Ultrapar Participacoes S.A. (NYSE:UGP) Receives Average Recommendation of “Buy” from Analysts

Ultrapar Participacoes S.A. (NYSE:UGP) has been assigned an average recommendation of “Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy recommendation and three have issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $4.50.

UGP has been the subject of several recent analyst reports. Zacks Research raised shares of Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Monday, September 29th. The Goldman Sachs Group boosted their price target on shares of Ultrapar Participacoes from $4.00 to $4.50 and gave the company a “buy” rating in a report on Friday, September 26th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Ultrapar Participacoes in a research note on Monday.

Hedge Funds Weigh In On Ultrapar Participacoes

Several institutional investors and hedge funds have recently modified their holdings of the business. Regatta Capital Group LLC acquired a new stake in Ultrapar Participacoes during the 2nd quarter worth approximately $41,000. Quadrature Capital Ltd bought a new stake in shares of Ultrapar Participacoes during the second quarter worth $45,000. Wealthstream Advisors Inc. acquired a new stake in shares of Ultrapar Participacoes during the second quarter worth $46,000. Plan A Wealth LLC lifted its position in Ultrapar Participacoes by 32.4% in the 3rd quarter. Plan A Wealth LLC now owns 14,056 shares of the oil and gas company’s stock valued at $58,000 after acquiring an additional 3,438 shares in the last quarter. Finally, Laurion Capital Management LP acquired a new position in Ultrapar Participacoes in the 3rd quarter worth $64,000. 3.58% of the stock is currently owned by institutional investors and hedge funds.

Ultrapar Participacoes Stock Performance

Shares of UGP stock opened at $3.77 on Friday. The stock has a market cap of $4.21 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 1.35 and a beta of 0.86. The stock has a 50-day moving average of $3.97 and a 200-day moving average of $3.64. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.83 and a quick ratio of 1.40. Ultrapar Participacoes has a one year low of $2.55 and a one year high of $4.40.

Ultrapar Participacoes Announces Dividend

The firm also recently declared a special dividend, which was paid on Friday, December 26th. Stockholders of record on Friday, December 12th were given a dividend of $0.1876 per share. The ex-dividend date of this dividend was Friday, December 12th. Ultrapar Participacoes’s dividend payout ratio (DPR) is currently 59.57%.

Ultrapar Participacoes Company Profile

Ultrapar Participações SA is a Brazilian diversified holding company operating in the downstream energy and chemical sectors. Its Ipiranga unit runs one of Brazil’s largest networks of fuel stations, supplying gasoline, ethanol, diesel and convenience-store products to retail and wholesale customers. Through Ultragaz, the company is a leading distributor of liquefied petroleum gas (LPG), offering cylinder and bulk gas solutions for residential, commercial and industrial use across urban and rural regions.

In the specialty chemicals arena, Ultrapar controls Oxiteno, which produces surfactants and specialty chemical formulations for industries such as personal care, oil and gas, agrochemicals and coatings.