Ultrapar Participacoes SA (NYSE:UGP) shot up 3.6% on Thursday . The stock traded as high as $22.09 and last traded at $22.06, with a volume of 246,169 shares traded. The stock had previously closed at $21.29.

Separately, Zacks Investment Research lowered Ultrapar Participacoes SA from a “buy” rating to a “hold” rating in a research report on Tuesday, May 31st.

The company has a market capitalization of $11.88 billion and a PE ratio of 26.80. The company has a 50-day moving average of $20.58 and a 200-day moving average of $18.25.

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 research analysts anticipate that Ultrapar Participacoes SA will post $0.84 earnings per share for the current year.

An institutional investor recently bought a new position in Ultrapar Participacoes SA stock. Oxford Asset Management bought a new stake in Ultrapar Participacoes SA (NYSE:UGP) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 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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