Daiwa Securities Group Inc. increased its position in Ultrapar Participacoes S.A. (NYSE:UGP) by 193.5% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 150,150 shares of the oil and gas company’s stock after buying an additional 99,000 shares during the period. Daiwa Securities Group Inc.’s holdings in Ultrapar Participacoes were worth $3,533,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. boosted its stake in Ultrapar Participacoes by 5.3% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 7,938 shares of the oil and gas company’s stock worth $180,000 after buying an additional 400 shares during the last quarter. Comerica Bank boosted its stake in Ultrapar Participacoes by 1.3% in the first quarter. Comerica Bank now owns 31,952 shares of the oil and gas company’s stock worth $705,000 after buying an additional 414 shares during the last quarter. Capital Innovations LLC boosted its stake in Ultrapar Participacoes by 2.9% in the first quarter. Capital Innovations LLC now owns 15,090 shares of the oil and gas company’s stock worth $343,000 after buying an additional 430 shares during the last quarter. Capstone Asset Management Co. boosted its stake 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 worth $1,631,000 after buying an additional 490 shares during the last quarter. Finally, Global X Management Co. LLC boosted its stake in Ultrapar Participacoes by 3.2% in the first quarter. Global X Management Co. LLC now owns 16,070 shares of the oil and gas company’s stock worth $365,000 after buying an additional 501 shares during the last quarter. Institutional investors and hedge funds own 4.28% of the company’s stock.

Ultrapar Participacoes S.A. (NYSE UGP) opened at 22.99 on Tuesday. Ultrapar Participacoes S.A. has a 1-year low of $18.38 and a 1-year high of $24.78. The company has a market capitalization of $12.49 billion, a price-to-earnings ratio of 25.38 and a beta of 1.12. The firm has a 50 day moving average of $23.48 and a 200-day moving average of $22.56.

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A number of equities research analysts have commented on the stock. BidaskClub cut shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Zacks Investment Research cut shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating in a report on Thursday, April 27th. Finally, Citigroup Inc. cut shares of Ultrapar Participacoes from a “buy” rating to a “neutral” rating in a report on Tuesday, April 11th.

About Ultrapar Participacoes

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Institutional Ownership by Quarter for Ultrapar Participacoes (NYSE:UGP)

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