CVR Partners (NYSE:UAN) Upgraded at StockNews.com

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

CVR Partners Stock Performance

Shares of UAN stock opened at $79.23 on Wednesday. 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 firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 13.76 and a beta of 0.89. CVR Partners has a one year low of $62.94 and a one year high of $88.94. The company has a 50 day moving average price of $74.67 and a 200 day moving average price of $75.50.

CVR Partners (NYSE:UAN) last issued its earnings results on Monday, April 28th. The basic materials company reported $2.56 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 $142.87 million for the quarter.

CVR Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were given a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 8.84%. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from CVR Partners’s previous quarterly dividend of $1.19. CVR Partners’s dividend payout ratio is 126.79%.

Insider Buying and Selling at CVR Partners

In other CVR Partners news, major shareholder Carl C. Icahn bought 3,746 shares of the business’s stock in a transaction dated Monday, March 3rd. The shares were acquired at an average price of $74.97 per share, with a total value of $280,837.62. Following the purchase, the insider now owns 177,938 shares in the company, valued at approximately $13,340,011.86. The trade was a 2.15 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired a total of 51,742 shares of company stock valued at $3,739,884 over the last ninety days.

Institutional Trading of CVR Partners

A number of institutional investors have recently added to or reduced their stakes in the business. Apollon Wealth Management LLC lifted its stake in shares of CVR Partners by 46.4% during the first quarter. Apollon Wealth Management LLC now owns 6,286 shares of the basic materials company’s stock worth $473,000 after purchasing an additional 1,991 shares in the last quarter. Novem Group lifted its position in CVR Partners by 25.0% during the 1st quarter. Novem Group now owns 4,000 shares of the basic materials company’s stock worth $301,000 after acquiring an additional 800 shares in the last quarter. Chancellor Financial Group WB LP purchased a new position in CVR Partners in the 4th quarter worth approximately $209,000. McIlrath & Eck LLC boosted its holdings in CVR Partners by 137.2% in the 4th quarter. McIlrath & Eck LLC now owns 1,803 shares of the basic materials company’s stock worth $137,000 after acquiring an additional 1,043 shares during the period. Finally, Bank of America Corp DE grew its position in CVR Partners by 13.4% in the fourth quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company’s stock valued at $975,000 after acquiring an additional 1,520 shares in the last quarter. 43.83% of the stock is 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.