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

Shares of Ultrapar Participacoes S.A. (NYSE:UGP) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $6.32.

Several equities analysts recently commented on UGP shares. UBS Group boosted their target price on Ultrapar Participacoes from $7.00 to $7.20 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. 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. Finally, Bank of America upgraded shares of Ultrapar Participacoes from a “neutral” rating to a “buy” rating and lifted their target price for the company from $6.80 to $7.40 in a research report on Wednesday, July 8th.

Hedge Funds Weigh In On Ultrapar Participacoes

Several institutional investors have recently modified their holdings of the company. Sequoia Financial Advisors LLC boosted its stake in Ultrapar Participacoes by 2.8% in the first quarter. Sequoia Financial Advisors LLC now owns 64,807 shares of the oil and gas company’s stock worth $357,000 after buying an additional 1,784 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake in Ultrapar Participacoes by 45.0% in the first quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 1,982 shares during the last quarter. Hsbc Holdings PLC boosted its position in Ultrapar Participacoes by 0.7% during the first quarter. Hsbc Holdings PLC now owns 450,668 shares of the oil and gas company’s stock valued at $2,483,000 after buying an additional 3,050 shares during the period. Franklin Resources Inc. boosted its position in Ultrapar Participacoes by 32.3% during the fourth quarter. Franklin Resources Inc. now owns 19,210 shares of the oil and gas company’s stock valued at $72,000 after buying an additional 4,688 shares during the period. Finally, Sei Investments Co. grew its stake in shares of Ultrapar Participacoes by 6.0% during the first quarter. Sei Investments Co. now owns 84,176 shares of the oil and gas company’s stock valued at $464,000 after buying an additional 4,779 shares during the last quarter. 3.58% of the stock is currently owned by institutional investors.

Ultrapar Participacoes Trading Up 0.1%

Shares of Ultrapar Participacoes stock opened at $6.17 on Monday. The company’s 50-day moving average price is $5.64 and its 200-day moving average price is $5.48. The company has a current ratio of 1.67, a quick ratio of 1.30 and a debt-to-equity ratio of 0.89. Ultrapar Participacoes has a 12-month low of $3.11 and a 12-month high of $6.59. 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.

Ultrapar Participacoes Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, September 14th. Investors of record on Wednesday, August 26th will be paid a $0.1932 dividend. This represents a yield of 634.0%. The ex-dividend date of this dividend is Wednesday, August 26th. Ultrapar Participacoes’s dividend payout ratio is currently 42.00%.

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.