BlackRock Fund Advisors recently announced the acquisition of new stake in Ultrapar Participacoes S.A. (NYSE:UGP). The institutional investor has increased its shareholding in the Energy company by 10.22% to 3.37 million shares with purchase of 0.31 million shares. This fresh investment now brings its stake to 0.30% valued currently at $8.56 million. In addition, Arrowstreet Capital LP raised its holdings by 20829.0 to 2.46 million shares. And Millennium Management LLC has lifted its position by 194.03% or 1.5 million shares – to 2.27 million shares.
With over 1.93 million Ultrapar Participacoes S.A. (UGP) shares trading Monday and a closing price of $2.52 on the day, the dollar volume was approximately $4.86 million. The shares have shown a negative half year performance of -4.91% and its price on 03/13/23 lost nearly -3.45%. Currently, there are 1.10B common shares owned by the public and among those 751.92M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 11 analysts who have offered their price forecasts for UGP have a consensus price objective of $3.26. The analysts have set the share’s price value over the next 12 months at a high of $4.47 and a low of $2.71. The average price target is 17.92% above its recent price level and an upside to the estimated low will see the stock gain 7.01% over that period. But an upside of 43.62% will see the stock hit the forecast high price target while median target price for the stock is $3.19.
The top 3 mutual fund holders in Ultrapar Participacoes S.A. are iShares Tr. – Global Infrastructu, Genesis Emerging Markets Investme, and CS Invt. Fds. 2 -. iShares Tr. – Global Infrastructu owns 1.72 million shares of the company’s stock, all valued at over $4.37 million. Genesis Emerging Markets Investme sold -0.18 million shares to see its total holdings shrink to 1.56 million shares valued at over $3.97 million and representing 0.14% of the shares outstanding. CS Invt. Fds. 2 – sold -0.17 million shares to bring its total holdings to over 1.12 million shares at a value of $2.86 million. CS Invt. Fds. 2 – now owns shares totaling to 0.10% of the shares outstanding.
Shares of Ultrapar Participacoes S.A. (NYSE: UGP) opened at $2.55, down -$0.06 from a prior closing price of $2.61. However, the script later moved the day high at 2.5950, down -3.45%. The company’s stock has a 5-day price change of -4.55% and 2.86% over the past three months. UGP shares are trading 4.13% year to date (YTD), with the 12-month market performance down to -1.42% lower. It has a 12-month low price of $2.13 and touched a high of $3.12 over the same period. UGP has an average intraday trading volume of 1.52 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.08%, 0.25%, and -0.09% respectively.
Institutional ownership of Ultrapar Participacoes S.A. (NYSE: UGP) shares accounts for 3.70% of the company’s 1.10B shares outstanding. Mutual fund holders own 0.88%, while other institutional holders and individual stakeholders account for 3.00% and — respectively.
It has a market capitalization of $2.85B and a beta (3y monthly) value of 1.18. The stock’s trailing 12-month PE ratio is 9.55, while the earnings-per-share (ttm) stands at $0.26. The company has a PEG of 0.40 and a Quick Ratio of 1.10 with the debt-to-equity ratio at 1.13. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.17% over the week and 3.50% over the month.
Analysts forecast that Ultrapar Participacoes S.A. (UGP) will achieve an EPS of $0.02 for the current quarter, $0.05 for the next quarter and $0.25 for 2023. The lowest estimate earnings-per-share for the quarter is $0.02 while analysts give the company a high EPS estimate of $0.02. Comparatively, EPS for the current quarter was $0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 90.60%, and 18.20% over the next financial year. EPS should grow at an annualized rate of 24.00% over the next five years, compared to -0.50% over the past 5-year period.
Citigroup on their part issued Buy rating on February 10, 2020.
