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

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

CVR Partners Price Performance

NYSE UAN opened at $79.78 on Friday. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 13.85 and a beta of 1.35. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.10 and a quick ratio of 1.44. The stock’s fifty day moving average price is $78.62 and its 200 day moving average price is $73.58. CVR Partners has a 1 year low of $61.62 and a 1 year high of $88.94.

CVR Partners (NYSE:UAN) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, March 3rd will be issued a $1.75 dividend. This is an increase from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 annualized dividend and a dividend yield of 8.77%. The ex-dividend date of this dividend is Monday, March 3rd. CVR Partners’s dividend payout ratio is 82.64%.

Insider Transactions at CVR Partners

In related news, major shareholder Carl C. Icahn acquired 6,236 shares of the firm’s stock in a transaction dated Monday, December 23rd. The stock was acquired at an average price of $74.36 per share, with a total value of $463,708.96. Following the acquisition, the insider now directly owns 168,693 shares in the company, valued at $12,544,011.48. This represents a 3.84 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have acquired 23,855 shares of company stock worth $1,777,923 over the last 90 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of UAN. McIlrath & Eck LLC acquired a new stake in shares of CVR Partners during the 3rd quarter worth approximately $51,000. Oxbow Advisors LLC boosted its holdings in 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 buying an additional 295 shares in the last quarter. Summit Securities Group LLC grew its position in 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 valued at $220,000 after buying an additional 1,600 shares during the period. Virtu Financial LLC purchased a new position in CVR Partners in the fourth quarter valued at $226,000. Finally, Stifel Financial Corp acquired a new position in shares of CVR Partners in the fourth quarter worth about $227,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

About CVR Partners

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.