Ultrapar Participacoes SA (UGP) Given Average Rating of “Hold” by Analysts
Ultrapar Participacoes SA (NYSE:UGP) has received an average rating of “Hold” from the nine brokerages that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $18.00.
A number of research firms recently issued reports on UGP. Zacks Investment Research raised Ultrapar Participacoes from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a report on Saturday, February 2nd. ValuEngine lowered Ultrapar Participacoes from a “hold” rating to a “sell” rating in a research report on Thursday, February 7th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Ultrapar Participacoes in a research report on Friday, March 22nd.
Several large investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its position in shares of Ultrapar Participacoes by 31,125.3% in the 4th quarter. Bank of America Corp DE now owns 1,559,077 shares of the oil and gas company’s stock valued at $21,110,000 after purchasing an additional 1,554,084 shares during the period. Morgan Stanley boosted its position in shares of Ultrapar Participacoes by 49.9% in the 3rd quarter. Morgan Stanley now owns 1,118,871 shares of the oil and gas company’s stock valued at $10,360,000 after purchasing an additional 372,429 shares during the period. Pendal Group Ltd acquired a new position in shares of Ultrapar Participacoes in the 4th quarter valued at $11,163,000. Dimensional Fund Advisors LP boosted its position in shares of Ultrapar Participacoes by 16.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 626,612 shares of the oil and gas company’s stock valued at $8,485,000 after purchasing an additional 88,098 shares during the period. Finally, Millennium Management LLC boosted its position in shares of Ultrapar Participacoes by 5.0% in the 4th quarter. Millennium Management LLC now owns 508,197 shares of the oil and gas company’s stock valued at $6,881,000 after purchasing an additional 24,098 shares during the period. Institutional investors and hedge funds own 4.32% of the company’s stock.
Ultrapar Participacoes (NYSE:UGP) last released its earnings results on Wednesday, February 20th. The oil and gas company reported $0.25 earnings per share (EPS) for the quarter. The firm had revenue of $6.16 billion for the quarter, compared to analyst estimates of $6.61 billion. Ultrapar Participacoes had a return on equity of 11.47% and a net margin of 1.23%. Sell-side analysts anticipate that Ultrapar Participacoes will post 0.7 earnings per share for the current fiscal year.
The business also recently declared a semiannual dividend, which was paid on Monday, March 25th. Investors of record on Monday, March 4th were given a $0.1858 dividend. The ex-dividend date of this dividend was Friday, March 1st. This represents a dividend yield of 2.58%. Ultrapar Participacoes’s dividend payout ratio (DPR) is 60.71%.
Ultrapar Participacoes Company Profile
Ultrapar Participações SA engages in gas distribution, fuel distribution, chemicals, storage, and drugstores businesses in Brazil, Mexico, United Stated, Uruguay, and Venezuela. The company's Gas Distribution segment distributes liquefied petroleum gas to residential, commercial, and industrial consumers, as well as independent dealers, primarily in the South, Southeast, and Northeast regions of Brazil.
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