Weiss Ratings Reiterates Buy (B-) Rating for CVR Partners (NYSE:UAN)

CVR Partners (NYSE:UAN)‘s stock had its “buy (b-)” rating reiterated by stock analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

CVR Partners Stock Performance

NYSE UAN opened at $94.39 on Wednesday. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 11.34 and a beta of 1.12. The company has a quick ratio of 2.40, a current ratio of 3.45 and a debt-to-equity ratio of 1.80. The business has a 50-day moving average price of $91.01 and a 200-day moving average price of $85.24. CVR Partners has a twelve month low of $62.94 and a twelve month high of $98.99.

CVR Partners (NYSE:UAN) last released its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $3.67 earnings per share for the quarter. The firm 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%.

Institutional Investors Weigh In On CVR Partners

A number of hedge funds have recently made changes to their positions in the company. Novem Group lifted its position in shares of CVR Partners by 25.0% in the first quarter. Novem Group now owns 4,000 shares of the basic materials company’s stock worth $301,000 after buying an additional 800 shares in the last quarter. De Lisle Partners LLP raised its position in CVR Partners by 1.6% during the second quarter. De Lisle Partners LLP now owns 51,433 shares of the basic materials company’s stock valued at $4,569,000 after purchasing an additional 800 shares during the period. BNP Paribas Financial Markets raised its position in CVR Partners by 1,888.6% during the second quarter. BNP Paribas Financial Markets now owns 875 shares of the basic materials company’s stock valued at $78,000 after purchasing an additional 831 shares during the period. Advisors Asset Management Inc. raised its position in CVR Partners by 24.8% during the second quarter. Advisors Asset Management Inc. now owns 4,418 shares of the basic materials company’s stock valued at $392,000 after purchasing an additional 877 shares during the period. Finally, Virtu Financial LLC raised its position in CVR Partners by 34.5% during the first quarter. Virtu Financial LLC now owns 4,010 shares of the basic materials company’s stock valued at $301,000 after purchasing an additional 1,029 shares during the period. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

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.