CVR Partners (NYSE:UAN) Stock Rating Lowered 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 Wednesday morning.

CVR Partners Stock Down 0.6 %

UAN opened at $69.95 on Wednesday. CVR Partners has a fifty-two week low of $60.50 and a fifty-two week high of $88.94. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.73 and a current ratio of 3.09. The company has a market capitalization of $739.37 million, a P/E ratio of 8.90 and a beta of 1.27. The stock has a fifty day moving average of $72.39 and a 200-day moving average of $75.71.

CVR Partners (NYSE:UAN) last posted its earnings results on Monday, July 29th. The basic materials company reported $2.48 earnings per share 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 business also recently declared a quarterly dividend, which was paid on Monday, August 19th. Investors of record on Monday, August 12th were given a $1.90 dividend. This represents a $7.60 dividend on an annualized basis and a dividend yield of 10.86%. The ex-dividend date was Monday, August 12th. CVR Partners’s payout ratio is currently 96.69%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Oxbow Advisors LLC bought a new position in CVR Partners in the second quarter valued at about $212,000. Aristides Capital LLC bought a new position in CVR Partners in the fourth quarter valued at about $256,000. Virtu Financial LLC bought a new position in CVR Partners in the first quarter valued at about $506,000. Jump Financial LLC grew its position in CVR Partners by 76.4% in the fourth 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 last quarter. Finally, SG Americas Securities LLC bought a new position in CVR Partners in the first quarter valued at about $820,000. Institutional investors 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.