Ultrapar Participacoes (NYSE:UGP) Reaches New 52-Week High – Should You Buy?

Shares of Ultrapar Participacoes S.A. (NYSE:UGP) reached a new 52-week high on Thursday . The company traded as high as $6.22 and last traded at $6.1950, with a volume of 796636 shares trading hands. The stock had previously closed at $6.08.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on UGP shares. HSBC lowered Ultrapar Participacoes from a “buy” rating to a “hold” rating and upped their price objective for the stock from $4.90 to $6.00 in a research note on Wednesday, April 8th. Wall Street Zen upgraded shares of Ultrapar Participacoes from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 9th. Bank of America upgraded Ultrapar Participacoes from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $6.80 to $7.40 in a report on Wednesday, July 8th. UBS Group lifted their price target on shares of Ultrapar Participacoes from $7.00 to $7.20 and gave the stock a “buy” rating in a research note on Wednesday, June 17th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Ultrapar Participacoes in a report on Monday, June 8th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $6.32.

Ultrapar Participacoes Stock Up 0.1%

The business’s fifty day moving average price is $5.34 and its two-hundred day moving average price is $5.17. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.30 and a current ratio of 1.67. The firm has a market capitalization of $6.97 billion, a P/E ratio of 12.49, a PEG ratio of 0.56 and a beta of 0.71.

Institutional Trading of Ultrapar Participacoes

Institutional investors have recently bought and sold shares of the stock. Sequoia Financial Advisors LLC increased its stake in shares of Ultrapar Participacoes by 2.8% in the first quarter. Sequoia Financial Advisors LLC now owns 64,807 shares of the oil and gas company’s stock worth $357,000 after acquiring an additional 1,784 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Ultrapar Participacoes by 45.0% during the first quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company’s stock worth $35,000 after purchasing an additional 1,982 shares during the last quarter. Hsbc Holdings PLC lifted its position in Ultrapar Participacoes by 0.7% during the first quarter. Hsbc Holdings PLC now owns 450,668 shares of the oil and gas company’s stock valued at $2,483,000 after purchasing an additional 3,050 shares during the period. Franklin Resources Inc. lifted its position in Ultrapar Participacoes by 32.3% during the fourth quarter. Franklin Resources Inc. now owns 19,210 shares of the oil and gas company’s stock valued at $72,000 after purchasing an additional 4,688 shares during the period. Finally, Sei Investments Co. boosted its holdings in Ultrapar Participacoes by 6.0% in the first quarter. Sei Investments Co. now owns 84,176 shares of the oil and gas company’s stock valued at $464,000 after purchasing an additional 4,779 shares during the last quarter. 3.58% of the stock is currently owned by institutional investors and hedge funds.

About Ultrapar Participacoes

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.