CVR Partners (NYSE:UAN) Lowered to “Buy” Rating by StockNews.com

StockNews.com downgraded shares of CVR Partners (NYSE:UAN) from a strong-buy rating to a buy rating in a research note issued to investors on Wednesday.

CVR Partners Trading Down 1.4 %

Shares of UAN opened at $74.07 on Wednesday. CVR Partners has a 1 year low of $61.62 and a 1 year high of $88.94. The company has a 50 day simple moving average of $72.45 and a two-hundred day simple moving average of $73.06. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. The firm has a market cap of $1.27 billion, a P/E ratio of 14.90 and a beta of 1.35.

CVR Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $1.19 per share. The ex-dividend date was Friday, November 8th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.43%. CVR Partners’s dividend payout ratio is currently 95.77%.

Insiders Place Their Bets

In other news, major shareholder Carl C. Icahn acquired 2,518 shares of the business’s stock in a transaction on Monday, December 16th. The shares were acquired at an average price of $74.97 per share, for a total transaction of $188,774.46. Following the completion of the transaction, the insider now directly owns 147,213 shares of the company’s stock, valued at approximately $11,036,558.61. The trade was a 1.74 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 70,161 shares of company stock valued at $4,953,986 over the last ninety days.

Hedge Funds Weigh In On CVR Partners

Several hedge funds have recently added to or reduced their stakes in UAN. McIlrath & Eck LLC bought a new position in shares of CVR Partners during the third quarter valued at approximately $51,000. Oxbow Advisors LLC grew its holdings 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 purchasing an additional 295 shares during the last quarter. Apollon Wealth Management LLC bought a new stake in CVR Partners during the 3rd quarter valued at about $244,000. Exchange Traded Concepts LLC purchased a new stake in CVR Partners in the 3rd quarter valued at about $293,000. Finally, GSA Capital Partners LLP increased its position in shares of CVR Partners by 12.8% during the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after acquiring an additional 1,187 shares during the period. 43.83% of the stock is currently owned by 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.