CVR Partners (NYSE:UAN) Downgraded by StockNews.com

StockNews.com downgraded shares of CVR Partners (NYSE:UAN) from a buy rating to a hold rating in a research report report published on Monday morning.

CVR Partners Stock Down 1.8 %

Shares of NYSE UAN opened at $64.61 on Monday. CVR Partners has a 52-week low of $60.50 and a 52-week high of $88.94. The business has a 50-day moving average price of $73.82 and a 200 day moving average price of $75.69. The company has a quick ratio of 1.73, a current ratio of 3.09 and a debt-to-equity ratio of 1.80. The stock has a market cap of $682.93 million, a PE ratio of 8.22 and a beta of 1.27.

CVR Partners (NYSE:UAN) last released its quarterly earnings data on Monday, July 29th. The basic materials company reported $2.48 earnings per share for the quarter. The firm 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%.

CVR Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were issued a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a yield of 11.76%. The ex-dividend date was Monday, August 12th. CVR Partners’s payout ratio is currently 96.69%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in UAN. SG Americas Securities LLC purchased a new stake in shares of CVR Partners during the first quarter worth about $820,000. Virtu Financial LLC acquired a new position in CVR Partners in the first quarter valued at approximately $506,000. Aristides Capital LLC acquired a new position in CVR Partners in the fourth quarter valued at approximately $256,000. Jump Financial LLC increased its position in CVR Partners by 76.4% in the 4th quarter. Jump Financial LLC now owns 8,210 shares of the basic materials company’s stock valued at $538,000 after acquiring an additional 3,556 shares during the period. Finally, Oxbow Advisors LLC acquired a new stake in CVR Partners in the second quarter worth about $212,000. 43.83% of the stock is owned by hedge funds and other 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.