Ultrapar Participacoes (NYSE:UGP) Sets New 52-Week High – Here’s What Happened

Ultrapar Participacoes S.A. (NYSE:UGP)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $4.99 and last traded at $4.9950, with a volume of 7505 shares changing hands. The stock had previously closed at $4.84.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Ultrapar Participacoes from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, January 26th. Two analysts have rated the stock with a Strong Buy rating and two have given a Buy rating to the stock. According to data from MarketBeat.com, Ultrapar Participacoes has a consensus rating of “Strong Buy” and an average price target of $4.50.

Ultrapar Participacoes Trading Up 3.4%

The stock’s 50 day moving average is $4.06 and its 200-day moving average is $3.82. The company has a quick ratio of 1.40, a current ratio of 1.83 and a debt-to-equity ratio of 0.83. The company has a market cap of $5.58 billion, a PE ratio of 10.65, a P/E/G ratio of 1.87 and a beta of 0.84.

Ultrapar Participacoes Dividend Announcement

The business also recently declared 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 Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UGP. Inspire Investing LLC raised its holdings in shares of Ultrapar Participacoes by 14.2% in the third quarter. Inspire Investing LLC now owns 21,133 shares of the oil and gas company’s stock valued at $87,000 after acquiring an additional 2,632 shares in the last quarter. Plan A Wealth LLC boosted its stake in shares of Ultrapar Participacoes by 32.4% during the third quarter. Plan A Wealth LLC now owns 14,056 shares of the oil and gas company’s stock valued at $58,000 after purchasing an additional 3,438 shares in the last quarter. Blue Trust Inc. increased its holdings in Ultrapar Participacoes by 27.6% during the second quarter. Blue Trust Inc. now owns 16,425 shares of the oil and gas company’s stock valued at $54,000 after buying an additional 3,554 shares during the period. PNC Financial Services Group Inc. increased its holdings in Ultrapar Participacoes by 5.5% during the third quarter. PNC Financial Services Group Inc. now owns 75,215 shares of the oil and gas company’s stock valued at $308,000 after buying an additional 3,952 shares during the period. Finally, Signaturefd LLC boosted its position in Ultrapar Participacoes by 17.7% during the 4th quarter. Signaturefd LLC now owns 33,774 shares of the oil and gas company’s stock valued at $127,000 after acquiring an additional 5,082 shares in the last quarter. Institutional investors own 3.58% of the company’s stock.

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.