday, December 26th. Investors of record on Friday, December 12th will be paid a $0.1876 dividend. The ex-dividend date of this dividend is Friday, December 12th. Ultrapar Participacoes’s dividend payout ratio (DPR) is currently 59.57%.

Institutional Trading of Ultrapar Participacoes

Large investors have recently added to or reduced their stakes in the company. Regatta Capital Group LLC acquired a new stake in shares of Ultrapar Participacoes in the second quarter worth $41,000. Quadrature Capital Ltd purchased a new stake in Ultrapar Participacoes in the 2nd quarter worth about $45,000. Wealthstream Advisors Inc. acquired a new stake in Ultrapar Participacoes during the 2nd quarter worth about $46,000. Inspire Investing LLC purchased a new position in Ultrapar Participacoes during the 1st quarter valued at about $53,000. Finally, Blue Trust Inc. grew its stake in Ultrapar Participacoes by 27.6% during the 2nd quarter. Blue Trust Inc. now owns 16,425 shares of the oil and gas company’s stock valued at $54,000 after acquiring an additional 3,554 shares in the last quarter. 3.58% of the stock is owned by institutional investors and hedge funds.

About Ultrapar Participacoes

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.