Ultrapar Participações (NYSE:UGP) Rating Lowered to “Hold” at StockNews.com

Ultrapar Participações (NYSE:UGP) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other brokerages also recently issued reports on UGP. HSBC upgraded Ultrapar Participações from a “reduce” rating to a “hold” rating in a research report on Friday, July 19th. The Goldman Sachs Group decreased their price objective on Ultrapar Participações from $5.90 to $5.20 and set a “neutral” rating on the stock in a research report on Tuesday, July 23rd. Finally, Hsbc Global Res upgraded Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research report on Friday, July 19th. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $5.20.

Ultrapar Participações Stock Performance

NYSE:UGP traded up $0.03 during mid-day trading on Tuesday, hitting $3.72. 2,030,315 shares of the company traded hands, compared to its average volume of 1,334,552. The stock’s fifty day moving average price is $3.89 and its 200-day moving average price is $4.22. Ultrapar Participações has a one year low of $3.48 and a one year high of $6.34. The company has a quick ratio of 1.16, a current ratio of 1.55 and a debt-to-equity ratio of 0.77. The firm has a market cap of $4.15 billion, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 2.76 and a beta of 1.61.

Ultrapar Participações (NYSE:UGP) last announced its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.08 EPS for the quarter, meeting the consensus estimate of $0.08. The business had revenue of $6.21 billion for the quarter. Ultrapar Participações had a return on equity of 20.24% and a net margin of 2.21%. Research analysts anticipate that Ultrapar Participações will post 0.32 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. D Orazio & Associates Inc. increased its holdings in Ultrapar Participações by 30.3% in the 2nd quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after purchasing an additional 3,498 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Ultrapar Participações by 36.1% in the first quarter. BNP Paribas Financial Markets now owns 17,923 shares of the oil and gas company’s stock valued at $103,000 after acquiring an additional 4,757 shares in the last quarter. Aigen Investment Management LP boosted its stake in Ultrapar Participações by 19.4% in the third quarter. Aigen Investment Management LP now owns 38,120 shares of the oil and gas company’s stock valued at $148,000 after acquiring an additional 6,205 shares in the last quarter. Signaturefd LLC boosted its stake in shares of Ultrapar Participações by 67.9% during the third quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock worth $62,000 after buying an additional 6,476 shares during the period. Finally, Mount Yale Investment Advisors LLC boosted its stake in shares of Ultrapar Participações by 7.1% during the first quarter. Mount Yale Investment Advisors LLC now owns 115,775 shares of the oil and gas company’s stock worth $662,000 after buying an additional 7,638 shares during the period. 3.58% of the stock is owned by hedge funds and other institutional investors.

Ultrapar Participações Company Profile

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.