CVR Partners (NYSE:UAN) Hits New 12-Month High - Still a Buy?

CVR Partners, LP (NYSE:UAN - Get Free Report) hit a new 52-week high on Monday . The company traded as high as $91.81 and last traded at $92.04, with a volume of 15195 shares trading hands. The stock had previously closed at $89.62.

Analyst Ratings Changes

Separately, Wall Street Zen raised CVR Partners from a "buy" rating to a "strong-buy" rating in a report on Wednesday, April 30th.

CVR Partners Trading Up 3.1%

The company has a debt-to-equity ratio of 1.89, a current ratio of 2.50 and a quick ratio of 1.69. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 12.96 and a beta of 1.10. The business's 50 day simple moving average is $81.25 and its 200 day simple moving average is $78.32.

CVR Partners (NYSE:UAN - Get Free Report) last released its quarterly earnings results on Monday, April 28th. The basic materials company reported $2.56 earnings per share (EPS) for the quarter. The firm had revenue of $142.87 million for the quarter. CVR Partners had a return on equity of 25.44% and a net margin of 13.95%.

CVR Partners Dividend Announcement

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

Insider Transactions at CVR Partners

In other news, major shareholder Carl C. Icahn acquired 2,640 shares of CVR Partners stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average price of $74.96 per share, for a total transaction of $197,894.40. Following the completion of the transaction, the insider now directly owns 204,336 shares in the company, valued at approximately $15,317,026.56. This trade represents a 1.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased 38,243 shares of company stock worth $2,733,035 over the last 90 days. 0.36% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CVR Partners

A number of large investors have recently modified their holdings of UAN. Icahn Carl C lifted its stake in shares of CVR Partners by 4.5% in the fourth quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company's stock valued at $308,868,000 after purchasing an additional 174,192 shares during the period. De Lisle Partners LLP grew its holdings in shares of CVR Partners by 10.8% in the 1st quarter. De Lisle Partners LLP now owns 50,633 shares of the basic materials company's stock worth $3,805,000 after acquiring an additional 4,916 shares during the period. Rangeley Capital LLC purchased a new position in CVR Partners in the 4th quarter valued at approximately $1,823,000. Jane Street Group LLC purchased a new position in CVR Partners in the 1st quarter valued at approximately $1,595,000. Finally, Bank of America Corp DE raised its holdings in CVR Partners by 13.4% during the fourth quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company's stock worth $975,000 after purchasing an additional 1,520 shares during the last quarter. 43.83% of the stock is owned by hedge funds and other institutional investors.

About CVR Partners

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.

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