Ultrapar Participacoes (NYSE:UGP) Sets New 52-Week High – What’s Next?

Ultrapar Participacoes S.A. (NYSE:UGP) hit a new 52-week high on Monday . The stock traded as high as $5.16 and last traded at $5.1550, with a volume of 257157 shares changing hands. The stock had previously closed at $5.09.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. The Goldman Sachs Group cut Ultrapar Participacoes from a “buy” rating to a “neutral” rating and set a $5.40 price target on the stock. in a research report on Thursday, February 5th. Weiss Ratings upgraded shares of Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Two equities research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Ultrapar Participacoes currently has an average rating of “Buy” and a consensus price target of $5.40.

Ultrapar Participacoes Trading Down 0.6%

The firm has a 50-day moving average of $4.18 and a two-hundred day moving average of $3.91. The firm has a market capitalization of $5.72 billion, a P/E ratio of 10.92, a P/E/G ratio of 2.02 and a beta of 0.84. The company has a current ratio of 1.83, a quick ratio of 1.40 and a debt-to-equity ratio of 0.83.

Ultrapar Participacoes Announces Dividend

The business also recently declared a special dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were issued a dividend of $0.1876 per share. The ex-dividend date of this dividend was Friday, December 12th. Ultrapar Participacoes’s payout ratio is 59.57%.

Hedge Funds Weigh In On Ultrapar Participacoes

Several institutional investors and hedge funds have recently added to or reduced their stakes in UGP. SG Americas Securities LLC bought a new stake in shares of Ultrapar Participacoes during the fourth quarter worth $44,000. Quadrature Capital Ltd acquired a new stake in shares of Ultrapar Participacoes during the 2nd quarter valued at $45,000. Wealthstream Advisors Inc. acquired a new stake in shares of Ultrapar Participacoes during the 2nd quarter valued at $46,000. Plan A Wealth LLC grew its position in Ultrapar Participacoes by 32.4% during the 3rd quarter. Plan A Wealth LLC now owns 14,056 shares of the oil and gas company’s stock worth $58,000 after acquiring an additional 3,438 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. acquired a new position in Ultrapar Participacoes in the 4th quarter worth about $58,000. Institutional investors own 3.58% of the company’s stock.

Ultrapar Participacoes Company Profile

Ultrapar Participações SA is a Brazilian diversified holding company operating in the downstream energy and chemical sectors. Its Ipiranga unit runs one of Brazil’s largest networks of fuel stations, supplying gasoline, ethanol, diesel and convenience-store products to retail and wholesale customers. Through Ultragaz, the company is a leading distributor of liquefied petroleum gas (LPG), offering cylinder and bulk gas solutions for residential, commercial and industrial use across urban and rural regions.

In the specialty chemicals arena, Ultrapar controls Oxiteno, which produces surfactants and specialty chemical formulations for industries such as personal care, oil and gas, agrochemicals and coatings.