Ultrapar Participações (NYSE:UGP) Shares Down 2.1% – What’s Next?

Ultrapar Participações S.A. (NYSE:UGP)’s stock price dropped 2.1% during mid-day trading on Monday . The company traded as low as $3.10 and last traded at $3.11. Approximately 156,289 shares were traded during trading, a decline of 90% from the average daily volume of 1,529,684 shares. The stock had previously closed at $3.17.

Analyst Ratings Changes

A number of research firms have commented on UGP. JPMorgan Chase & Co. raised shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research report on Tuesday, January 7th. HSBC raised shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a research report on Friday, January 17th. Scotiabank upgraded Ultrapar Participações to a “hold” rating in a research note on Friday, December 27th. Hsbc Global Res raised Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Finally, The Goldman Sachs Group raised Ultrapar Participações from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $4.10 to $3.20 in a research note on Friday, January 31st. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $3.20.

Ultrapar Participações Trading Up 1.9 %

The firm has a market capitalization of $3.52 billion, a PE ratio of 6.87, a PEG ratio of 2.39 and a beta of 1.42. The company’s 50-day moving average price is $2.88 and its 200-day moving average price is $3.19. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.11 and a current ratio of 1.57.

Ultrapar Participações Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Monday, March 24th. Stockholders of record on Monday, March 10th were issued a $0.0774 dividend. The ex-dividend date of this dividend was Monday, March 10th. This represents a dividend yield of 3.8%. Ultrapar Participações’s payout ratio is currently 33.33%.

Hedge Funds Weigh In On Ultrapar Participações

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wellington Management Group LLP raised its holdings in Ultrapar Participações by 162.2% during the fourth quarter. Wellington Management Group LLP now owns 599,642 shares of the oil and gas company’s stock worth $1,577,000 after purchasing an additional 370,960 shares in the last quarter. Wolverine Trading LLC acquired a new stake in Ultrapar Participações during the 4th quarter worth $35,000. Vident Advisory LLC lifted its position in Ultrapar Participações by 9.9% in the fourth quarter. Vident Advisory LLC now owns 131,129 shares of the oil and gas company’s stock valued at $345,000 after acquiring an additional 11,791 shares during the last quarter. Two Sigma Advisers LP boosted its stake in Ultrapar Participações by 18.9% in the fourth quarter. Two Sigma Advisers LP now owns 1,382,300 shares of the oil and gas company’s stock valued at $3,635,000 after acquiring an additional 220,200 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in Ultrapar Participações by 58.2% in the fourth quarter. Two Sigma Investments LP now owns 1,654,373 shares of the oil and gas company’s stock valued at $4,351,000 after acquiring an additional 608,951 shares in the last quarter. 3.58% of the stock is owned by institutional investors and hedge funds.

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.