2 weeks Ago By Defense World Staff
Ultrapar Participações ( NYSE:UGP – Get Free Report ) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday. A number of other research analysts also recently weighed in on UGP.
HSBC upgraded Ultrapar Participações from a “reduce” rating to a “hold” rating in a report on Friday, July 19th. The Goldman Sachs Group reduced their price target on Ultrapar Participações from $5.90 to $5.
20 and set a “neutral” rating on the stock in a research note on Tuesday, July 23rd. Hsbc Global Res raised Ultrapar Participações from a “strong sell” rating to a “hold” rating in a research report on Friday, July 19th. Finally, Citigroup raised shares of Ultrapar Participações from a “neutral” rating to a “buy” rating in a research report on Friday, June 14th.
Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $5.20.
Check Out Our Latest Stock Analysis on Ultrapar Participações Ultrapar Participações Price Performance Ultrapar Participações ( NYSE:UGP – Get Free Report ) last issued its quarterly earnings data on Wednesday, August 7th. The oil and gas company reported $0.08 EPS for the quarter, hitting the consensus estimate of $0.
08. Ultrapar Participações had a net margin of 2.21% and a return on equity of 20.
24%. The business had revenue of $6.21 billion during the quarter.
As a group, equities research analysts forecast that Ultrapar Participações will post 0.34 earnings per share for the current year. Institutional Inflows and Outflows Several hedge funds have recently made changes to their positions in the stock.
Acadian Asset Management LLC increased its position in Ultrapar Participações by 8.4% during the second quarter. Acadian Asset Management LLC now owns 3,764,084 shares of the oil and gas company’s stock valued at $14,713,000 after acquiring an additional 293,036 shares during the last quarter.
Renaissance Technologies LLC grew its stake in shares of Ultrapar Participações by 57.9% during the 2nd quarter. Renaissance Technologies LLC now owns 2,450,300 shares of the oil and gas company’s stock valued at $9,581,000 after purchasing an additional 898,600 shares during the period.
Hennessy Advisors Inc. purchased a new stake in shares of Ultrapar Participações during the 2nd quarter valued at about $5,887,000. Marshall Wace LLP lifted its stake in shares of Ultrapar Participações by 332.
6% in the 2nd quarter. Marshall Wace LLP now owns 1,429,946 shares of the oil and gas company’s stock worth $5,591,000 after purchasing an additional 1,099,433 shares during the period. Finally, Longfellow Investment Management Co.
LLC boosted its holdings in shares of Ultrapar Participações by 27.3% in the second quarter. Longfellow Investment Management Co.
LLC now owns 441,527 shares of the oil and gas company’s stock worth $1,726,000 after buying an additional 94,761 shares during the last quarter. 3.58% of the stock is owned by hedge funds and other institutional investors.
About Ultrapar Participações ( Get Free Report ) 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.
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