Ultrapar Participacoes S.A. (NYSE:UGP) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Several other equities analysts have also commented on UGP. Citigroup Inc. lowered Ultrapar Participacoes from a “buy” rating to a “neutral” rating in a research note on Tuesday, April 11th. Zacks Investment Research lowered Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research note on Thursday, April 27th.

Shares of Ultrapar Participacoes (NYSE UGP) opened at 22.91 on Friday. Ultrapar Participacoes has a 12 month low of $18.38 and a 12 month high of $24.78. The company’s 50 day moving average price is $23.48 and its 200-day moving average price is $22.56. The firm has a market capitalization of $12.45 billion, a P/E ratio of 25.29 and a beta of 1.12.

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Institutional investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. acquired a new position in Ultrapar Participacoes during the fourth quarter valued at approximately $502,000. State Street Corp raised its position in Ultrapar Participacoes by 3.2% in the fourth quarter. State Street Corp now owns 819,254 shares of the oil and gas company’s stock valued at $16,991,000 after buying an additional 25,052 shares during the last quarter. Manning & Napier Advisors LLC raised its position in Ultrapar Participacoes by 21.0% in the first quarter. Manning & Napier Advisors LLC now owns 48,654 shares of the oil and gas company’s stock valued at $1,105,000 after buying an additional 8,432 shares during the last quarter. Capstone Asset Management Co. raised its position in Ultrapar Participacoes by 0.7% in the first quarter. Capstone Asset Management Co. now owns 71,767 shares of the oil and gas company’s stock valued at $1,631,000 after buying an additional 490 shares during the last quarter. Finally, Fox Run Management L.L.C. acquired a new position in Ultrapar Participacoes during the first quarter valued at approximately $668,000. Hedge funds and other institutional investors own 4.26% of the company’s stock.

About Ultrapar Participacoes

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