Ultrapar Participações (NYSE:UGP) Stock Price Down 2.7%

Ultrapar Participações S.A. (NYSE:UGP) shares dropped 2.7% on Friday . The company traded as low as $3.92 and last traded at $3.92. Approximately 70,070 shares traded hands during trading, a decline of 95% from the average daily volume of 1,384,072 shares. The stock had previously closed at $4.03.

Wall Street Analysts Forecast Growth

UGP has been the subject of several research reports. Citigroup upgraded shares of Ultrapar Participações from a “neutral” rating to a “buy” rating in a report on Friday, June 14th. Itau BBA Securities cut Ultrapar Participações from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 2nd. StockNews.com lowered Ultrapar Participações from a “strong-buy” rating to a “buy” rating in a research note on Friday, May 10th. Finally, The Goldman Sachs Group raised their target price on Ultrapar Participações from $5.30 to $6.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Ultrapar Participações has a consensus rating of “Hold” and a consensus price target of $4.65.

Ultrapar Participações Trading Down 3.0 %

The stock has a market cap of $4.36 billion, a PE ratio of 8.15, a price-to-earnings-growth ratio of 3.06 and a beta of 1.63. The company’s 50-day moving average price is $4.59 and its 200 day moving average price is $5.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.23 and a current ratio of 1.68.

Ultrapar Participações (NYSE:UGP) last released its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported $0.08 EPS for the quarter. The company had revenue of $6.14 billion for the quarter. Ultrapar Participações had a return on equity of 19.30% and a net margin of 2.07%. On average, sell-side analysts forecast that Ultrapar Participações S.A. will post 0.32 EPS for the current fiscal year.

Institutional Investors Weigh In On Ultrapar Participações

Several institutional investors have recently modified their holdings of UGP. Hsbc Holdings PLC lifted its position in shares of Ultrapar Participações by 13.2% during the 3rd quarter. Hsbc Holdings PLC now owns 498,079 shares of the oil and gas company’s stock worth $1,828,000 after buying an additional 57,915 shares during the last quarter. Acadian Asset Management LLC purchased a new position in Ultrapar Participações during the 3rd quarter valued at about $206,000. O Shaughnessy Asset Management LLC grew its holdings in Ultrapar Participações by 211.7% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 94,645 shares of the oil and gas company’s stock valued at $347,000 after buying an additional 64,282 shares during the last quarter. Alpine Global Management LLC purchased a new position in Ultrapar Participações during the third quarter worth $336,000. Finally, American Century Companies Inc. boosted its stake in shares of Ultrapar Participações by 8.2% during the 3rd quarter. American Century Companies Inc. now owns 1,382,989 shares of the oil and gas company’s stock worth $5,076,000 after purchasing an additional 104,754 shares during the last quarter. 3.58% of the stock is owned by hedge funds and other institutional investors.

Ultrapar Participações Company Profile

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.