CVR Partners (NYSE:UAN) Earns Buy (B-) Rating from Weiss Ratings

Key Points

• CVR Partners (NYSE:UAN) has received a reaffirmed "buy (B-)" rating from Weiss Ratings, indicating positive sentiments from equities researchers.
• The company's stock price dropped by 1.7% to $92.73 during midday trading, with a market cap of $1.59 billion and a price-to-earnings ratio of 11.15.
• Institutional investors currently hold 43.83% of CVR Partners' stock, with notable investments made by JPMorgan Chase and Bank of America in recent quarters.

CVR Partners (NYSE:UAN - Get Free Report)'s stock had its "buy (b-)" rating reiterated by equities researchers at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

CVR Partners Trading Down 1.7%

Shares of NYSE:UAN traded down $1.59 during midday trading on Wednesday, reaching $92.73. 11,381 shares of the company's stock were exchanged, compared to its average volume of 26,399. The firm's 50 day simple moving average is $90.97 and its two-hundred day simple moving average is $85.06. The company has a debt-to-equity ratio of 1.80, a current ratio of 3.45 and a quick ratio of 2.40. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 11.15 and a beta of 1.12. CVR Partners has a fifty-two week low of $62.94 and a fifty-two week high of $98.99.

CVR Partners (NYSE:UAN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $3.67 earnings per share (EPS) for the quarter. The business had revenue of $168.56 million during the quarter. CVR Partners had a return on equity of 29.35% and a net margin of 15.27%.

Hedge Funds Weigh In On CVR Partners

Several institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. purchased a new stake in CVR Partners in the 2nd quarter valued at about $16,516,000. De Lisle Partners LLP grew its holdings in CVR Partners by 1.6% in the 2nd quarter. De Lisle Partners LLP now owns 51,433 shares of the basic materials company's stock valued at $4,569,000 after buying an additional 800 shares during the period. Natixis purchased a new stake in CVR Partners in the 2nd quarter valued at about $4,442,000. Bank of America Corp DE grew its holdings in CVR Partners by 144.6% in the 2nd quarter. Bank of America Corp DE now owns 21,376 shares of the basic materials company's stock valued at $1,899,000 after buying an additional 12,637 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of CVR Partners in the 1st quarter worth about $1,595,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

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.

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