CVR Partners (NYSE:UAN) Stock Price Passes Above 200 Day Moving Average – What’s Next?

CVR Partners, LP (NYSE:UAN)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $73.72 and traded as high as $78.34. CVR Partners shares last traded at $77.89, with a volume of 19,607 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 note on Friday, February 21st.

CVR Partners Stock Up 1.4 %

The firm has a 50 day simple moving average of $79.04 and a two-hundred day simple moving average of $73.79. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10. The stock has a market cap of $1.33 billion, a P/E ratio of 13.52 and a beta of 1.35.

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 20.61% and a net margin of 11.59%. The company had revenue of $139.56 million for the quarter.

CVR Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, March 3rd will be given a dividend of $1.75 per share. The ex-dividend date is Monday, March 3rd. This is a boost from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 annualized dividend and a dividend yield of 8.99%. CVR Partners’s dividend payout ratio (DPR) is 121.53%.

Insider Activity

In related news, major shareholder Carl C. Icahn bought 2,851 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $74.84 per share, for a total transaction of $213,368.84. Following the acquisition, the insider now directly owns 144,695 shares of the company’s stock, valued at $10,828,973.80. The trade was a 2.01 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. In the last ninety days, insiders have bought 23,855 shares of company stock worth $1,777,923.

Hedge Funds Weigh In On CVR Partners

A number of hedge funds have recently modified their holdings of the stock. Icahn Carl C grew its holdings in shares of CVR Partners by 4.5% in the 4th quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company’s stock worth $308,868,000 after acquiring an additional 174,192 shares during the last quarter. De Lisle Partners LLP grew its holdings in shares of CVR Partners by 18.1% in the 3rd quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock worth $3,071,000 after acquiring an additional 7,000 shares during the last quarter. Rangeley Capital LLC acquired a new position in shares of CVR Partners in the 4th quarter worth $1,823,000. Bank of America Corp DE grew its holdings in shares of CVR Partners by 13.4% in the 4th 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 during the last quarter. Finally, GSA Capital Partners LLP grew its holdings in shares of CVR Partners by 12.8% in the 3rd 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 during the last quarter. 43.83% of the stock is currently owned by institutional investors and hedge funds.

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.