Ultrapar Participacoes SA (NYSE:UGP)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $22.17 and last traded at $22.16, with a volume of 424,942 shares trading hands. The stock had previously closed at $22.10.

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

The company’s 50-day moving average is $20.70 and its 200-day moving average is $18.36. The firm has a market capitalization of $12.05 billion and a price-to-earnings ratio of 26.37.

Ultrapar Participacoes SA (NYSE:UGP) last announced its quarterly earnings data on Thursday, May 12th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.21 by $0.01. Equities research analysts forecast 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. Oxford Asset Management bought a new stake in shares of Ultrapar Participacoes SA (NYSE:UGP) during the fourth quarter, according to its most recent 13F filing with the SEC. 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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