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

StockNews.com downgraded shares of CVR Partners (NYSE:UAN) from a strong-buy rating to a buy rating in a research note issued to investors on Friday morning.

CVR Partners Price Performance

Shares of NYSE UAN opened at $79.78 on Friday. CVR Partners has a twelve month low of $61.62 and a twelve month high of $88.94. The stock’s 50 day moving average price is $78.62 and its 200-day moving average price is $73.58. The company has a market capitalization of $1.37 billion, a PE ratio of 13.85 and a beta of 1.35. The company has a quick ratio of 1.44, a current ratio of 2.10 and a debt-to-equity ratio of 1.94.

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

CVR Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Investors of record on Monday, March 3rd will be paid a $1.75 dividend. This is an increase from CVR Partners’s previous quarterly dividend of $1.19. The ex-dividend date is Monday, March 3rd. This represents a $7.00 annualized dividend and a yield of 8.77%. CVR Partners’s dividend payout ratio is presently 121.53%.

Insider Activity at CVR Partners

In related news, major shareholder Carl C. Icahn bought 2,518 shares of the company’s stock in a transaction on Monday, December 16th. The shares were purchased at an average price of $74.97 per share, for a total transaction of $188,774.46. Following the completion of the transaction, the insider now directly owns 147,213 shares in the company, valued at approximately $11,036,558.61. The trade was a 1.74 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders have bought 23,855 shares of company stock worth $1,777,923.

Institutional Investors Weigh In On CVR Partners

Several institutional investors have recently made changes to their positions in the stock. Oxbow Advisors LLC lifted its position in shares of CVR Partners by 10.5% during the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock worth $208,000 after acquiring an additional 295 shares in the last quarter. Apollon Wealth Management LLC lifted its position in shares of CVR Partners by 18.4% during the fourth quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company’s stock worth $326,000 after acquiring an additional 667 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in shares of CVR Partners during the third quarter worth $51,000. GSA Capital Partners LLP lifted its position in shares of CVR Partners by 12.8% during the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after acquiring an additional 1,187 shares in the last quarter. Finally, Bank of America Corp DE lifted its position in shares of CVR Partners by 13.4% during the fourth quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company’s stock worth $975,000 after acquiring an additional 1,520 shares in 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.