CVR Partners (NYSE:UAN) Stock Rating Lowered by StockNews.com

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

CVR Partners Stock Performance

Shares of UAN opened at $74.20 on Thursday. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.09 and a quick ratio of 1.38. The company’s 50 day simple moving average is $77.90 and its 200 day simple moving average is $75.78. CVR Partners has a 1 year low of $60.50 and a 1 year high of $91.82.

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

CVR Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Monday, August 12th will be given a $1.90 dividend. This represents a $7.60 annualized dividend and a dividend yield of 10.24%. The ex-dividend date is Monday, August 12th. CVR Partners’s payout ratio is currently 97.71%.

Institutional Investors Weigh In On CVR Partners

Large investors have recently made changes to their positions in the business. Independent Advisor Alliance increased its position in shares of CVR Partners by 8.8% in the fourth quarter. Independent Advisor Alliance now owns 17,071 shares of the basic materials company’s stock worth $1,118,000 after acquiring an additional 1,377 shares in the last quarter. Jump Financial LLC grew its holdings in CVR Partners by 76.4% during the 4th quarter. Jump Financial LLC now owns 8,210 shares of the basic materials company’s stock valued at $538,000 after purchasing an additional 3,556 shares in the last quarter. Parkside Financial Bank & Trust acquired a new stake in CVR Partners during the 4th quarter valued at $458,000. Aristides Capital LLC acquired a new stake in CVR Partners during the 4th quarter valued at $256,000. Finally, SG Americas Securities LLC acquired a new stake in CVR Partners during the 1st quarter valued at $820,000. Institutional investors and hedge funds 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.