LPL Financial LLC Sells 823 Shares of CVR Partners, LP (NYSE:UAN)

LPL Financial LLC cut its position in CVR Partners, LP (NYSE:UAN) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,088 shares of the basic materials company’s stock after selling 823 shares during the period. LPL Financial LLC owned 0.06% of CVR Partners worth $842,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. McIlrath & Eck LLC bought a new position in CVR Partners in the third quarter valued at about $51,000. Virtu Financial LLC bought a new stake in shares of CVR Partners during the fourth quarter worth approximately $226,000. Raymond James Financial Inc. acquired a new position in CVR Partners in the fourth quarter valued at approximately $233,000. Finally, Apollon Wealth Management LLC grew its holdings in CVR Partners by 18.4% during the 4th quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company’s stock worth $326,000 after acquiring an additional 667 shares during the period. Institutional investors and hedge funds own 43.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut CVR Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st.

Insider Activity at CVR Partners

In related news, major shareholder Carl C. Icahn bought 2,532 shares of CVR Partners stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average cost of $73.77 per share, with a total value of $186,785.64. Following the purchase, the insider now owns 184,216 shares in the company, valued at approximately $13,589,614.32. This trade represents a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In the last three months, insiders acquired 46,434 shares of company stock worth $3,347,782.

CVR Partners Stock Down 1.2 %

CVR Partners stock opened at $73.55 on Tuesday. CVR Partners, LP has a fifty-two week low of $62.94 and a fifty-two week high of $88.94. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.10 and a quick ratio of 1.44. The firm has a market capitalization of $1.26 billion, a price-to-earnings ratio of 12.77 and a beta of 0.89. The company’s 50 day simple moving average is $74.81 and its 200 day simple moving average is $75.03.

CVR Partners (NYSE:UAN) last released its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.73 EPS for the quarter. The business had revenue of $139.56 million during the quarter. CVR Partners had a net margin of 11.59% and a return on equity of 20.61%.

CVR Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 9.52%. The ex-dividend date was Monday, March 3rd. This is a boost from CVR Partners’s previous quarterly dividend of $1.19. CVR Partners’s payout ratio is 121.53%.

CVR Partners 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.