Key Points
- Insider sale: Pedro Guedes Rabelo sold 30,000 Ultrapar shares for approximately $227,400, reducing his ownership by 34.13% to 57,898 shares.
- Quarterly performance: Ultrapar reported earnings of $0.28 per share, slightly exceeding estimates, while quarterly revenue of $8 billion came in below expectations.
- Analyst outlook: The stock has a consensus “Moderate Buy” rating, although its average target price of $6.54 is below the reported trading price of $7.44.
Ultrapar Participacoes S.A. (NYSE:UGP - Get Free Report) insider Pedro Guedes Rabelo sold 30,000 shares of the business's stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $7.58, for a total value of $227,400.00. Following the transaction, the insider owned 57,898 shares in the company, valued at $438,866.84. This represents a 34.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Ultrapar Participacoes Trading Down 0.1%
Ultrapar Participacoes stock opened at $7.44 on Tuesday. The business has a 50 day moving average price of $6.48 and a two-hundred day moving average price of $5.76. The company has a quick ratio of 1.26, a current ratio of 1.64 and a debt-to-equity ratio of 0.74. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 0.42 and a beta of 0.73. Ultrapar Participacoes S.A. has a 12 month low of $3.60 and a 12 month high of $7.63.
Ultrapar Participacoes (NYSE:UGP - Get Free Report) last announced its quarterly earnings data on Wednesday, August 12th. The oil and gas company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.01. The company had revenue of $8 billion for the quarter, compared to analyst estimates of $8.18 billion. Ultrapar Participacoes had a return on equity of 18.84% and a net margin of 2.28%. As a group, equities analysts forecast that Ultrapar Participacoes S.A. will post 0.84 EPS for the current year.
Ultrapar Participacoes Announces Dividend
The firm also recently declared a dividend, which was paid on Monday, September 14th. Shareholders of record on Wednesday, August 26th were paid a dividend of $0.1932 per share. The ex-dividend date was Wednesday, August 26th. This represents a yield of 599.0%. Ultrapar Participacoes's payout ratio is currently 50.82%.
Wall Street Analysts Forecast Growth
UGP has been the topic of several analyst reports. The Goldman Sachs Group lowered their price target on shares of Ultrapar Participacoes from $6.50 to $5.80 and set a "neutral" rating on the stock in a report on Wednesday, August 26th. Weiss Ratings raised shares of Ultrapar Participacoes from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 14th. UBS Group lifted their target price on shares of Ultrapar Participacoes from $7.20 to $7.90 and gave the company a "buy" rating in a research report on Friday, September 4th. Finally, Bank of America raised shares of Ultrapar Participacoes from a "neutral" rating to a "buy" rating and upped their target price for the company from $6.80 to $7.40 in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Ultrapar Participacoes presently has a consensus rating of "Moderate Buy" and an average target price of $6.54.
Read Our Latest Analysis on Ultrapar Participacoes
Institutional Trading of Ultrapar Participacoes
Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC boosted its stake in shares of Ultrapar Participacoes by 45.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 6,383 shares of the oil and gas company's stock valued at $35,000 after purchasing an additional 1,982 shares in the last quarter. R Squared Ltd acquired a new stake in shares of Ultrapar Participacoes during the 1st quarter worth about $55,000. Allspring Global Investments Holdings LLC bought a new position in Ultrapar Participacoes during the 1st quarter valued at about $62,000. Royal Bank of Canada increased its holdings in shares of Ultrapar Participacoes by 165.5% during the first quarter. Royal Bank of Canada now owns 12,390 shares of the oil and gas company's stock worth $68,000 after buying an additional 7,724 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Ultrapar Participacoes in the 4th quarter worth approximately $57,000. 3.58% of the stock is currently owned by institutional investors.
Ultrapar Participacoes Company Profile
(
Get Free Report)
Ultrapar Participações SA is a Brazilian holding company with operations focused on fuel distribution, liquefied petroleum gas and bulk liquid storage. The company traces its origins to 1937, when it was established as Companhia Brasileira de Gás a Domicílio, the predecessor of Ultragaz. Ultrapar's American depositary shares trade on the New York Stock Exchange under the symbol UGP.
Its principal businesses include Ipiranga, a fuel distribution company that supplies gasoline, ethanol, diesel and other fuels through a nationwide network of service stations.
Further Reading
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