Renaissance Technologies LLC Modifies Its Stake in Ultrapar Participacoes SA (Ne (UGP)

Legal & General Group Plc held its position in shares of Ultrapar Participacoes S.A. (NYSE:UGP) during the first quarter, Holdings Channel reports.

A number of equities research analysts have weighed in on UGP shares. Zacks Investment Research downgraded shares of Ultrapar Participacoes from a "hold" rating to a "sell" rating in a research report on Thursday, July 13th.

Ultrapar Participacoes (NYSE UGP) traded up 2.10% during mid-day trading on Friday, hitting $22.32. PNC Financial Services Group Inc. now owns 6,695 shares of the oil and gas company's stock worth $151,000 after buying an additional 782 shares during the period. The stock's 50 day moving average price is $23.36 and its 200-day moving average price is $22.63. The firm has a market capitalization of $12.21 billion, a price-to-earnings ratio of 26.70 and a beta of 1.12. The stock of Ultrapar Participacoes SA (ADR) (NYSE:UGP) earned "Buy" rating by Citigroup on Friday, November 18.

Several other institutional investors have also modified their holdings of the stock. Harel Insurance Investments & Financial Services Ltd. boosted its stake in shares of Ultrapar Participacoes by 5.3% in the first quarter. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. Comerica Bank raised its stake in shares of Ultrapar Participacoes by 12.7% in the fourth quarter. Ameriprise Financial Inc. now owns 13,024 shares of the oil and gas company's stock worth $296,000 after buying an additional 3,280 shares in the last quarter. CIBC World Markets Inc. bought a new stake in shares of Ultrapar Participacoes during the second quarter worth $210,000. Blackrock Institutional Com Na accumulated 145,839 shares or 0% of the stock. If you are reading this story on another domain, it was illegally copied and republished in violation of global copyright and trademark laws.

The business also recently disclosed a semiannual dividend, which will be paid on Tuesday, September 5th. The ex-dividend date of this dividend is Thursday, August 17th. State Street Corp now owns 819,254 shares of the oil and gas company's stock worth $16,991,000 after buying an additional 25,052 shares in the last quarter. Ultrapar Participacoes now has an average rating of "Hold" and an average price target of $24.00. This represents a yield of 2.41%. Ultrapar Participacoes's dividend payout ratio (DPR) is now 65.00%. The original version of this piece can be viewed at https://www.themarketsdaily.com/2017/08/12/ultrapar-participacoes-s-a-ugp-shares-bought-by-goldman-sachs-group-inc-updated-updated-updated.html.

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