CVR Partners (NYSE:UAN) Share Price Crosses Above 200-Day Moving Average – Here’s Why

CVR Partners, LP (NYSE:UAN)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $73.92 and traded as high as $77.99. CVR Partners shares last traded at $74.57, with a volume of 33,087 shares traded.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st.

CVR Partners Price Performance

The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 1.94. The stock has a fifty day simple moving average of $78.94 and a two-hundred day simple moving average of $73.92. The company has a market cap of $1.28 billion, a PE ratio of 12.95 and a beta of 1.23.

CVR Partners (NYSE:UAN) last posted its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share for the quarter. The firm had revenue of $139.56 million for the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%.

CVR Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 9.39%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from CVR Partners’s previous quarterly dividend of $1.19. CVR Partners’s dividend payout ratio (DPR) is currently 121.53%.

Insider Activity at CVR Partners

In other news, major shareholder Carl C. Icahn purchased 921 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average price of $74.92 per share, for a total transaction of $69,001.32. Following the acquisition, the insider now directly owns 169,654 shares in the company, valued at approximately $12,710,477.68. The trade was a 0.55 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders purchased 30,133 shares of company stock worth $2,245,547 over the last 90 days.

Institutional Trading of CVR Partners

Institutional investors have recently bought and sold shares of the company. Icahn Carl C raised its stake in shares of CVR Partners by 4.5% during the 4th 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 during the last quarter. Rangeley Capital LLC acquired a new position in CVR Partners during the fourth quarter worth about $1,823,000. De Lisle Partners LLP lifted its holdings in shares of CVR Partners by 18.1% in the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock valued at $3,071,000 after purchasing an additional 7,000 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in shares of CVR Partners in the fourth quarter valued at about $480,000. Finally, Apollon Wealth Management LLC acquired a new stake in shares of CVR Partners in the third quarter valued at approximately $244,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

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.