Ultrapar Participações (NYSE:UGP) Shares Down 2.1% – Should You Sell?

Ultrapar Participações S.A. (NYSE:UGP) dropped 2.1% on Monday . The company traded as low as $3.10 and last traded at $3.11. Approximately 156,289 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 1,529,684 shares. The stock had previously closed at $3.17.

Analyst Ratings Changes

UGP has been the topic of several research analyst reports. Scotiabank raised Ultrapar Participações to a “hold” rating in a report on Friday, December 27th. HSBC raised shares of Ultrapar Participações from a “hold” rating to a “buy” rating in a report on Friday, January 17th. The Goldman Sachs Group upgraded shares of Ultrapar Participações from a “neutral” rating to a “buy” rating and dropped their target price for the company from $4.10 to $3.20 in a research report on Friday, January 31st. Hsbc Global Res raised shares of Ultrapar Participações from a “hold” rating to a “strong-buy” rating in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. raised shares of Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research note on Tuesday, January 7th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $3.20.

Ultrapar Participações Trading Up 1.9 %

The stock has a market capitalization of $3.52 billion, a PE ratio of 6.87, a P/E/G ratio of 2.39 and a beta of 1.42. The company’s 50 day moving average price is $2.88 and its two-hundred day moving average price is $3.19. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.57 and a quick ratio of 1.11.

Ultrapar Participações Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Monday, March 24th. Shareholders of record on Monday, March 10th were paid a dividend of $0.0774 per share. This represents a yield of 3.8%. The ex-dividend date of this dividend was Monday, March 10th. Ultrapar Participações’s dividend payout ratio (DPR) is currently 33.33%.

Institutional Trading of Ultrapar Participações

Hedge funds and other institutional investors have recently modified their holdings of the stock. Mercer Global Advisors Inc. ADV acquired a new position in shares of Ultrapar Participações during the 4th quarter valued at about $29,000. Franklin Resources Inc. acquired a new position in Ultrapar Participações in the 4th quarter valued at about $31,000. Wolverine Trading LLC purchased a new stake in shares of Ultrapar Participações in the 4th quarter valued at approximately $35,000. Freedom Investment Management Inc. acquired a new stake in shares of Ultrapar Participações during the 3rd quarter worth approximately $48,000. Finally, Signaturefd LLC raised its position in shares of Ultrapar Participações by 23.0% during the 4th quarter. Signaturefd LLC now owns 19,705 shares of the oil and gas company’s stock valued at $52,000 after buying an additional 3,688 shares during the period. 3.58% of the stock is owned by institutional investors and hedge funds.

Ultrapar Participações Company Profile

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.