CVR Partners (NYSE:UAN) Stock Rating Lowered by StockNews.com

CVR Partners (NYSE:UAN) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

CVR Partners Price Performance

NYSE UAN opened at $79.78 on Friday. The firm’s fifty day simple moving average is $78.62 and its two-hundred day simple moving average is $73.58. 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 has a 12-month low of $61.62 and a 12-month high of $88.94. The firm has a market capitalization of $1.37 billion, a P/E ratio of 13.85 and a beta of 1.35.

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. The firm had revenue of $139.56 million for the quarter. CVR Partners had a net margin of 11.59% and a return on equity of 20.61%.

Insider Buying and Selling at CVR Partners

In other CVR Partners news, major shareholder Carl C. Icahn purchased 2,518 shares of the stock in a transaction on Monday, December 16th. The shares were bought at an average cost of $74.97 per share, with a total value of $188,774.46. Following the completion of the acquisition, the insider now owns 147,213 shares in the company, valued at $11,036,558.61. This trade represents a 1.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last three months, insiders have acquired 23,855 shares of company stock valued at $1,777,923.

Institutional Investors Weigh In On CVR Partners

Hedge funds have recently added to or reduced their stakes in the business. Oxbow Advisors LLC raised its position in shares of CVR Partners by 10.5% in the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock worth $208,000 after acquiring an additional 295 shares during the period. Apollon Wealth Management LLC raised its position in shares of CVR Partners by 18.4% in the fourth quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company’s stock worth $326,000 after acquiring an additional 667 shares during the period. McIlrath & Eck LLC acquired a new position in shares of CVR Partners in the third quarter worth about $51,000. GSA Capital Partners LLP raised its position in shares of CVR Partners by 12.8% during the 3rd quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after purchasing an additional 1,187 shares during the last quarter. Finally, Bank of America Corp DE raised its position in shares of CVR Partners by 13.4% during the 4th quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company’s stock worth $975,000 after purchasing an additional 1,520 shares during the last quarter. 43.83% of the stock is owned by hedge funds and other institutional investors.

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.