CVR Partners (NYSE:UAN - Get Free Report) was upgraded by research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued to investors on Tuesday.
CVR Partners Price Performance
UAN stock traded up $0.06 during mid-day trading on Tuesday, hitting $77.33. The company had a trading volume of 49,741 shares, compared to its average volume of 36,055. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 15.55 and a beta of 1.35. The company has a 50-day moving average price of $71.61 and a 200 day moving average price of $73.32. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91. CVR Partners has a 12-month low of $60.50 and a 12-month high of $88.94.
Insiders Place Their Bets
In other CVR Partners news, major shareholder Carl C. Icahn acquired 23,910 shares of the company's stock in a transaction on Friday, November 8th. The stock was 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 directly owns 55,552 shares of the company's stock, valued at approximately $3,819,755.52. This represents a 75.56 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have bought a total of 64,792 shares of company stock valued at $4,551,843 in the last quarter.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Oxbow Advisors LLC raised its position in CVR Partners by 10.5% during the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company's stock valued at $208,000 after purchasing an additional 295 shares during the period. McIlrath & Eck LLC purchased a new stake in CVR Partners during the 3rd quarter valued at $51,000. GSA Capital Partners LLP lifted its position in CVR Partners by 12.8% in the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company's stock worth $702,000 after buying an additional 1,187 shares during the last quarter. Founders Financial Alliance LLC lifted its position in CVR Partners by 9.0% in the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company's stock worth $1,279,000 after buying an additional 1,400 shares during the last quarter. Finally, Apollon Wealth Management LLC purchased a new position in CVR Partners during the third quarter worth $244,000. Institutional investors own 43.83% of the company's stock.
CVR Partners Company Profile
(
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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.
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