StockNews.com Upgrades CVR Partners (NYSE:UAN) to “Strong-Buy”

CVR Partners (NYSE:UAN) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Tuesday.

CVR Partners Trading Up 0.2 %

NYSE:UAN opened at $77.27 on Tuesday. The company has a market capitalization of $1.32 billion, a P/E ratio of 15.55 and a beta of 1.35. The stock’s 50 day moving average price is $71.61 and its 200 day moving average price is $73.32. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.44 and a current ratio of 2.15. CVR Partners has a 52 week low of $60.50 and a 52 week high of $88.94.

Insider Activity at CVR Partners

In related news, major shareholder Carl C. Icahn acquired 23,910 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average cost of $68.76 per share, with a total value of $1,644,051.60. Following the purchase, the insider now owns 55,552 shares of the company’s stock, valued at approximately $3,819,755.52. The trade was a 75.56 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders acquired 64,792 shares of company stock valued at $4,551,843.

Institutional Investors Weigh In On CVR Partners

A number of large investors have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC acquired a new stake in CVR Partners in the 3rd quarter valued at approximately $51,000. Oxbow Advisors LLC raised its stake in shares of CVR Partners by 10.5% in the 3rd quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock valued at $208,000 after buying an additional 295 shares in the last quarter. Apollon Wealth Management LLC acquired a new position in CVR Partners in the third quarter worth about $244,000. Exchange Traded Concepts LLC bought a new position in CVR Partners during the third quarter worth about $293,000. Finally, GSA Capital Partners LLP boosted its stake in 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 valued at $702,000 after buying an additional 1,187 shares in the last quarter. 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.