Ultrapar Participacoes (NYSE:UGP) Shares Down 6.1%

Ultrapar Participacoes SA (NYSE:UGP)’s share price fell 6.1% on Monday . The company traded as low as $4.78 and last traded at $4.81, 1,032,838 shares traded hands during trading. A decline of 18% from the average session volume of 1,262,986 shares. The stock had previously closed at $5.12.

A number of research firms have weighed in on UGP. Bradesco Corretora raised Ultrapar Participacoes from a “neutral” rating to an “outperform” rating in a research report on Tuesday, July 23rd. ValuEngine cut Ultrapar Participacoes from a “sell” rating to a “strong sell” rating in a research report on Thursday. Zacks Investment Research raised Ultrapar Participacoes from a “sell” rating to a “hold” rating in a research report on Thursday, June 20th. Morgan Stanley cut Ultrapar Participacoes from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, June 18th. Finally, Credit Suisse Group raised Ultrapar Participacoes from an “underperform” rating to a “neutral” rating in a research report on Friday, May 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $18.00.

The firm has a market capitalization of $5.70 billion, a price-to-earnings ratio of 17.18 and a beta of 0.26. The firm has a 50 day moving average of $5.32. The company has a debt-to-equity ratio of 1.44, a current ratio of 2.76 and a quick ratio of 2.18.

Ultrapar Participacoes (NYSE:UGP) last issued its earnings results on Thursday, May 16th. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.03 by $0.03. The business had revenue of $5.50 billion during the quarter. Ultrapar Participacoes had a return on equity of 13.29% and a net margin of 1.44%. Equities research analysts expect that Ultrapar Participacoes SA will post 0.32 earnings per share for the current year.

Several hedge funds have recently modified their holdings of the company. Advisor Group Inc. raised its stake in shares of Ultrapar Participacoes by 233.2% during the 4th quarter. Advisor Group Inc. now owns 3,019 shares of the oil and gas company’s stock worth $41,000 after buying an additional 2,113 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Ultrapar Participacoes by 57.2% in the 1st quarter. Quadrant Capital Group LLC now owns 9,222 shares of the oil and gas company’s stock valued at $109,000 after purchasing an additional 3,355 shares in the last quarter. Citigroup Inc. increased its stake in Ultrapar Participacoes by 331.0% in the 4th quarter. Citigroup Inc. now owns 5,875 shares of the oil and gas company’s stock valued at $80,000 after purchasing an additional 4,512 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in Ultrapar Participacoes by 14.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 36,400 shares of the oil and gas company’s stock valued at $191,000 after purchasing an additional 4,695 shares in the last quarter. Finally, Signaturefd LLC increased its stake in Ultrapar Participacoes by 120.6% in the 2nd quarter. Signaturefd LLC now owns 12,206 shares of the oil and gas company’s stock valued at $64,000 after purchasing an additional 6,672 shares in the last quarter. 1.78% of the stock is owned by institutional investors and hedge funds.

Ultrapar Participacoes Company Profile (NYSE:UGP)

Ultrapar Participações SA engages in the gas distribution, fuel distribution, chemicals, storage, and drugstores businesses primarily in Brazil, Mexico, Uruguay, Venezuela, other Latin American countries, the United States, Canada, the Far East, Europe, and internationally. The company's Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers, as well as independent dealers primarily in the South, Southeast, and Northeast regions of Brazil.

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