CVR Partners (NYSE:UAN) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

CVR Partners, LP (NYSE:UAN)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred 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 changing hands.

Wall Street Analysts Forecast Growth

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

CVR Partners Trading Down 0.0 %

The company has a market capitalization of $1.28 billion, a P/E ratio of 12.99 and a beta of 1.24. The company has a 50-day simple moving average of $78.91 and a 200 day simple moving average of $73.98. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10.

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

CVR Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were paid a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 9.36%. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. The ex-dividend date was Monday, March 3rd. CVR Partners’s dividend payout ratio is presently 121.53%.

Insider Activity

In related news, major shareholder Carl C. Icahn bought 2,518 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was acquired at an average price of $74.97 per share, for a total transaction of $188,774.46. Following the transaction, the insider now directly owns 147,213 shares of the company’s stock, valued at $11,036,558.61. This represents a 1.74 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders acquired 30,133 shares of company stock worth $2,245,547.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. McIlrath & Eck LLC acquired a new position in CVR Partners during the 3rd quarter worth $51,000. Summit Securities Group LLC raised its position in shares of CVR Partners by 123.1% during the fourth quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock worth $220,000 after acquiring an additional 1,600 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of CVR Partners during the fourth quarter valued at $226,000. Stifel Financial Corp bought a new position in CVR Partners in the fourth quarter valued at about $227,000. Finally, Raymond James Financial Inc. acquired a new stake in CVR Partners in the fourth quarter worth about $233,000. 43.83% of the stock is owned by 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.