Ultrapar Participações (NYSE:UGP) Rating Lowered to Hold at StockNews.com

Ultrapar Participações (NYSE:UGP – Get Rating) was downgraded by stock analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

Ultrapar Participações Trading Down 1.6 %

Shares of NYSE:UGP opened at $2.46 on Thursday. The company has a market capitalization of $3.30 billion, a P/E ratio of 10.70, a P/E/G ratio of 0.44 and a beta of 1.22. Ultrapar Participações has a 1 year low of $2.13 and a 1 year high of $3.21. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.53 and a quick ratio of 1.14. The business’s 50 day simple moving average is $2.47 and its 200 day simple moving average is $2.50.

Ultrapar Participações (NYSE:UGP – Get Rating) last issued its quarterly earnings results on Thursday, November 10th. The oil and gas company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $7.50 billion for the quarter. Ultrapar Participações had a return on equity of 9.03% and a net margin of 0.96%. On average, research analysts anticipate that Ultrapar Participações will post 0.18 EPS for the current fiscal year.

Institutional Investors Weigh In On Ultrapar Participações

A number of large investors have recently modified their holdings of UGP. Virtu Financial LLC acquired a new stake in shares of Ultrapar Participações in the 3rd quarter valued at $31,000. Veriti Management LLC acquired a new stake in shares of Ultrapar Participações in the 3rd quarter valued at $34,000. SG Americas Securities LLC acquired a new stake in shares of Ultrapar Participações in the 3rd quarter valued at $37,000. Jane Street Group LLC acquired a new stake in shares of Ultrapar Participações in the 1st quarter valued at $42,000. Finally, Royal Bank of Canada boosted its holdings in shares of Ultrapar Participações by 152.9% in the 3rd quarter. Royal Bank of Canada now owns 21,468 shares of the oil and gas company’s stock valued at $47,000 after purchasing an additional 12,979 shares in the last quarter. Institutional investors and hedge funds own 2.98% of the company’s stock.

About Ultrapar Participações

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Ultrapar Participaçoes SA engages in the distribution and retail services including, fuel, liquefied petroleum gas (LPG), retail pharmacy, specialty chemicals and liquid bulk storage businesses. It operates through the following segments: Ultragaz, Ipiranga, Oxiteno, Ultracargo, Extrafarma and Others.