Goldman Sachs Group upgraded shares of Ultrapar Participacoes (NYSE:UGP) from a neutral rating to a buy rating in a report released on Thursday, MarketBeat.com reports.

UGP has been the topic of a number of other research reports. Credit Suisse Group downgraded Ultrapar Participacoes from a neutral rating to an underperform rating in a research report on Monday, July 23rd. UBS Group downgraded Ultrapar Participacoes from an outperform rating to a market perform rating in a research report on Wednesday, May 9th. ValuEngine downgraded Ultrapar Participacoes from a sell rating to a strong sell rating in a research report on Thursday, May 3rd. Zacks Investment Research downgraded Ultrapar Participacoes from a hold rating to a sell rating in a research report on Friday, April 20th. Finally, Citigroup downgraded Ultrapar Participacoes from a buy rating to a neutral rating in a research report on Thursday, August 9th. Four analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $25.00.

Shares of UGP stock opened at $11.03 on Thursday. Ultrapar Participacoes has a 1-year low of $10.41 and a 1-year high of $26.48. The stock has a market cap of $5.94 billion, a P/E 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.

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 issued a $0.1491 dividend. This represents a yield of 4.54%. The ex-dividend date is Friday, August 10th. Ultrapar Participacoes’s dividend payout ratio is presently 32.97%.

Hedge funds and other institutional investors have recently modified their holdings of the business. Barclays PLC boosted its holdings in Ultrapar Participacoes by 334,940.0% in the first quarter. Barclays PLC now owns 16,752 shares of the oil and gas company’s stock worth $362,000 after acquiring an additional 16,747 shares in the last quarter. Stevens Capital Management LP acquired a new stake in Ultrapar Participacoes in the second quarter worth about $202,000. Cubist Systematic Strategies LLC boosted its holdings 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 worth $230,000 after acquiring an additional 8,941 shares in the last quarter. Trexquant Investment LP acquired a new stake in Ultrapar Participacoes in the first quarter worth about $447,000. Finally, Millennium Management LLC acquired a new stake in Ultrapar Participacoes in the first quarter worth about $499,000. 4.55% of the stock is owned by institutional investors and hedge funds.

About Ultrapar Participacoes

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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