Ameriprise Financial Inc. boosted its stake in shares of Ultrapar Participacoes S.A. (NYSE:UGP) by 26.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,434 shares of the oil and gas company’s stock after buying an additional 3,410 shares during the quarter. Ameriprise Financial Inc.’s holdings in Ultrapar Participacoes were worth $387,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. lifted its holdings in Ultrapar Participacoes by 13.2% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,695 shares of the oil and gas company’s stock valued at $151,000 after buying an additional 782 shares in the last quarter. CIBC World Markets Inc. bought a new stake in Ultrapar Participacoes during the 2nd quarter valued at about $210,000. Wetherby Asset Management Inc. lifted its holdings in Ultrapar Participacoes by 24.3% during the 2nd quarter. Wetherby Asset Management Inc. now owns 11,784 shares of the oil and gas company’s stock valued at $277,000 after buying an additional 2,304 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Ultrapar Participacoes by 131.0% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 18,338 shares of the oil and gas company’s stock valued at $415,000 after buying an additional 10,400 shares in the last quarter. Finally, Trexquant Investment LP bought a new stake in Ultrapar Participacoes during the 2nd quarter valued at about $456,000. Institutional investors own 4.01% of the company’s stock.

WARNING: “Ultrapar Participacoes S.A. (UGP) Shares Bought by Ameriprise Financial Inc.” was reported by Daily Political and is owned by of Daily Political. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.dailypolitical.com/2017/11/15/ultrapar-participacoes-s-a-ugp-shares-bought-by-ameriprise-financial-inc.html.

Ultrapar Participacoes S.A. (NYSE UGP) opened at $21.39 on Wednesday. The company has a current ratio of 2.51, a quick ratio of 1.98 and a debt-to-equity ratio of 1.11. The company has a market cap of $12,146.32, a PE ratio of 27.29 and a beta of 1.10. Ultrapar Participacoes S.A. has a 12-month low of $18.99 and a 12-month high of $25.39.

UGP has been the subject of a number of research analyst reports. BidaskClub upgraded shares of Ultrapar Participacoes from a “hold” rating to a “buy” rating in a report on Saturday, August 26th. Zacks Investment Research upgraded shares of Ultrapar Participacoes from a “sell” rating to a “hold” rating in a report on Tuesday, September 19th. downgraded shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Bank of America Corporation downgraded shares of Ultrapar Participacoes from a “neutral” rating to an “underperform” rating in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Ultrapar Participacoes has a consensus rating of “Hold” and a consensus price target of $27.00.

Ultrapar Participacoes Company Profile

Want to see what other hedge funds are holding UGP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Ultrapar Participacoes S.A. (NYSE:UGP).

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

Receive News & Ratings for Ultrapar Participacoes S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultrapar Participacoes S.A. and related companies with MarketBeat.com's FREE daily email newsletter.