Ultrapar Participacoes SA (NYSE:UGP)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $21.83, but opened at $21.98. Ultrapar Participacoes SA shares last traded at $22.41, with a volume of 292,579 shares trading hands.

Separately, Zacks Investment Research cut shares of Ultrapar Participacoes SA from a “buy” rating to a “hold” rating in a research report on Tuesday, May 24th.

The firm’s 50-day moving average is $21.63 and its 200 day moving average is $19.01. The firm has a market cap of $12.21 billion and a price-to-earnings ratio of 26.89.

Ultrapar Participacoes SA (NYSE:UGP) last released its quarterly earnings data on Thursday, May 12th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by $0.01. Equities analysts expect 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 acquired a new position in shares of Ultrapar Participacoes SA (NYSE:UGP) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 1,110,000 shares of the company’s stock, valued at approximately $16,928,000. Atlantic Trust Group LLC owned 0.20% of Ultrapar Participacoes SA as of its most recent filing with the SEC.

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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