CVR Partners (NYSE:UAN) Stock Price Down 3.9% – What’s Next?

CVR Partners, LP (NYSE:UAN)’s share price dropped 3.9% on Monday . The company traded as low as $127.85 and last traded at $128.6770. 14,630 shares were traded during trading, a decline of 75% from the average daily volume of 59,207 shares. The stock had previously closed at $133.91.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of CVR Partners in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock currently has an average rating of “Buy”.

CVR Partners Trading Down 2.8%

The firm’s 50 day moving average is $125.58 and its 200 day moving average is $123.91. The company has a market cap of $1.38 billion, a PE ratio of 8.55 and a beta of 0.16. The company has a debt-to-equity ratio of 1.64, a current ratio of 3.01 and a quick ratio of 2.11.

CVR Partners (NYSE:UAN) last posted its earnings results on Wednesday, July 29th. The basic materials company reported $7.33 earnings per share (EPS) for the quarter. CVR Partners had a net margin of 23.67% and a return on equity of 51.56%. The business had revenue of $202.19 million for the quarter.

CVR Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Investors of record on Monday, August 10th were given a $6.08 dividend. This represents a $24.32 dividend on an annualized basis and a dividend yield of 18.7%. This is a boost from CVR Partners’s previous quarterly dividend of $4.00. The ex-dividend date was Monday, August 10th. CVR Partners’s dividend payout ratio (DPR) is 160.42%.

Hedge Funds Weigh In On CVR Partners

Several hedge funds and other institutional investors have recently added to or reduced their stakes in UAN. Aristides Capital LLC bought a new position in CVR Partners in the 4th quarter worth about $214,000. Webster Bank N. A. purchased a new position in shares of CVR Partners during the first quarter worth approximately $380,000. Bank of America Corp DE raised its position in CVR Partners by 219.8% in the 1st quarter. Bank of America Corp DE now owns 7,209 shares of the basic materials company’s stock worth $913,000 after purchasing an additional 4,955 shares during the period. Royal Bank of Canada lifted its stake in shares of CVR Partners by 30.6% in the 1st quarter. Royal Bank of Canada now owns 11,054 shares of the basic materials company’s stock valued at $1,400,000 after acquiring an additional 2,591 shares during the last quarter. Finally, ING Groep NV lifted its position in CVR Partners by 156.9% in the fourth quarter. ING Groep NV now owns 50,100 shares of the basic materials company’s stock valued at $5,135,000 after purchasing an additional 30,600 shares during the last quarter. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

About CVR Partners

CVR Partners, LP is a publicly traded limited partnership that produces and sells nitrogen fertilizer products for agricultural and industrial customers. Its principal products include ammonia and urea ammonium nitrate (UAN) solution, which are used by farmers to supply nitrogen to crops.

The company operates nitrogen fertilizer manufacturing facilities in Coffeyville, Kansas, and East Dubuque, Illinois. These locations allow CVR Partners to serve agricultural markets primarily in the central United States, including areas within the U.S.