Ultrapar Participacoes (NYSE:UGP) Sets New 1-Year High – Here’s Why

Ultrapar Participacoes S.A. (NYSE:UGP) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $5.44 and last traded at $5.4730, with a volume of 261754 shares trading hands. The stock had previously closed at $5.41.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on UGP shares. Jefferies Financial Group raised shares of Ultrapar Participacoes from an “underperform” rating to a “hold” rating and lifted their price objective for the company from $3.10 to $5.60 in a research note on Friday, March 13th. The Goldman Sachs Group downgraded shares of Ultrapar Participacoes from a “buy” rating to a “neutral” rating and set a $5.40 target price on the stock. in a research report on Thursday, February 5th. Wall Street Zen lowered Ultrapar Participacoes from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Finally, Weiss Ratings cut Ultrapar Participacoes from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, March 11th. Two equities research analysts have rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.50.

Ultrapar Participacoes Stock Performance

The company has a market cap of $5.97 billion, a P/E ratio of 13.39, a price-to-earnings-growth ratio of 1.73 and a beta of 0.85. The company has a quick ratio of 1.26, a current ratio of 1.62 and a debt-to-equity ratio of 0.97. The stock’s 50-day moving average price is $5.00 and its 200 day moving average price is $4.31.

Ultrapar Participacoes (NYSE:UGP) last posted its quarterly earnings data on Saturday, February 14th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. Ultrapar Participacoes had a net margin of 1.72% and a return on equity of 14.11%. The business had revenue of $6.19 billion during the quarter. As a group, research analysts expect that Ultrapar Participacoes S.A. will post 0.3 EPS for the current fiscal year.

Institutional Trading of Ultrapar Participacoes

Hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd acquired a new stake in Ultrapar Participacoes in the 4th quarter valued at approximately $32,000. SG Americas Securities LLC acquired a new stake in shares of Ultrapar Participacoes in the fourth quarter worth $44,000. GeoWealth Management LLC bought a new position in Ultrapar Participacoes during the fourth quarter worth $44,000. EP Wealth Advisors LLC bought a new position in Ultrapar Participacoes during the fourth quarter worth $45,000. Finally, Boothbay Fund Management LLC acquired a new position in Ultrapar Participacoes during the 4th quarter valued at $47,000. Institutional investors own 3.58% of the company’s stock.

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.