NEW YORK (

TheStreet

) --

Ultrapar Participacoes

(NYSE:

UGP

) hit a new 52-week high Tuesday as it traded at $16.96 compared with its previous 52-Week high of $16.94. Ultrapar Participacoes is changing hands at $16.93 with 57,364 shares traded as of 11:11 a.m. ET. Average volume has been 310,000 shares over the past 30 days.

Ultrapar Participacoes has a market cap of $4.7 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 2.7% year to date as of the close of trading on Monday.

Ultrapar Holdings Inc., through its subsidiaries, engages in the distribution of liquefied petroleum gas, and light fuel and lubricants. The company has a P/E ratio of 39.7, above the average energy industry P/E ratio of 19.4 and above the S&P 500 P/E ratio of 16.2.

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TheStreet Ratings rates Ultrapar Participacoes as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, solid stock price performance and impressive record of earnings per share growth. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full

Ultrapar Participacoes Ratings Report

.

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