Ultrapar Participacoes SA (NYSE:UGP) saw an uptick in trading volume on Thursday . 804,584 shares were traded during trading, an increase of 15% from the previous session’s volume of 702,570 shares.The stock last traded at $20.57 and had previously closed at $20.69.

Separately, Zacks Investment Research cut Ultrapar Participacoes SA from a “buy” rating to a “hold” rating in a report on Wednesday, May 18th.

The firm has a 50 day moving average price of $20.25 and a 200 day moving average price of $18.01. The company has a market capitalization of $11.20 billion and a PE ratio of 24.12.

Ultrapar Participacoes SA (NYSE:UGP) last posted its quarterly earnings results on Thursday, May 12th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.21 by $0.01. On average, equities analysts anticipate that Ultrapar Participacoes SA will post $0.84 earnings per share for the current fiscal year.

A hedge fund recently bought a new stake in Ultrapar Participacoes SA stock. Oxford Asset Management purchased a new stake in shares of Ultrapar Participacoes SA (NYSE:UGP) during the fourth quarter, Holdings Channel reports. The fund purchased 108,178 shares of the company’s stock, valued at approximately $1,650,000.

Ultrapar Participacoes SA is a Brazil-based holding company that operates in four segments: fuel distribution through Ipiranga; chemicals through Oxiteno; Liquefied Petroleum Gas (LPG) distribution through Ultragaz; and logistics for liquid bulk through Ultracargo. Ipiranga is a fuel distributor in Brazil, with a network of service stations, providing diesel, gasoline, ethanol, natural gas for vehicles, fuel oil and kerosene, besides lubricants.

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