CVR Partners (NYSE:UAN) Reaches New 1-Year High – Here’s Why

CVR Partners, LP (NYSE:UAN)’s stock 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 changing hands. The stock had previously closed at $83.87.

Analyst Upgrades and Downgrades

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

CVR Partners Stock Up 3.5%

The business has a 50-day moving average price of $79.26 and a 200-day moving average price of $78.01. The stock has a market cap of $1.49 billion, a PE ratio of 15.06 and a beta of 1.10. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 1.94.

CVR Partners (NYSE:UAN) last issued its quarterly earnings results on Monday, April 28th. The basic materials company reported $2.56 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 Dividend Announcement

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

Insider Buying and Selling

In other CVR Partners news, major shareholder Carl C. Icahn acquired 2,640 shares of the stock in a transaction dated Friday, March 28th. The stock was acquired at an average price of $74.96 per share, with a total value of $197,894.40. Following the completion of the purchase, the insider now owns 204,336 shares in the company, valued at $15,317,026.56. This trade represents a 1.31% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders purchased 38,243 shares of company stock valued at $2,733,035. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On CVR Partners

A number of hedge funds have recently added to or reduced their stakes in UAN. Icahn Carl C boosted its holdings in shares of CVR Partners by 4.5% in the 4th quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company’s stock valued at $308,868,000 after buying an additional 174,192 shares in the last quarter. Rangeley Capital LLC acquired a new position in CVR Partners in the fourth quarter valued at $1,823,000. Jane Street Group LLC acquired a new stake in shares of CVR Partners during the first quarter worth about $1,595,000. PEAK6 LLC purchased a new stake in shares of CVR Partners in the 1st quarter valued at about $573,000. Finally, Susquehanna Fundamental Investments LLC acquired a new stake in shares of CVR Partners in the 4th quarter valued at about $480,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

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.