Ultrapar Participacoes S.A. (NYSE:UGP) Stock Has Average Price Target of $6.54 According to Brokerages

Shares of Ultrapar Participacoes S.A. (NYSE:UGP) have been given a consensus rating of “Moderate Buy” by the nine analysts that are presently covering the firm, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $6.54.

A number of brokerages recently commented on UGP. Bank of America upgraded 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. The Goldman Sachs Group reduced their price target on shares of Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating for the company in a research report on Wednesday, August 26th. UBS Group raised their price target on Ultrapar Participacoes from $7.20 to $7.90 and gave the stock a “buy” rating in a research note on Friday, September 4th. Weiss Ratings cut Ultrapar Participacoes from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Finally, Zacks Research upgraded Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a research note on Thursday, October 15th.

Insiders Place Their Bets

In other Ultrapar Participacoes news, CFO Andre Saleme Hachem sold 39,200 shares of the company’s stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $7.67, for a total transaction of $300,664.00. Following the transaction, the chief financial officer directly owned 25,675 shares in the company, valued at approximately $196,927.25. This represents a 60.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Decio De Sampaio Amaral sold 8,000 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $6.93, for a total transaction of $55,440.00. Following the completion of the sale, the chief executive officer directly owned 151,432 shares in the company, valued at approximately $1,049,423.76. The trade was a 5.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 77,785 shares of company stock worth $587,312. Corporate insiders own 1.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Park Avenue Securities LLC bought a new stake in Ultrapar Participacoes in the third quarter worth approximately $81,000. Inspire Investing LLC raised its position in Ultrapar Participacoes by 20.7% in the third quarter. Inspire Investing LLC now owns 20,782 shares of the oil and gas company’s stock worth $152,000 after purchasing an additional 3,560 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its stake in shares of Ultrapar Participacoes by 162.3% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 180,500 shares of the oil and gas company’s stock valued at $1,321,000 after purchasing an additional 111,695 shares in the last quarter. Diversify Advisory Services LLC bought a new stake in Ultrapar Participacoes during the third quarter worth about $2,733,000. Finally, TD Waterhouse Canada Inc. acquired a new stake in shares of Ultrapar Participacoes in the third quarter valued at $1,108,000. Institutional investors and hedge funds own 3.58% of the company’s stock.

Ultrapar Participacoes Stock Down 4.5%

UGP opened at $6.12 on Friday. The company has a fifty day moving average of $7.31 and a two-hundred day moving average of $5.89. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 10.02, a PEG ratio of 0.41 and a beta of 0.71. Ultrapar Participacoes has a fifty-two week low of $3.60 and a fifty-two week high of $8.28. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.26 and a current ratio of 1.64.

Ultrapar Participacoes (NYSE:UGP) last announced its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.01. Ultrapar Participacoes had a return on equity of 18.84% and a net margin of 2.28%. The firm had revenue of $8 billion for the quarter, compared to the consensus estimate of $8.18 billion. On average, research analysts expect that Ultrapar Participacoes will post 0.87 earnings per share for the current year.

Ultrapar Participacoes Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, September 14th. Investors of record on Wednesday, August 26th were given a $0.1932 dividend. The ex-dividend date was Wednesday, August 26th. This represents a yield of 599.0%. Ultrapar Participacoes’s dividend payout ratio (DPR) is presently 50.82%.

About Ultrapar Participacoes

Ultrapar Participações SA is a Brazilian holding company whose businesses focus on fuel distribution, liquefied petroleum gas and transportation infrastructure. Through its subsidiaries, the company serves commercial, industrial, retail and residential customers, primarily in Brazil.

Ipiranga is Ultrapar’s fuel-distribution business, supplying gasoline, ethanol, diesel and other fuels through a network of service stations and commercial channels. Ultragaz distributes liquefied petroleum gas for household, commercial and industrial use, including bottled and bulk products.

Ultrapar also operates Ultracargo, a provider of liquid bulk storage and transportation infrastructure for fuels, chemicals and other products.