CVR Partners (NYSE:UAN) Upgraded at StockNews.com

StockNews.com upgraded shares of CVR Partners (NYSE:UAN) from a hold rating to a buy rating in a report published on Thursday.

CVR Partners Stock Down 0.2 %

Shares of NYSE:UAN opened at $73.85 on Thursday. The firm has a market cap of $1.26 billion, a P/E ratio of 15.78 and a beta of 1.27. CVR Partners has a 12-month low of $60.50 and a 12-month high of $88.94. The business has a fifty day simple moving average of $69.31 and a 200 day simple moving average of $75.38. The company has a quick ratio of 1.73, a current ratio of 3.09 and a debt-to-equity ratio of 1.80.

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

CVR Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were given a dividend of $1.90 per share. This represents a $7.60 annualized dividend and a dividend yield of 10.29%. The ex-dividend date of this dividend was Monday, August 12th. CVR Partners’s dividend payout ratio (DPR) is presently 162.39%.

Hedge Funds Weigh In On CVR Partners

Several hedge funds and other institutional investors have recently bought and sold shares of UAN. SG Americas Securities LLC bought a new position in shares of CVR Partners in the 1st quarter worth about $820,000. Virtu Financial LLC acquired a new stake in CVR Partners during the first quarter worth approximately $506,000. Oxbow Advisors LLC acquired a new stake in CVR Partners during the second quarter worth approximately $212,000. Founders Financial Alliance LLC increased its holdings 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 purchasing an additional 1,400 shares in the last quarter. Finally, Exchange Traded Concepts LLC acquired a new position in CVR Partners in the third quarter valued at approximately $293,000. 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.