CVR Partners (NYSE:UAN) Reaches New 52-Week High – Still a Buy?

CVR Partners, LP (NYSE:UAN)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $100.89 and last traded at $99.4850, with a volume of 29820 shares trading hands. The stock had previously closed at $99.17.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “buy (b-)” rating on shares of CVR Partners in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy”.

CVR Partners Price Performance

The stock’s fifty day moving average price is $92.61 and its two-hundred day moving average price is $89.29. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 8.25 and a beta of 1.03. The company has a current ratio of 3.45, a quick ratio of 2.40 and a debt-to-equity ratio of 1.80.

CVR Partners (NYSE:UAN) last issued its earnings results on Wednesday, October 29th. The basic materials company reported $4.08 EPS for the quarter. The firm had revenue of $163.55 million during the quarter. CVR Partners had a net margin of 20.70% and a return on equity of 41.88%.

CVR Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 17th. Stockholders of record on Monday, November 10th will be given a dividend of $4.02 per share. The ex-dividend date of this dividend is Monday, November 10th. This represents a $16.08 annualized dividend and a dividend yield of 16.2%. This is an increase from CVR Partners’s previous quarterly dividend of $3.89. CVR Partners’s payout ratio is currently 133.55%.

Institutional Investors Weigh In On CVR Partners

Several institutional investors have recently added to or reduced their stakes in UAN. Root Financial Partners LLC purchased a new position in CVR Partners in the third quarter valued at approximately $54,000. State of Wyoming boosted its holdings in shares of CVR Partners by 41.9% in the 3rd quarter. State of Wyoming now owns 2,054 shares of the basic materials company’s stock valued at $185,000 after buying an additional 607 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of CVR Partners by 86.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 1,630 shares of the basic materials company’s stock valued at $147,000 after buying an additional 755 shares during the last quarter. De Lisle Partners LLP raised its stake in CVR Partners by 1.6% during the 2nd quarter. De Lisle Partners LLP now owns 51,433 shares of the basic materials company’s stock worth $4,569,000 after acquiring an additional 800 shares in the last quarter. Finally, Apollon Wealth Management LLC lifted its position in CVR Partners by 11.0% in the third quarter. Apollon Wealth Management LLC now owns 8,193 shares of the basic materials company’s stock valued at $738,000 after acquiring an additional 813 shares during the last quarter. 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.