Ultrapar Participacoes S.A. (NYSE:UGP) Stake Boosted by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. boosted its position in Ultrapar Participacoes S.A. (NYSE:UGP) by 193.5% during the second quarter, according to its most recent filing 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 institutional investors have also recently made changes to their positions in the company. Flossbach Von Storch AG boosted its position in shares of Ultrapar Participacoes by 3.6% in the second quarter. Flossbach Von Storch AG now owns 71,000 shares of the oil and gas company’s stock worth $1,671,000 after buying an additional 2,500 shares in the last quarter. Strs Ohio bought a new stake in Ultrapar Participacoes during the second quarter valued at approximately $564,000. Russell Investments Group Ltd. boosted its stake in Ultrapar Participacoes by 195.1% in the second quarter. Russell Investments Group Ltd. now owns 71,032 shares of the oil and gas company’s stock valued at $1,672,000 after buying an additional 46,960 shares in the last quarter. Aperio Group LLC boosted its stake in Ultrapar Participacoes by 8.2% in the second quarter. Aperio Group LLC now owns 157,523 shares of the oil and gas company’s stock valued at $3,707,000 after buying an additional 11,894 shares in the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in Ultrapar Participacoes by 26.1% in the second quarter. Eqis Capital Management Inc. now owns 28,067 shares of the oil and gas company’s stock valued at $660,000 after buying an additional 5,813 shares in the last quarter. 4.28% of the stock is currently owned by institutional investors.

Shares of Ultrapar Participacoes S.A. (UGP) opened at 22.99 on Tuesday. The company has a 50-day moving average of $23.48 and a 200 day moving average of $22.56. The company has a market capitalization of $12.49 billion, a PE ratio of 25.38 and a beta of 1.12. Ultrapar Participacoes S.A. has a 52-week low of $18.38 and a 52-week high of $24.78.

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Several research firms recently commented on UGP. Zacks Investment Research cut shares of Ultrapar Participacoes from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. BidaskClub cut shares of Ultrapar Participacoes from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, Citigroup Inc. cut shares of Ultrapar Participacoes from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 11th.

Ultrapar Participacoes Company Profile

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

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