Bank of New York Mellon Corp Boosts Position in Ultrapar Participacoes S.A. (UGP)

Bank of New York Mellon Corp boosted its stake in shares of Ultrapar Participacoes S.A. (NYSE:UGP) by 1.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,419 shares of the oil and gas company’s stock after buying an additional 1,499 shares during the period. Bank of New York Mellon Corp’s holdings in Ultrapar Participacoes were worth $2,374,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of UGP. Advisors Asset Management Inc. raised its stake in shares of Ultrapar Participacoes by 2.6% in the first quarter. Advisors Asset Management Inc. now owns 135,554 shares of the oil and gas company’s stock valued at $3,081,000 after buying an additional 3,496 shares in the last quarter. Eqis Capital Management Inc. raised its stake in shares of Ultrapar Participacoes by 68.9% in the first quarter. Eqis Capital Management Inc. now owns 22,254 shares of the oil and gas company’s stock valued at $506,000 after buying an additional 9,077 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Ultrapar Participacoes by 160.0% in the first quarter. Wells Fargo & Company MN now owns 16,925 shares of the oil and gas company’s stock valued at $385,000 after buying an additional 10,415 shares in the last quarter. Wetherby Asset Management Inc. bought a new stake in shares of Ultrapar Participacoes during the first quarter valued at $215,000. Finally, Profund Advisors LLC raised its stake in shares of Ultrapar Participacoes by 77.5% in the first quarter. Profund Advisors LLC now owns 78,154 shares of the oil and gas company’s stock valued at $1,776,000 after buying an additional 34,112 shares in the last quarter. 3.87% of the stock is currently owned by institutional investors and hedge funds.

Shares of Ultrapar Participacoes S.A. (NYSE:UGP) opened at 23.83 on Tuesday. The firm has a market capitalization of $12.95 billion, a price-to-earnings ratio of 27.84 and a beta of 1.12. Ultrapar Participacoes S.A. has a 12 month low of $18.38 and a 12 month high of $24.78. The firm has a 50-day moving average price of $23.34 and a 200 day moving average price of $22.02.

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Several brokerages have weighed in on UGP. Zacks Investment Research lowered Ultrapar Participacoes from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Citigroup Inc. lowered Ultrapar Participacoes from a “buy” rating to a “neutral” rating in a research report on Tuesday, April 11th.

About Ultrapar Participacoes

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

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