3,067 Shares in CVR Partners, LP (NYSE:UAN) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in CVR Partners, LP (NYSE:UAN) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 3,067 shares of the basic materials company’s stock, valued at approximately $233,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UAN. Apollon Wealth Management LLC increased its holdings in CVR Partners by 18.4% in 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 in the last quarter. Virtu Financial LLC purchased a new stake in CVR Partners in the 4th quarter worth approximately $226,000. Summit Securities Group LLC increased its holdings in CVR Partners by 123.1% in the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock worth $220,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Rangeley Capital LLC purchased a new stake in CVR Partners in the 4th quarter worth approximately $1,823,000. 43.83% of the stock is owned by hedge funds and other institutional investors.

CVR Partners Trading Down 0.4%

UAN stock opened at $82.60 on Tuesday. CVR Partners, LP has a 1-year low of $62.94 and a 1-year 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 company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 14.34 and a beta of 1.07. The business has a 50 day simple moving average of $75.43 and a two-hundred day simple moving average of $75.99.

CVR Partners (NYSE:UAN) last posted its quarterly earnings results on Monday, April 28th. The basic materials company reported $2.56 earnings per share for the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%. The business had revenue of $142.87 million during the quarter.

CVR Partners Dividend Announcement

The firm also recently declared a dividend, which will be paid on Monday, May 19th. Shareholders of record on Tuesday, May 13th will be paid a $2.26 dividend. The ex-dividend date is Monday, May 12th. This represents a yield of 11.3%. CVR Partners’s payout ratio is 126.79%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded CVR Partners from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, April 30th.

Insiders Place Their Bets

In other news, major shareholder Carl C. Icahn bought 5,308 shares of the stock in a transaction dated Monday, April 21st. The stock was purchased at an average cost of $73.87 per share, for a total transaction of $392,101.96. Following the transaction, the insider now owns 267,253 shares of the company’s stock, valued at $19,741,979.11. The trade was a 2.03% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 51,742 shares of company stock worth $3,739,884 in the last three months.

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.