StockNews.com Lowers CVR Partners (NYSE:UAN) to Hold

StockNews.com lowered shares of CVR Partners (NYSE:UAN) from a buy rating to a hold rating in a research note published on Thursday morning.

CVR Partners Trading Down 0.1 %

Shares of UAN stock opened at $75.66 on Thursday. The firm has a 50 day moving average price of $79.61 and a two-hundred day moving average price of $74.13. The company has a quick ratio of 1.38, a current ratio of 2.29 and a debt-to-equity ratio of 1.84. The company has a market capitalization of $799.73 million, a PE ratio of 9.63 and a beta of 1.32. CVR Partners has a 12-month low of $60.50 and a 12-month high of $94.38.

CVR Partners (NYSE:UAN) last announced its earnings results on Monday, April 29th. The basic materials company reported $1.19 EPS for the quarter. CVR Partners had a net margin of 14.26% and a return on equity of 26.35%. The company had revenue of $127.67 million for the quarter.

CVR Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, May 20th. Shareholders of record on Monday, May 13th were paid a dividend of $1.92 per share. This represents a $7.68 dividend on an annualized basis and a dividend yield of 10.15%. The ex-dividend date was Friday, May 10th. This is a boost from CVR Partners’s previous quarterly dividend of $1.68. CVR Partners’s payout ratio is presently 97.71%.

Institutional Trading of CVR Partners

A number of hedge funds and other institutional investors have recently modified their holdings of UAN. Tucker Asset Management LLC bought a new stake in shares of CVR Partners during the third quarter worth $123,000. Aristides Capital LLC acquired a new position in shares of CVR Partners during the fourth quarter worth $256,000. Parkside Financial Bank & Trust acquired a new position in shares of CVR Partners during the fourth quarter worth $458,000. Virtu Financial LLC acquired a new position in shares of CVR Partners during the first quarter worth $506,000. Finally, Jump Financial LLC lifted its holdings in shares of CVR Partners by 76.4% during the fourth 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 during the period. Institutional investors 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.