CVR Partners (NYSE:UAN) Reaches New 1-Year High - What's Next?

Shares of CVR Partners, LP (NYSE:UAN - Get Free Report) reached a new 52-week high on Monday . The company traded as high as $85.70 and last traded at $85.49, with a volume of 14230 shares traded. The stock had previously closed at $83.87.

Analysts Set New Price Targets

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

CVR Partners Stock Performance

The company has a quick ratio of 1.69, a current ratio of 2.50 and a debt-to-equity ratio of 1.89. The business has a 50 day simple moving average of $80.88 and a two-hundred day simple moving average of $78.26. The firm has a market cap of $1.53 billion, a PE ratio of 12.50 and a beta of 1.10.

CVR Partners (NYSE:UAN - Get Free Report) last announced its quarterly earnings results on Monday, April 28th. The basic materials company reported $2.56 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 company also recently declared a dividend, which was paid on Monday, May 19th. Stockholders of record on Tuesday, May 13th were paid a dividend of $2.26 per share. 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 Activity

In other news, major shareholder Carl C. Icahn purchased 1,058 shares of the business's stock in a transaction dated Tuesday, March 25th. The shares were purchased at an average price of $75.00 per share, for a total transaction of $79,350.00. Following the completion of the purchase, the insider now owns 201,516 shares in the company, valued at approximately $15,113,700. This represents a 0.53% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last 90 days, insiders have bought 38,243 shares of company stock worth $2,733,035. Company insiders own 0.36% of the company's stock.

Institutional Investors Weigh In On CVR Partners

A number of institutional investors have recently added to or reduced their stakes in the stock. Icahn Carl C boosted its position in CVR Partners by 4.5% during 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 in the last quarter. De Lisle Partners LLP boosted its position in CVR Partners by 10.8% during the first quarter. De Lisle Partners LLP now owns 50,633 shares of the basic materials company's stock valued at $3,805,000 after purchasing an additional 4,916 shares in the last quarter. Rangeley Capital LLC bought a new stake in CVR Partners during the fourth quarter valued at about $1,823,000. Jane Street Group LLC bought a new stake in CVR Partners during the first quarter valued at about $1,595,000. Finally, Bank of America Corp DE boosted its position 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 valued at $975,000 after purchasing an additional 1,520 shares in the last quarter. Institutional investors own 43.83% of the company's stock.

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.