CVR Partners (NYSE:UAN) Upgraded by StockNews.com to Buy

CVR Partners (NYSE:UAN) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.

CVR Partners Stock Performance

Shares of NYSE UAN traded up $0.98 during midday trading on Friday, hitting $70.91. 26,859 shares of the company’s stock were exchanged, compared to its average volume of 36,571. CVR Partners has a twelve month low of $60.50 and a twelve month high of $88.94. The stock’s 50 day moving average price is $75.44 and its 200-day moving average price is $75.95. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.73 and a current ratio of 3.09.

CVR Partners (NYSE:UAN) last announced its quarterly earnings results on Monday, July 29th. The basic materials company reported $2.48 earnings per share (EPS) for the quarter. The company had revenue of $132.90 million during the quarter. CVR Partners had a return on equity of 16.32% and a net margin of 9.29%.

Institutional Trading of CVR Partners

Several institutional investors have recently modified their holdings of UAN. Independent Advisor Alliance raised its position in CVR Partners by 8.8% in the fourth quarter. Independent Advisor Alliance now owns 17,071 shares of the basic materials company’s stock worth $1,118,000 after acquiring an additional 1,377 shares in the last quarter. Jump Financial LLC raised its holdings in shares of CVR Partners by 76.4% in the 4th quarter. Jump Financial LLC now owns 8,210 shares of the basic materials company’s stock worth $538,000 after purchasing an additional 3,556 shares in the last quarter. Aristides Capital LLC bought a new stake in shares of CVR Partners in the 4th quarter worth approximately $256,000. SG Americas Securities LLC bought a new stake in shares of CVR Partners in the 1st quarter worth approximately $820,000. Finally, Oxbow Advisors LLC bought a new stake in shares of CVR Partners in the 2nd quarter worth approximately $212,000. Institutional investors and hedge funds 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.