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

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Shares of CVR Partners, LP (NYSE:UAN - Get Free Report) reached a new 52-week high on Thursday . The company traded as high as $94.00 and last traded at $93.18, with a volume of 8276 shares. The stock had previously closed at $89.55.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of 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 debt-to-equity ratio of 1.89, a quick ratio of 1.69 and a current ratio of 2.50. The stock's fifty day moving average is $87.50 and its two-hundred day moving average is $81.14. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 11.51 and a beta of 1.07.

CVR Partners (NYSE:UAN - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $3.67 earnings per share for the quarter. The business had revenue of $168.56 million during the quarter. CVR Partners had a net margin of 15.27% and a return on equity of 29.92%.

CVR Partners Dividend Announcement

The business also recently disclosed a dividend, which was paid on Monday, May 19th. Investors of record on Tuesday, May 13th were issued a $2.26 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a yield of 1,130.0%. CVR Partners's dividend payout ratio is presently 187.02%.

Institutional Investors Weigh In On CVR Partners

Several institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE grew 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 acquiring an additional 1,520 shares during the period. Raymond James Financial Inc. acquired a new position in CVR Partners during the fourth quarter worth about $233,000. Susquehanna Fundamental Investments LLC purchased a new stake in shares of CVR Partners during the fourth quarter valued at $480,000. Stifel Financial Corp purchased a new stake in shares of CVR Partners during the fourth quarter valued at $227,000. Finally, De Lisle Partners LLP boosted its position 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 valued at $3,805,000 after purchasing an additional 4,916 shares during the period. 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.