CVR Partners (NYSE:UAN) Downgraded to “Buy” Rating by StockNews.com

CVR Partners (NYSE:UAN) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

CVR Partners Price Performance

NYSE:UAN opened at $81.22 on Friday. The stock has a 50 day moving average of $78.53 and a two-hundred day moving average of $73.54. CVR Partners has a 12 month low of $61.62 and a 12 month high of $88.94. The firm has a market cap of $1.39 billion, a P/E ratio of 14.10 and a beta of 1.35. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91.

CVR Partners (NYSE:UAN) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter. CVR Partners had a return on equity of 20.56% and a net margin of 11.59%. The firm had revenue of $139.56 million for the quarter.

Insider Buying and Selling at CVR Partners

In related news, major shareholder Carl C. Icahn acquired 6,236 shares of the stock in a transaction on Monday, December 23rd. The shares were bought at an average price of $74.36 per share, with a total value of $463,708.96. Following the completion of the purchase, the insider now owns 168,693 shares of the company’s stock, valued at approximately $12,544,011.48. This represents a 3.84 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders acquired 23,855 shares of company stock worth $1,777,923.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of UAN. Icahn Carl C increased 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 worth $308,868,000 after purchasing an additional 174,192 shares during the last quarter. De Lisle Partners LLP increased its holdings in shares of CVR Partners by 18.1% during the 3rd quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock worth $3,071,000 after buying an additional 7,000 shares during the last quarter. Rangeley Capital LLC acquired a new stake in shares of CVR Partners during the 4th quarter worth approximately $1,823,000. Bank of America Corp DE raised its position in shares of CVR Partners by 13.4% during the 4th quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company’s stock valued at $975,000 after buying an additional 1,520 shares during the period. Finally, GSA Capital Partners LLP lifted its holdings in CVR Partners by 12.8% in the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after acquiring an additional 1,187 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.