Citigroup Inc. upgraded shares of Ultrapar Participacoes SA (NYSE:UGP) from a neutral rating to a buy rating in a research report report published on Friday.

Other equities research analysts have also recently issued reports about the company. TheStreet raised Ultrapar Participacoes SA from a hold rating to a buy rating in a research note on Monday, September 12th. Zacks Investment Research cut Ultrapar Participacoes SA from a strong-buy rating to a hold rating in a research note on Tuesday, September 27th.

Shares of Ultrapar Participacoes SA (NYSE:UGP) traded up 2.02% on Friday, reaching $20.75. The company had a trading volume of 173,581 shares. The company has a market capitalization of $11.27 billion, a P/E ratio of 23.74 and a beta of 1.39. Ultrapar Participacoes SA has a 52 week low of $12.93 and a 52 week high of $24.50. The company has a 50 day moving average of $21.86 and a 200-day moving average of $21.59.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Profund Advisors LLC raised its position in Ultrapar Participacoes SA by 1.8% in the second quarter. Profund Advisors LLC now owns 36,948 shares of the company’s stock worth $813,000 after buying an additional 651 shares during the period. Global X Management Co. LLC raised its position in Ultrapar Participacoes SA by 4.4% in the second quarter. Global X Management Co. LLC now owns 18,068 shares of the company’s stock worth $398,000 after buying an additional 766 shares during the period. Manning & Napier Advisors LLC raised its position in Ultrapar Participacoes SA by 1.9% in the third quarter. Manning & Napier Advisors LLC now owns 62,290 shares of the company’s stock worth $1,362,000 after buying an additional 1,142 shares during the period. World Asset Management Inc raised its position in Ultrapar Participacoes SA by 8.3% in the second quarter. World Asset Management Inc now owns 34,436 shares of the company’s stock worth $758,000 after buying an additional 2,643 shares during the period. Finally, Citigroup Inc. raised its position in Ultrapar Participacoes SA by 59.3% in the second quarter. Citigroup Inc. now owns 10,656 shares of the company’s stock worth $235,000 after buying an additional 3,966 shares during the period. Hedge funds and other institutional investors own 3.26% of the company’s stock.

Ultrapar Participacoes SA Company Profile

5 Day Chart for NYSE:UGP

Receive News & Stock Ratings for Ultrapar Participacoes SA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ultrapar Participacoes SA and related stocks with our FREE daily email newsletter.