CVR Partners (NYSE:UAN) Reaches New 12-Month High - Time to Buy?

CVR Partners, LP (NYSE:UAN - Get Free Report) reached 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. The stock had previously closed at $89.62.

Analysts Set New Price Targets

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 Stock Performance

The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 12.59 and a beta of 1.10. The stock has a fifty day moving average price of $82.63 and a two-hundred day moving average price of $78.67. The company has a quick ratio of 1.69, a current ratio of 2.50 and a debt-to-equity ratio of 1.89.

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

CVR Partners Dividend Announcement

The firm 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. This represents a dividend yield of 11.3%. The ex-dividend date was Monday, May 12th. CVR Partners's dividend payout ratio is currently 126.79%.

Insider Activity

In other CVR Partners news, major shareholder Carl C. Icahn acquired 500 shares of the stock in a transaction dated Thursday, April 3rd. The stock was acquired at an average price of $74.98 per share, with a total value of $37,490.00. Following the completion of the transaction, the insider now directly owns 207,686 shares in the company, valued at approximately $15,572,296.28. This trade represents a 0.24% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders acquired a total of 37,185 shares of company stock valued at $2,653,685 over the last quarter. Company insiders own 0.36% of the company's stock.

Institutional Investors Weigh In On CVR Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in UAN. Raymond James Financial Inc. purchased a new stake in shares of CVR Partners in the fourth quarter valued at $233,000. Virtu Financial LLC purchased a new stake in shares of CVR Partners in the fourth quarter valued at $226,000. Summit Securities Group LLC grew its position in CVR Partners by 123.1% during the fourth quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company's stock valued at $220,000 after acquiring an additional 1,600 shares during the period. Rangeley Capital LLC purchased a new stake in CVR Partners during the fourth quarter valued at about $1,823,000. Finally, Stifel Financial Corp purchased a new stake in CVR Partners during the fourth quarter valued at about $227,000. Hedge funds and other institutional investors 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.