ING Groep NV held its stake in shares of Ultrapar Participacoes SA (NYSE:UGP) during the second quarter, Holdings Channel reports. The firm owned 14,875 shares of the company’s stock at the end of the second quarter. ING Groep NV’s holdings in Ultrapar Participacoes SA were worth $327,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. Pacad Investment Ltd. bought a new position in Ultrapar Participacoes SA during the first quarter worth about $270,000. Quadrature Capital Ltd bought a new position in Ultrapar Participacoes SA during the first quarter worth about $327,000. Americafirst Capital Management LLC bought a new position in Ultrapar Participacoes SA during the second quarter worth about $362,000. Mirae Asset Global Investments Co. Ltd. raised its position in Ultrapar Participacoes SA by 6.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 23,549 shares of the company’s stock worth $454,000 after buying an additional 1,441 shares in the last quarter. Finally, NN Investment Partners Holdings N.V. bought a new position in Ultrapar Participacoes SA during the first quarter worth about $723,000. Institutional investors and hedge funds own 3.31% of the company’s stock.
Ultrapar Participacoes SA (NYSE:UGP) traded down 0.31% on Wednesday, reaching $22.27. The company had a trading volume of 231,680 shares. Ultrapar Participacoes SA has a one year low of $12.93 and a one year high of $24.50. The company has a 50-day moving average of $22.23 and a 200 day moving average of $21.27. The stock has a market cap of $12.10 billion, a price-to-earnings ratio of 25.51 and a beta of 1.39.
A number of research firms recently issued reports on UGP. Zacks Investment Research lowered Ultrapar Participacoes SA from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 27th. TheStreet upgraded Ultrapar Participacoes SA from a “hold” rating to a “buy” rating in a research report on Monday, September 12th.
About Ultrapar Participacoes SA
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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