Ultrapar Participacoes SA (NYSE:UGP) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its position in shares of Ultrapar Participacoes SA (NYSE:UGP) by 6.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 439,901 shares of the oil and gas company’s stock after buying an additional 24,882 shares during the period. Schwab Charles Investment Management Inc. owned 0.08% of Ultrapar Participacoes worth $10,479,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Boston Common Asset Management LLC lifted its stake in shares of Ultrapar Participacoes by 4.6% during the second quarter. Boston Common Asset Management LLC now owns 15,450 shares of the oil and gas company’s stock valued at $364,000 after buying an additional 680 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of Ultrapar Participacoes by 1.1% during the second 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 buying an additional 726 shares during the period. Advisor Group Inc. lifted its stake in shares of Ultrapar Participacoes by 30.7% during the second quarter. Advisor Group Inc. now owns 4,331 shares of the oil and gas company’s stock valued at $102,000 after buying an additional 1,018 shares during the period. Aperio Group LLC lifted its stake in shares of Ultrapar Participacoes by 2.1% during the third quarter. Aperio Group LLC now owns 160,810 shares of the oil and gas company’s stock valued at $3,830,000 after buying an additional 3,287 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Ultrapar Participacoes by 26.2% during the second quarter. Ameriprise Financial Inc. now owns 16,434 shares of the oil and gas company’s stock valued at $387,000 after buying an additional 3,410 shares during the period. 4.38% of the stock is currently owned by institutional investors and hedge funds.

Ultrapar Participacoes SA (NYSE UGP) opened at $24.05 on Friday. Ultrapar Participacoes SA has a one year low of $20.09 and a one year high of $25.39. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.98 and a current ratio of 2.51. The stock has a market cap of $13,342.59, a P/E ratio of 26.35 and a beta of 1.05.

Separately, Zacks Investment Research raised shares of Ultrapar Participacoes from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Ultrapar Participacoes currently has an average rating of “Hold” and a consensus price target of $25.00.

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About Ultrapar Participacoes

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

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