Ultrapar Participacoes (NYSE:UGP) Issues Quarterly Earnings Results

Ultrapar Participacoes (NYSE:UGP) issued its quarterly earnings results on Wednesday. The oil and gas company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.28 by $0.18, FiscalAI reports. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%.

Ultrapar Participacoes Stock Up 0.8%

Shares of NYSE UGP opened at $5.43 on Thursday. The business has a 50-day moving average of $7.11 and a two-hundred day moving average of $5.96. The company has a market capitalization of $6.06 billion, a price-to-earnings ratio of 8.91, a price-to-earnings-growth ratio of 0.31 and a beta of 0.85. Ultrapar Participacoes has a 1 year low of $3.60 and a 1 year high of $8.28. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.64 and a quick ratio of 1.26.

Insider Activity

In other news, CFO Andre Saleme Hachem sold 39,200 shares of the stock in a transaction dated Tuesday, September 22nd. The stock was sold at an average price of $7.67, for a total value of $300,664.00. Following the transaction, the chief financial officer owned 25,675 shares in the company, valued at approximately $196,927.25. This represents a 60.42% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Pedro Guedes Rabelo sold 30,000 shares of the firm’s stock in a transaction dated Thursday, September 10th. The stock was sold at an average price of $7.58, for a total value of $227,400.00. Following the sale, the insider directly owned 57,898 shares in the company, valued at $438,866.84. This trade represents a 34.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 77,785 shares of company stock worth $587,312. 1.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on UGP shares. Weiss Ratings cut Ultrapar Participacoes from a “buy (b)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. UBS Group lifted their target price on Ultrapar Participacoes from $7.20 to $7.90 and gave the company a “buy” rating in a report on Friday, September 4th. The Goldman Sachs Group lowered their target price on Ultrapar Participacoes from $6.50 to $5.80 and set a “neutral” rating for the company in a research note on Wednesday, August 26th. Scotiabank downgraded Ultrapar Participacoes from a “sector outperform” rating to a “hold” rating in a report on Thursday, September 17th. Finally, Zacks Research upgraded Ultrapar Participacoes from a “hold” rating to a “strong-buy” rating in a report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.54.

About Ultrapar Participacoes

Ultrapar Participações S.A. is a Brazilian holding company with businesses focused on fuel distribution, liquefied petroleum gas (LPG) and bulk liquid storage. Its operations serve customers across Brazil, including consumers, businesses and industrial clients. The company’s main businesses include Ipiranga, which distributes and markets fuels and related products, and Ultragaz, a supplier of LPG for residential, commercial and industrial use. Through Ultracargo, Ultrapar also provides storage and handling services for bulk liquids, including fuels and chemicals.