Ultrapar Participacoes S.A. (NYSE:UGP) Receives $6.32 Average PT from Analysts

Ultrapar Participacoes S.A. (NYSE:UGP) has been given an average recommendation of “Moderate Buy” by the seven ratings firms that are presently covering the stock, Marketbeat reports. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $6.32.

A number of research firms recently issued reports on UGP. Wall Street Zen raised Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings restated a “hold (c+)” rating on shares of Ultrapar Participacoes in a research report on Monday, June 8th. Bank of America raised shares of Ultrapar Participacoes from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $6.80 to $7.40 in a research note on Wednesday, July 8th. Finally, UBS Group upped their target price on shares of Ultrapar Participacoes from $7.00 to $7.20 and gave the stock a “buy” rating in a research report on Wednesday, June 17th.

Ultrapar Participacoes Trading Up 0.1%

Shares of UGP opened at $6.17 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.26 and a current ratio of 1.64. The company has a market cap of $6.88 billion, a price-to-earnings ratio of 10.11, a PEG ratio of 0.37 and a beta of 0.70. The stock has a fifty day moving average price of $5.64 and a two-hundred day moving average price of $5.49. Ultrapar Participacoes has a 52-week low of $3.11 and a 52-week high of $6.59.

Ultrapar Participacoes Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, September 14th. Investors of record on Wednesday, August 26th will be given a $0.1932 dividend. This represents a yield of 634.0%. The ex-dividend date is Wednesday, August 26th. Ultrapar Participacoes’s payout ratio is 34.43%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Goldman Sachs Group Inc. increased its stake in shares of Ultrapar Participacoes by 98.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 4,214,612 shares of the oil and gas company’s stock valued at $15,889,000 after buying an additional 2,087,852 shares during the period. Renaissance Technologies LLC raised its position in shares of Ultrapar Participacoes by 10.6% during the first quarter. Renaissance Technologies LLC now owns 3,740,700 shares of the oil and gas company’s stock worth $20,611,000 after acquiring an additional 357,922 shares during the last quarter. UBS Group AG lifted its stake in shares of Ultrapar Participacoes by 131.9% during the third quarter. UBS Group AG now owns 2,890,033 shares of the oil and gas company’s stock valued at $11,849,000 after acquiring an additional 1,643,562 shares during the period. Millennium Management LLC lifted its stake in shares of Ultrapar Participacoes by 306.4% during the third quarter. Millennium Management LLC now owns 2,796,662 shares of the oil and gas company’s stock valued at $11,466,000 after acquiring an additional 2,108,543 shares during the period. Finally, Deutsche Bank AG boosted its holdings in Ultrapar Participacoes by 42,357.3% in the fourth quarter. Deutsche Bank AG now owns 2,147,914 shares of the oil and gas company’s stock valued at $8,098,000 after acquiring an additional 2,142,855 shares during the last quarter. Institutional investors and hedge funds own 3.58% of the company’s stock.

About Ultrapar Participacoes

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.