CVR Partners (NYSE:UAN) Reaches New 12-Month High – What’s Next?

CVR Partners, LP (NYSE:UAN)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $85.70 and last traded at $85.49, with a volume of 14230 shares. The stock had previously closed at $83.87.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of CVR Partners from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 30th.

CVR Partners Price Performance

The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10. The stock’s fifty day moving average price is $79.26 and its 200-day moving average price is $78.01. The firm has a market cap of $1.49 billion, a PE ratio of 15.06 and a beta of 1.10.

CVR Partners (NYSE:UAN) last issued its quarterly earnings data on Monday, April 28th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%. The firm had revenue of $142.87 million during the quarter.

CVR Partners Announces Dividend

The business also recently disclosed a dividend, which was paid on Monday, May 19th. Stockholders of record on Tuesday, May 13th were given a $2.26 dividend. The ex-dividend date was Monday, May 12th. This represents a dividend yield of 11.3%. CVR Partners’s dividend payout ratio is currently 126.79%.

Insider Transactions at CVR Partners

In other news, major shareholder Carl C. Icahn purchased 6,071 shares of the company’s stock in a transaction on Monday, April 7th. The stock was bought at an average cost of $66.65 per share, for a total transaction of $404,632.15. Following the completion of the purchase, the insider now directly owns 219,620 shares of the company’s stock, valued at $14,637,673. The trade was a 2.84% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have acquired 38,243 shares of company stock worth $2,733,035 over the last quarter. 0.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CVR Partners

Several large investors have recently made changes to their positions in UAN. McIlrath & Eck LLC boosted its position in CVR Partners by 137.2% during the 4th quarter. McIlrath & Eck LLC now owns 1,803 shares of the basic materials company’s stock worth $137,000 after purchasing an additional 1,043 shares during the period. Chancellor Financial Group WB LP acquired a new position in shares of CVR Partners during the fourth quarter worth about $209,000. Summit Securities Group LLC boosted its position in shares of CVR Partners by 123.1% in the fourth quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock worth $220,000 after buying an additional 1,600 shares during the period. Virtu Financial LLC purchased a new stake in shares of CVR Partners in the fourth quarter worth about $226,000. Finally, Stifel Financial Corp acquired a new stake in shares of CVR Partners in the fourth quarter valued at about $227,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

CVR Partners Company Profile

CVR Partners, LP, together with its subsidiaries, engages in the production and sale of nitrogen fertilizer products in the United States. The company offers ammonia products for agricultural and industrial customers; and urea ammonium nitrate products to agricultural customers, as well as retailers and distributors.