Ultrapar Participacoes SA (NYSE:UGP) has been given an average recommendation of “Hold” by the nine brokerages that are covering the stock, MarketBeat Ratings reports. Four analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company.

Several analysts have recently issued reports on UGP shares. Santander upgraded Ultrapar Participacoes from a “hold” rating to a “buy” rating in a research note on Thursday, August 2nd. Goldman Sachs Group upgraded Ultrapar Participacoes from a “neutral” rating to a “buy” rating in a research note on Thursday. Citigroup upgraded Ultrapar Participacoes from a “neutral” rating to a “buy” rating in a research note on Monday, June 11th. HSBC upgraded Ultrapar Participacoes from a “hold” rating to a “buy” rating in a research note on Thursday, May 31st. Finally, UBS Group cut Ultrapar Participacoes from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 9th.

A number of institutional investors have recently bought and sold shares of the business. Northern Trust Corp raised its stake in Ultrapar Participacoes by 0.6% in the first quarter. Northern Trust Corp now owns 693,624 shares of the oil and gas company’s stock valued at $14,997,000 after buying an additional 4,070 shares in the last quarter. UBS Group AG raised its stake in Ultrapar Participacoes by 7.6% in the first quarter. UBS Group AG now owns 80,620 shares of the oil and gas company’s stock valued at $1,743,000 after buying an additional 5,661 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Ultrapar Participacoes by 1.3% in the first quarter. Dimensional Fund Advisors LP now owns 521,371 shares of the oil and gas company’s stock valued at $11,272,000 after buying an additional 6,807 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in Ultrapar Participacoes by 85.5% in the second quarter. Cubist Systematic Strategies LLC now owns 19,403 shares of the oil and gas company’s stock valued at $230,000 after buying an additional 8,941 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in Ultrapar Participacoes by 10.5% in the fourth quarter. Deutsche Bank AG now owns 121,370 shares of the oil and gas company’s stock valued at $2,758,000 after buying an additional 11,536 shares in the last quarter. Institutional investors own 4.55% of the company’s stock.

Shares of NYSE UGP opened at $11.03 on Friday. The firm has a market capitalization of $5.94 billion, a PE ratio of 12.12, a P/E/G ratio of 3.41 and a beta of 1.15. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.81 and a current ratio of 2.27. Ultrapar Participacoes has a 12-month low of $10.41 and a 12-month high of $26.48.

The firm also recently declared a special dividend, which will be paid on Thursday, August 30th. Shareholders of record on Monday, August 13th will be paid a $0.1491 dividend. This represents a yield of 4.54%. The ex-dividend date of this dividend is Friday, August 10th. Ultrapar Participacoes’s dividend payout ratio is presently 32.97%.

Ultrapar Participacoes Company Profile

Ultrapar ParticipaƧƵes 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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Analyst Recommendations for Ultrapar Participacoes (NYSE:UGP)

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