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

Ultrapar Participacoes S.A. (NYSE:UGP) has received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $6.54.

Several research analysts recently issued reports on UGP shares. Weiss Ratings upgraded shares of Ultrapar Participacoes from a “buy (b-)” rating to a “buy (b)” rating in a research note on Monday, September 21st. Bank of America upgraded shares of Ultrapar Participacoes from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $6.80 to $7.40 in a report on Wednesday, July 8th. The Goldman Sachs Group decreased their target price on shares of Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating for the company in a research note on Wednesday, August 26th. UBS Group lifted their target price on shares of Ultrapar Participacoes from $7.20 to $7.90 and gave the company a “buy” rating in a report on Friday, September 4th. Finally, Scotiabank cut Ultrapar Participacoes from a “sector outperform” rating to a “hold” rating in a research report on Thursday, September 17th.

Insider Buying and Selling at Ultrapar Participacoes

In other news, CFO Andre Saleme Hachem sold 39,200 shares of the stock in a transaction on Tuesday, September 22nd. The stock was sold at an average price of $7.67, for a total value of $300,664.00. Following the sale, the chief financial officer directly owned 25,675 shares of the company’s stock, valued at approximately $196,927.25. This represents a 60.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Decio De Sampaio Amaral sold 8,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $6.93, for a total value 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. This represents a 5.02% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 77,785 shares of company stock worth $587,312. 1.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Ultrapar Participacoes

A number of hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC increased its stake in Ultrapar Participacoes by 45.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company’s stock valued at $35,000 after purchasing an additional 1,982 shares in the last quarter. R Squared Ltd bought a new position in shares of Ultrapar Participacoes in the first quarter worth approximately $55,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Ultrapar Participacoes during the fourth quarter valued at approximately $57,000. Greenspring Advisors LLC purchased a new stake in shares of Ultrapar Participacoes during the fourth quarter valued at approximately $59,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Ultrapar Participacoes during the first quarter valued at approximately $62,000. Institutional investors own 3.58% of the company’s stock.

Ultrapar Participacoes Price Performance

Shares of UGP stock opened at $7.34 on Tuesday. The business’s fifty day moving average is $6.84 and its 200 day moving average is $5.98. The company has a quick ratio of 1.26, a current ratio of 1.64 and a debt-to-equity ratio of 0.74. The stock has a market cap of $8.19 billion, a price-to-earnings ratio of 12.04, a PEG ratio of 0.41 and a beta of 0.71. Ultrapar Participacoes has a twelve month low of $3.60 and a twelve month high of $7.78.

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, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $8 billion during the quarter, compared to analyst estimates of $8.18 billion. Ultrapar Participacoes had a return on equity of 18.84% and a net margin of 2.28%. Research analysts expect that Ultrapar Participacoes will post 0.84 EPS for the current fiscal year.

Ultrapar Participacoes Announces Dividend

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

Ultrapar Participacoes Company Profile

Ultrapar Participações SA is a Brazilian holding company with operations focused on energy, fuel distribution and logistics. Through its businesses, the company supplies fuels, liquefied petroleum gas (LPG) and related services to consumers, commercial customers and industrial clients.

Its principal businesses include Ipiranga, one of Brazil’s major fuel distribution companies, and Ultragaz, which distributes LPG for residential, commercial and industrial use. Ultrapar also owns Ultracargo, a provider of storage and handling services for liquid bulk products, including fuels, chemicals and other industrial materials.

Ultrapar’s operations are concentrated primarily in Brazil, with activities supported by distribution networks, terminals and storage infrastructure across key regions of the country.