Ultrapar Participacoes SA (NYSE:UGP) saw an uptick in trading volume on Thursday . 804,584 shares were traded during mid-day 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 shares of Ultrapar Participacoes SA from a “buy” rating to a “hold” rating in a report on Tuesday, May 31st.

The stock has a market capitalization of $11.64 billion and a PE ratio of 25.75. The stock has a 50-day moving average of $20.30 and a 200-day moving average of $18.06.

Ultrapar Participacoes SA (NYSE:UGP) last released its quarterly 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 analysts predict that Ultrapar Participacoes SA will post $0.84 EPS for the current fiscal year.

An institutional investor recently bought a new position in Ultrapar Participacoes SA stock. Atlantic Trust Group LLC acquired 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 firm acquired 1,110,000 shares of the company’s stock, valued at approximately $16,928,000. Atlantic Trust Group LLC owned approximately 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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