CVR Partners (NYSE:UAN) Reaches New 12-Month High – Here’s What Happened

CVR Partners, LP (NYSE:UAN)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $85.70 and last traded at $85.49, with a volume of 14230 shares. The stock had previously closed at $83.87.

Analysts Set New Price Targets

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

CVR Partners Stock Up 3.4%

The company has a market cap of $1.54 billion, a PE ratio of 12.60 and a beta of 1.10. 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 company’s fifty day moving average is $80.07 and its 200-day moving average is $78.13.

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

CVR Partners Announces Dividend

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

Insiders Place Their Bets

In other news, major shareholder Carl C. Icahn acquired 2,640 shares of CVR Partners stock in a transaction dated Friday, March 28th. The stock was purchased at an average cost of $74.96 per share, with a total value of $197,894.40. Following the completion of the purchase, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders purchased a total of 38,243 shares of company stock worth $2,733,035 over the last quarter. 0.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Icahn Carl C lifted its holdings 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 worth $308,868,000 after buying an additional 174,192 shares in the last quarter. Rangeley Capital LLC bought a new position in shares of CVR Partners during the 4th quarter valued at approximately $1,823,000. Jane Street Group LLC bought a new position in shares of CVR Partners during the 1st quarter valued at approximately $1,595,000. PEAK6 LLC purchased a new stake in CVR Partners during the 1st quarter valued at $573,000. Finally, Susquehanna Fundamental Investments LLC bought a new stake in CVR Partners in the fourth quarter worth $480,000. 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.