Ultrapar Participações (NYSE:UGP) Downgraded to “Hold” at StockNews.com

StockNews.com cut shares of Ultrapar Participações (NYSE:UGPGet Rating) from a buy rating to a hold rating in a report released on Wednesday morning.

Other analysts have also issued reports about the stock. TheStreet raised shares of Ultrapar Participações from a c rating to a b- rating in a research report on Monday, April 4th. Zacks Investment Research lowered shares of Ultrapar Participações from a buy rating to a hold rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, Ultrapar Participações presently has an average rating of Hold and an average price target of $2.92.

UGP stock opened at $2.67 on Wednesday. The company has a current ratio of 1.98, a quick ratio of 1.67 and a debt-to-equity ratio of 1.40. Ultrapar Participações has a one year low of $2.18 and a one year high of $4.34. The firm has a market capitalization of $3.58 billion, a PE ratio of 20.54, a P/E/G ratio of 0.75 and a beta of 1.12. The firm has a 50-day moving average of $2.89 and a two-hundred day moving average of $2.68.

Ultrapar Participações (NYSE:UGPGet Rating) last posted its quarterly earnings data on Wednesday, February 23rd. The oil and gas company reported $0.05 EPS for the quarter. Ultrapar Participações had a net margin of 0.71% and a return on equity of 10.89%. The company had revenue of $6.17 billion during the quarter. On average, equities research analysts anticipate that Ultrapar Participações will post 0.18 earnings per share for the current year.

The company also recently disclosed a Semi-Annual dividend, which was paid on Monday, March 21st. Investors of record on Monday, March 7th were issued a $0.03 dividend. The ex-dividend date of this dividend was Friday, March 4th. This represents a yield of 2.2%. Ultrapar Participações’s dividend payout ratio is currently 46.16%.

Large investors have recently added to or reduced their stakes in the stock. Counterpoint Mutual Funds LLC acquired a new position in Ultrapar Participações in the fourth quarter worth approximately $26,000. Marshall Wace LLP acquired a new position in Ultrapar Participações in the first quarter worth approximately $121,000. Inspire Investing LLC acquired a new position in Ultrapar Participações during the first quarter valued at approximately $35,000. Inspire Advisors LLC acquired a new position in Ultrapar Participações during the first quarter valued at approximately $37,000. Finally, Envestnet Asset Management Inc. acquired a new position in Ultrapar Participações during the fourth quarter valued at approximately $34,000. Hedge funds and other institutional investors own 6.75% of the company’s stock.

About Ultrapar Participações (Get Rating)

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. Its Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers primarily in the South, Southeast, and Northeast regions of Brazil.

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