Ultrapar Participacoes (NYSE:UGP)‘s stock had its “buy” rating restated by Zacks Investment Research in a report issued on Saturday. They currently have a $25.00 target price on the oil and gas company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 4.21% from the company’s current price.

According to Zacks, “Ultrapar Participacoes S.A., a major Brazilian industrial group, is one of the largest distributors of liquefied petroleum gas in Brazil and a leading producer of petrochemicals and chemical. Ultrapar is also engaged in the storage and transportation of liquefied petroleum gas and petrochemical and chemical products. (PRESS RELEASE) “

Shares of Ultrapar Participacoes (NYSE UGP) opened at $23.99 on Friday. Ultrapar Participacoes has a 1-year low of $20.09 and a 1-year high of $25.39. The firm has a market capitalization of $13,331.46, a PE ratio of 26.36 and a beta of 1.05. The company has a quick ratio of 1.98, a current ratio of 2.51 and a debt-to-equity ratio of 1.11.

Several large investors have recently added to or reduced their stakes in the business. Boston Common Asset Management LLC raised its holdings in shares of Ultrapar Participacoes by 4.6% in the 2nd quarter. Boston Common Asset Management LLC now owns 15,450 shares of the oil and gas company’s stock valued at $364,000 after acquiring an additional 680 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp raised its holdings in shares of Ultrapar Participacoes by 1.1% in the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 64,420 shares of the oil and gas company’s stock valued at $1,516,000 after acquiring an additional 726 shares in the last quarter. Advisor Group Inc. raised its holdings in shares of Ultrapar Participacoes by 30.7% in the 2nd quarter. Advisor Group Inc. now owns 4,331 shares of the oil and gas company’s stock valued at $102,000 after acquiring an additional 1,018 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Ultrapar Participacoes by 41.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 10,758 shares of the oil and gas company’s stock valued at $256,000 after acquiring an additional 3,126 shares in the last quarter. Finally, Aperio Group LLC raised its holdings in shares of Ultrapar Participacoes by 2.1% in the 3rd quarter. Aperio Group LLC now owns 160,810 shares of the oil and gas company’s stock valued at $3,830,000 after acquiring an additional 3,287 shares in the last quarter. 4.38% of the stock is currently owned by hedge funds and other institutional investors.

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