CVR Partners (NYSE:UAN) Shares Down 3.9% – Time to Sell?

CVR Partners, LP (NYSE:UAN) shares were down 3.9% on Monday . The company traded as low as $127.85 and last traded at $128.6770. 14,630 shares changed hands during mid-day 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 reaffirmed a “buy (b)” rating on shares of CVR Partners in a report on Tuesday, August 11th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat, CVR Partners currently has a consensus rating of “Buy”.

CVR Partners Price Performance

The firm has a market cap of $1.37 billion, a P/E ratio of 8.52 and a beta of 0.16. The firm’s fifty day simple moving average is $126.09 and its 200 day simple moving average is $124.18. The company has a debt-to-equity ratio of 1.64, a quick ratio of 2.11 and a current ratio of 3.01.

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

CVR Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 17th. Shareholders of record on Monday, August 10th were paid a dividend of $6.08 per share. The ex-dividend date of this dividend was Monday, August 10th. This is a positive change from CVR Partners’s previous quarterly dividend of $4.00. This represents a $24.32 annualized dividend and a yield of 18.8%. CVR Partners’s payout ratio is presently 160.42%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Aristides Capital LLC purchased a new stake in shares of CVR Partners in the fourth quarter valued at $214,000. Webster Bank N. A. bought a new position in CVR Partners during the 1st quarter valued at about $380,000. Bank of America Corp DE grew its holdings in CVR Partners by 219.8% during the 1st quarter. Bank of America Corp DE now owns 7,209 shares of the basic materials company’s stock valued at $913,000 after purchasing an additional 4,955 shares during the last quarter. Royal Bank of Canada grew its holdings in CVR Partners by 30.6% during 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 purchasing an additional 2,591 shares during the last quarter. Finally, ING Groep NV raised its position in CVR Partners by 156.9% in the 4th quarter. ING Groep NV now owns 50,100 shares of the basic materials company’s stock worth $5,135,000 after purchasing an additional 30,600 shares during the period. Institutional investors own 43.83% of the company’s stock.

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.