CVR Partners (NYSE:UAN) Raised to “Buy” at StockNews.com

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

CVR Partners Stock Performance

UAN stock opened at $73.91 on Wednesday. The business has a 50 day moving average price of $79.85 and a 200 day moving average price of $73.64. CVR Partners has a fifty-two week low of $60.50 and a fifty-two week high of $94.38. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.38 and a current ratio of 2.29.

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

CVR Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were paid a dividend of $1.92 per share. This is a boost from CVR Partners’s previous quarterly dividend of $1.68. The ex-dividend date of this dividend was Friday, May 10th. This represents a $7.68 annualized dividend and a yield of 10.39%. CVR Partners’s payout ratio is presently 97.71%.

Institutional Investors Weigh In On CVR Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in CVR Partners in the first quarter valued at approximately $506,000. SG Americas Securities LLC purchased a new stake in CVR Partners in the first quarter valued at approximately $820,000. Aristides Capital LLC purchased a new stake in CVR Partners in the fourth quarter valued at approximately $256,000. Independent Advisor Alliance lifted its stake in CVR Partners by 8.8% in the fourth quarter. Independent Advisor Alliance now owns 17,071 shares of the basic materials company’s stock valued at $1,118,000 after buying an additional 1,377 shares during the last quarter. Finally, Jump Financial LLC lifted its stake 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 buying an additional 3,556 shares during the last quarter. Hedge funds and other 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.