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

StockNews.com cut shares of CVR Partners (NYSE:UANGet Rating) from a strong-buy rating to a buy rating in a report issued on Tuesday.

CVR Partners Stock Up 2.9 %

Shares of CVR Partners stock opened at $122.17 on Tuesday. The stock has a market capitalization of $1.29 billion, a P/E ratio of 4.22 and a beta of 1.58. The company has a quick ratio of 1.09, a current ratio of 2.96 and a debt-to-equity ratio of 1.19. The stock has a 50 day moving average price of $107.86 and a two-hundred day moving average price of $119.26. CVR Partners has a 12-month low of $51.00 and a 12-month high of $179.74.

CVR Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 22nd. Shareholders of record on Friday, August 12th will be given a dividend of $10.05 per share. The ex-dividend date is Thursday, August 11th. This represents a $40.20 dividend on an annualized basis and a yield of 32.90%. This is a boost from CVR Partners’s previous quarterly dividend of $2.26. CVR Partners’s dividend payout ratio is presently 31.24%.

Institutional Investors Weigh In On CVR Partners

Large investors have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. bought a new stake in CVR Partners during the first quarter worth approximately $32,000. Selective Wealth Management Inc. bought a new stake in shares of CVR Partners in the first quarter valued at approximately $48,000. Citigroup Inc. bought a new stake in shares of CVR Partners in the first quarter valued at approximately $55,000. Advisor Group Holdings Inc. raised its stake in shares of CVR Partners by 707.7% in the first quarter. Advisor Group Holdings Inc. now owns 420 shares of the basic materials company’s stock valued at $58,000 after purchasing an additional 368 shares in the last quarter. Finally, Hood River Capital Management LLC raised its stake in shares of CVR Partners by 21.2% in the first quarter. Hood River Capital Management LLC now owns 509 shares of the basic materials company’s stock valued at $70,000 after purchasing an additional 89 shares in the last quarter. Institutional investors own 21.33% of the company’s stock.

About CVR Partners

(Get Rating)

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 and ammonium nitrate products to agricultural customers, as well as retailers and distributors.

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