Ultrapar Participacoes (NYSE:UGP) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

Ultrapar Participacoes S.A. (NYSE:UGP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.53 and traded as high as $6.02. Ultrapar Participacoes shares last traded at $5.9450, with a volume of 1,890,312 shares.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UGP. Jefferies Financial Group upgraded Ultrapar Participacoes from an “underperform” rating to a “hold” rating and lifted their price objective for the company from $3.10 to $5.60 in a research note on Friday, March 13th. The Goldman Sachs Group cut shares of Ultrapar Participacoes from a “buy” rating to a “neutral” rating and set a $5.40 target price on the stock. in a report on Thursday, February 5th. Weiss Ratings cut shares of Ultrapar Participacoes from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, March 11th. Wall Street Zen downgraded shares of Ultrapar Participacoes from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, HSBC lowered shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating and raised their price objective for the company from $4.90 to $6.00 in a report on Wednesday, April 8th. Two research analysts have rated the stock with a Strong Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.67.

Ultrapar Participacoes Trading Down 1.4%

The company has a current ratio of 1.62, a quick ratio of 1.26 and a debt-to-equity ratio of 0.97. The firm has a market cap of $6.48 billion, a PE ratio of 14.52, a P/E/G ratio of 1.65 and a beta of 0.76. The business has a fifty day moving average price of $5.37 and a 200 day moving average price of $4.55.

Ultrapar Participacoes (NYSE:UGP) last announced its quarterly earnings results on Saturday, February 14th. The oil and gas company reported $0.05 earnings per share (EPS) for the quarter. The firm had revenue of $6.19 billion during the quarter. Ultrapar Participacoes had a return on equity of 14.11% and a net margin of 1.72%. Analysts forecast that Ultrapar Participacoes S.A. will post 0.46 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Inspire Investing LLC lifted its position in 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 during the last quarter. Plan A Wealth LLC increased its position 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 worth $58,000 after purchasing an additional 3,438 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of 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 worth $308,000 after purchasing an additional 3,952 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Ultrapar Participacoes by 32.3% in the 4th quarter. Franklin Resources Inc. now owns 19,210 shares of the oil and gas company’s stock valued at $72,000 after purchasing an additional 4,688 shares during the last quarter. Finally, Signaturefd LLC lifted its holdings in shares of Ultrapar Participacoes by 17.7% in the 4th quarter. Signaturefd LLC now owns 33,774 shares of the oil and gas company’s stock valued at $127,000 after purchasing an additional 5,082 shares during the last quarter. 3.58% of the stock is owned by hedge funds and other institutional investors.

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.