NEW YORK ( TheStreet) -- Ultrapar Holdings (NYSE: UGP) is trading at unusually high volume Wednesday with 1.6 million shares changing hands. It is currently at 4.2 times its average daily volume and trading up 63 cents (+2.9%) at $22.28 as of 2:55 p.m. ET. Ultrapar has a market cap of $10.72 billion and is part of the basic materials sector and energy industry. Shares are up 25.9% year to date as of the close of trading on Tuesday. Ultrapar Holdings Inc., through its subsidiaries, operates in the petrochemicals industry. The company has a P/E ratio of 52.5, above the average energy industry P/E ratio of 19.8 and above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates Ultrapar as a buy. Among the primary strengths of the company is its solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Ultrapar Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Interested in other stocks that are rising on unusually high volume? Get free SMS text alerts sent to you when the action happens by texting HVUP to 95370 or select from multiple alert options.