Ultrapar Participacoes (NYSE:UGP) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Ultrapar Participacoes S.A. (NYSE:UGP) shares crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $6.11 and traded as high as $8.15. Ultrapar Participacoes shares last traded at $7.8960, with a volume of 1,839,848 shares traded.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Scotiabank cut shares of Ultrapar Participacoes from a “sector outperform” rating to a “hold” rating in a research report on Thursday, September 17th. UBS Group increased their price target on Ultrapar Participacoes from $7.20 to $7.90 and gave the company a “buy” rating in a research note on Friday, September 4th. Weiss Ratings lowered Ultrapar Participacoes from a “buy (b)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. The Goldman Sachs Group decreased their price objective 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. Finally, Bank of America raised Ultrapar Participacoes from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $6.80 to $7.40 in a research note on Wednesday, July 8th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.54.

Ultrapar Participacoes Price Performance

The company has a current ratio of 1.64, a quick ratio of 1.26 and a debt-to-equity ratio of 0.74. The firm has a market cap of $8.76 billion, a P/E ratio of 12.88, a PEG ratio of 0.44 and a beta of 0.71. The company has a fifty day moving average price of $7.06 and a two-hundred day moving average price of $6.13.

Ultrapar Participacoes (NYSE:UGP) last posted its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. Ultrapar Participacoes had a net margin of 2.28% and a return on equity of 18.84%. The business had revenue of $8 billion for the quarter, compared to analysts’ expectations of $8.18 billion. Equities analysts anticipate that Ultrapar Participacoes S.A. will post 0.84 earnings per share for the current year.

Ultrapar Participacoes Announces Dividend

The firm also recently declared a dividend, which was paid on Monday, September 14th. Shareholders of record on Wednesday, August 26th were given a dividend of $0.1932 per share. This represents a yield of 599.0%. The ex-dividend date of this dividend was Wednesday, August 26th. Ultrapar Participacoes’s payout ratio is 50.82%.

Insiders Place Their Bets

In other news, insider Pedro Guedes Rabelo sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 10th. The stock was sold at an average price of $7.58, for a total value of $227,400.00. Following the completion of the sale, the insider directly owned 57,898 shares of the company’s stock, valued at $438,866.84. This trade represents a 34.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Decio De Sampaio Amaral sold 8,000 shares of Ultrapar Participacoes stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of $6.93, for a total value of $55,440.00. Following the transaction, the chief executive officer owned 151,432 shares of the company’s stock, valued at $1,049,423.76. This represents a 5.02% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 77,785 shares of company stock valued at $587,312 over the last 90 days. 1.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Ultrapar Participacoes

A number of large investors have recently added to or reduced their stakes in UGP. Plan A Wealth LLC increased its position in shares of Ultrapar Participacoes by 24.3% in the third quarter. Plan A Wealth LLC now owns 15,620 shares of the oil and gas company’s stock worth $114,000 after purchasing an additional 3,050 shares during the period. Engineers Gate Manager LP lifted its position in shares of Ultrapar Participacoes by 419.7% during the 2nd quarter. Engineers Gate Manager LP now owns 257,957 shares of the oil and gas company’s stock worth $1,295,000 after buying an additional 208,319 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new stake in Ultrapar Participacoes in the second quarter valued at about $212,000. Nykredit A S acquired a new stake in Ultrapar Participacoes in the second quarter valued at about $93,000. Finally, Allianz Asset Management GmbH acquired a new stake in Ultrapar Participacoes in the second quarter valued at about $6,704,000. Institutional investors own 3.58% of the company’s stock.

About Ultrapar Participacoes

Ultrapar Participações SA is a Brazilian holding company with operations focused on energy, fuel distribution and logistics. Through its businesses, the company supplies fuels, liquefied petroleum gas (LPG) and related services to consumers, commercial customers and industrial clients.

Its principal businesses include Ipiranga, one of Brazil’s major fuel distribution companies, and Ultragaz, which distributes LPG for residential, commercial and industrial use. Ultrapar also owns Ultracargo, a provider of storage and handling services for liquid bulk products, including fuels, chemicals and other industrial materials.

Ultrapar’s operations are concentrated primarily in Brazil, with activities supported by distribution networks, terminals and storage infrastructure across key regions of the country.