Ultrapar Participacoes SA (NYSE:UGP) shares reached a new 52-week high on Friday . The stock traded as high as $22.69 and last traded at $22.61, with a volume of 312,113 shares. The stock had previously closed at $22.24.

Separately, Zacks Investment Research lowered shares of Ultrapar Participacoes SA from a “buy” rating to a “hold” rating in a research note on Wednesday, May 18th.

The company has a market cap of $12.37 billion and a price-to-earnings ratio of 27.27. The company’s 50-day moving average price is $21.34 and its 200 day moving average price is $18.77.

Ultrapar Participacoes SA (NYSE:UGP) last issued its earnings results on Thursday, May 12th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Equities research analysts forecast that Ultrapar Participacoes SA will post $0.85 earnings per share for the current year.

An institutional investor recently bought a new position in Ultrapar Participacoes SA stock. Atlantic Trust Group LLC bought a new stake in Ultrapar Participacoes SA (NYSE:UGP) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,110,000 shares of the company’s stock, valued at approximately $16,928,000. Atlantic Trust Group LLC owned about 0.20% of Ultrapar Participacoes SA at the end of the most recent reporting period.

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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