NEW YORK (

TheStreet

) --

Ultrapar Participacoes

(NYSE:

UGP

) hit a new 52-week high Thursday as it is currently trading at $18.50, above its previous 52-week high of $18.47 with 39,555 shares traded as of 10:48 a.m. ET. Average volume has been 340,800 shares over the past 30 days.

Ultrapar Participacoes has a market cap of $5.1 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 11.9% year to date as of the close of trading on Wednesday.

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 43, above the average energy industry P/E ratio of 21 and above the S&P 500 P/E ratio of 16.4.

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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 the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

Ultrapar Participacoes Ratings Report

.

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