Ultrapar Participações S.A. (NYSE:UGP) Short Interest Down 26.1% in May

Ultrapar Participações S.A. (NYSE:UGPGet Free Report) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 1,220,000 shares, a decline of 26.1% from the May 15th total of 1,650,000 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 1,390,000 shares, the days-to-cover ratio is currently 0.9 days.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on UGP shares. StockNews.com lowered Ultrapar Participações from a “strong-buy” rating to a “buy” rating in a report on Friday, May 10th. Itau BBA Securities lowered Ultrapar Participações from an “outperform” rating to a “market perform” rating in a report on Tuesday, April 2nd. The Goldman Sachs Group boosted their target price on Ultrapar Participações from $5.30 to $6.00 and gave the stock a “neutral” rating in a report on Wednesday, March 20th. Finally, Citigroup upgraded Ultrapar Participações from a “neutral” rating to a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $4.37.

Get Our Latest Analysis on UGP

Institutional Trading of Ultrapar Participações

A number of institutional investors and hedge funds have recently modified their holdings of UGP. Blue Trust Inc. increased its position in shares of Ultrapar Participações by 254.7% during the fourth quarter. Blue Trust Inc. now owns 5,796 shares of the oil and gas company’s stock valued at $31,000 after purchasing an additional 4,162 shares during the period. Assetmark Inc. bought a new stake in Ultrapar Participações in the fourth quarter valued at $46,000. TCG Advisory Services LLC bought a new stake in Ultrapar Participações in the fourth quarter valued at $62,000. D Orazio & Associates Inc. bought a new stake in Ultrapar Participações in the first quarter valued at $66,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in Ultrapar Participações in the first quarter valued at $80,000. 3.58% of the stock is currently owned by institutional investors.

Ultrapar Participações Stock Performance

Shares of UGP stock traded up $0.02 during trading hours on Friday, reaching $4.07. 1,566,258 shares of the company’s stock were exchanged, compared to its average volume of 1,191,495. Ultrapar Participações has a fifty-two week low of $3.39 and a fifty-two week high of $6.34. The stock has a market capitalization of $4.54 billion, a P/E ratio of 8.48, a P/E/G ratio of 3.08 and a beta of 1.63. The business has a fifty day moving average price of $4.86 and a 200-day moving average price of $5.37. The company has a quick ratio of 1.23, a current ratio of 1.68 and a debt-to-equity ratio of 0.72.

Ultrapar Participações (NYSE:UGPGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The oil and gas company reported $0.08 EPS for the quarter. The company had revenue of $6.14 billion during the quarter. Ultrapar Participações had a return on equity of 19.30% and a net margin of 2.07%. Analysts predict that Ultrapar Participações will post 0.32 EPS for the current fiscal year.

Ultrapar Participações Company Profile

(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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