CVR Partners (NYSE:UAN) Upgraded by StockNews.com to “Buy”

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

CVR Partners Stock Down 0.5 %

UAN stock opened at $73.91 on Wednesday. The firm has a 50-day simple moving average of $79.85 and a two-hundred day simple moving average of $73.64. CVR Partners has a one year low of $60.50 and a one year high of $94.38. The company has a debt-to-equity ratio of 1.84, a current ratio of 2.29 and a quick ratio of 1.38.

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

CVR Partners Increases Dividend

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

Hedge Funds Weigh In On CVR Partners

Several hedge funds and other institutional investors have recently bought and sold shares of UAN. Tucker Asset Management LLC acquired a new stake in shares of CVR Partners during the 3rd quarter worth approximately $123,000. Aristides Capital LLC acquired a new stake in shares of CVR Partners during the 4th quarter worth approximately $256,000. Parkside Financial Bank & Trust acquired a new stake in shares of CVR Partners during the 4th quarter worth approximately $458,000. Virtu Financial LLC acquired a new stake in shares of CVR Partners during the 1st quarter worth approximately $506,000. Finally, Jump Financial LLC grew its stake in shares of CVR Partners by 76.4% during the 4th 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 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.