CVR Partners (NYSE:UAN) Stock Crosses Above Two Hundred Day Moving Average of $72.93

CVR Partners, LP (NYSE:UAN) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $72.93 and traded as high as $77.03. CVR Partners shares last traded at $75.59, with a volume of 10,438 shares trading hands.

Wall Street Analysts Forecast Growth

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

CVR Partners Price Performance

The stock has a market cap of $801.71 million, a P/E ratio of 4.70 and a beta of 1.29. The company has a 50 day simple moving average of $72.98 and a 200 day simple moving average of $72.89. The company has a current ratio of 2.20, a quick ratio of 1.28 and a debt-to-equity ratio of 1.81.

CVR Partners (NYSE:UAN) last released its earnings results on Tuesday, February 20th. The basic materials company reported $0.94 EPS for the quarter. The firm 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 paid a dividend of $1.68 per share. The ex-dividend date of this dividend was Friday, March 1st. This represents a $6.72 dividend on an annualized basis and a dividend yield of 8.78%. This is a boost from CVR Partners’s previous quarterly dividend of $1.55. CVR Partners’s dividend payout ratio is currently 41.20%.

Institutional Investors Weigh In On CVR Partners

Institutional investors and hedge funds have recently made changes to their positions in the stock. Coppell Advisory Solutions LLC bought a new stake in shares of CVR Partners during the 2nd quarter worth approximately $28,000. Harbour Investments Inc. raised its stake 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 acquiring an additional 248 shares during the period. Advisory Services Network LLC raised its stake 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 acquiring an additional 300 shares during the period. Citigroup Inc. bought a new stake in CVR Partners in the 1st quarter valued at $55,000. Finally, Advisor Group Holdings Inc. raised its stake 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 acquiring an additional 368 shares during the period. Institutional investors 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.