Ultrapar Participacoes SA (NYSE:UGP) reached a new 52-week high on Friday . The stock traded as high as $22.92 and last traded at $22.84, with a volume of 565,161 shares changing hands. The stock had previously closed at $22.48.

Separately, Zacks Investment Research upgraded Ultrapar Participacoes SA from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Wednesday, April 27th.

The company has a market cap of $12.40 billion and a P/E ratio of 27.30. The firm’s 50 day moving average is $21.70 and its 200-day moving average is $19.04.

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

A hedge fund recently bought a new stake 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 13F filing with the Securities and Exchange Commission. 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 as of its most recent SEC filing.

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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