CVR Partners (NYSE:UAN) Shares Cross Above 200 Day Moving Average – What’s Next?

CVR Partners, LP (NYSE:UAN) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $74.20 and traded as high as $76.64. CVR Partners shares last traded at $76.25, with a volume of 49,686 shares trading hands.

Analysts Set New Price Targets

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

CVR Partners Trading Down 0.6 %

The firm has a market cap of $1.29 billion, a P/E ratio of 13.12 and a beta of 1.23. The stock has a 50 day simple moving average of $78.88 and a 200-day simple moving average of $74.24. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 1.94.

CVR Partners (NYSE:UAN) last released 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 net margin of 11.59% and a return on equity of 20.61%. The company had revenue of $139.56 million for the quarter.

CVR Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were given a $1.75 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.00 annualized dividend and a yield of 9.27%. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. CVR Partners’s dividend payout ratio (DPR) is currently 121.53%.

Insider Buying and Selling

In related news, major shareholder Carl C. Icahn acquired 921 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The stock was bought 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 of the company’s stock, valued at $12,710,477.68. This represents a 0.55 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders purchased a total of 23,496 shares of company stock worth $1,751,820 over the last three months.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of UAN. Icahn Carl C lifted 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 buying an additional 174,192 shares during the period. De Lisle Partners LLP grew its holdings in CVR Partners by 18.1% during 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 in the last quarter. Rangeley Capital LLC purchased a new position in CVR Partners during the 4th quarter valued at about $1,823,000. Bank of America Corp DE raised 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 valued at $975,000 after purchasing an additional 1,520 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC bought a new stake in shares of CVR Partners in the 4th quarter valued at about $480,000. 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.