Ultrapar Participacoes (NYSE:UGP) Stock Passes Above 200 Day Moving Average – Here’s Why

Ultrapar Participacoes S.A. (NYSE:UGP)’s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.97 and traded as high as $5.14. Ultrapar Participacoes shares last traded at $5.1350, with a volume of 2,793,978 shares.

Analysts Set New Price Targets

Several brokerages have recently issued reports on UGP. Weiss Ratings cut shares of Ultrapar Participacoes from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 10th. The Goldman Sachs Group cut shares of Ultrapar Participacoes from a “buy” rating to a “neutral” rating and set a $5.40 target price for the company. in a report on Thursday, February 5th. Two equities research analysts have rated the stock with a Strong Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $5.40.

Ultrapar Participacoes Trading Down 0.3%

The company has a current ratio of 1.83, a quick ratio of 1.40 and a debt-to-equity ratio of 0.83. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 10.93, a P/E/G ratio of 2.01 and a beta of 0.84. The company has a fifty day simple moving average of $4.26 and a 200-day simple moving average of $3.97.

Ultrapar Participacoes Dividend Announcement

The company also recently disclosed a special dividend, which was paid on Friday, December 26th. Investors of record on Friday, December 12th were paid a $0.1876 dividend. The ex-dividend date of this dividend was Friday, December 12th. Ultrapar Participacoes’s dividend payout ratio (DPR) is currently 59.57%.

Institutional Trading of Ultrapar Participacoes

Several large investors have recently added to or reduced their stakes in UGP. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Ultrapar Participacoes in the fourth quarter worth $32,000. SG Americas Securities LLC purchased a new stake in Ultrapar Participacoes in the 4th quarter worth about $44,000. Quadrature Capital Ltd acquired a new stake in Ultrapar Participacoes during the 2nd quarter worth about $45,000. Wealthstream Advisors Inc. acquired a new stake in Ultrapar Participacoes during the 2nd quarter worth about $46,000. Finally, Blue Trust Inc. grew its stake in Ultrapar Participacoes by 27.6% during the 2nd quarter. Blue Trust Inc. now owns 16,425 shares of the oil and gas company’s stock valued at $54,000 after acquiring an additional 3,554 shares in the last quarter. 3.58% of the stock is owned by institutional investors and hedge funds.

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.