StockNews.com Upgrades CVR Partners (NYSE:UAN) to “Strong-Buy”

CVR Partners (NYSE:UAN) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “strong-buy” rating in a research report issued on Wednesday.

CVR Partners Price Performance

NYSE UAN traded down $5.20 during midday trading on Wednesday, hitting $64.96. The company had a trading volume of 114,078 shares, compared to its average volume of 34,399. The company has a current ratio of 3.09, a quick ratio of 1.73 and a debt-to-equity ratio of 1.80. CVR Partners has a twelve month low of $60.50 and a twelve month high of $88.94. The company has a market capitalization of $1.11 billion, a PE ratio of 13.88 and a beta of 1.27. The firm has a 50-day moving average price of $69.23 and a 200-day moving average price of $74.89.

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

Institutional Investors Weigh In On CVR Partners

A number of institutional investors have recently made changes to their positions in UAN. Founders Financial Alliance LLC grew its stake in CVR Partners by 9.0% in the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after acquiring an additional 1,400 shares during the period. Oxbow Advisors LLC bought a new stake in shares of CVR Partners during the second quarter worth about $212,000. Exchange Traded Concepts LLC acquired a new stake in shares of CVR Partners in the 3rd quarter worth about $293,000. Virtu Financial LLC bought a new position in CVR Partners in the 1st quarter valued at about $506,000. Finally, SG Americas Securities LLC bought a new position in shares of CVR Partners in the first quarter valued at approximately $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.