CVR Partners (NYSE:UAN) Shares Cross Above 200 Day Moving Average of $73.06

CVR Partners, LP (NYSE:UAN) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $73.06 and traded as high as $80.74. CVR Partners shares last traded at $79.26, with a volume of 19,699 shares.

Analyst Ratings Changes

Separately, StockNews.com downgraded CVR Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th.

CVR Partners Stock Performance

The company has a current ratio of 2.20, a quick ratio of 1.28 and a debt-to-equity ratio of 1.81. The firm has a market cap of $853.50 million, a price-to-earnings ratio of 4.86 and a beta of 1.29. The stock has a fifty day moving average price of $72.20 and a 200 day moving average price of $73.06.

CVR Partners (NYSE:UAN) last issued its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.94 EPS for the quarter. The business had revenue of $141.62 million for the quarter. CVR Partners had a return on equity of 50.45% and a net margin of 25.30%.

CVR Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 11th. Stockholders of record on Monday, March 4th were issued a dividend of $1.68 per share. This is a positive change from CVR Partners’s previous quarterly dividend of $1.55. The ex-dividend date was Friday, March 1st. This represents a $6.72 dividend on an annualized basis and a dividend yield of 8.48%. CVR Partners’s dividend payout ratio is currently 41.20%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in UAN. Coppell Advisory Solutions LLC acquired a new stake in CVR Partners in the 2nd quarter valued at approximately $28,000. Harbour Investments Inc. grew its holdings in CVR Partners by 189.3% in the 3rd quarter. Harbour Investments Inc. now owns 379 shares of the basic materials company’s stock valued at $31,000 after buying an additional 248 shares during the last quarter. Advisory Services Network LLC grew its holdings in CVR Partners by 508.5% in the 1st quarter. Advisory Services Network LLC now owns 359 shares of the basic materials company’s stock valued at $32,000 after buying an additional 300 shares during the last quarter. Citigroup Inc. acquired a new stake in CVR Partners in the 1st quarter valued at approximately $55,000. Finally, Advisor Group Holdings Inc. grew its holdings in CVR Partners by 707.7% in the 1st quarter. Advisor Group Holdings Inc. now owns 420 shares of the basic materials company’s stock valued at $58,000 after buying an additional 368 shares during the last quarter. Institutional investors and hedge funds own 43.83% of the company’s stock.

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.