CVR Partners, LP (NYSE:UAN) Shares Acquired by Summit Securities Group LLC

Summit Securities Group LLC increased its holdings in shares of CVR Partners, LP (NYSE:UAN) by 123.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,900 shares of the basic materials company’s stock after buying an additional 1,600 shares during the period. Summit Securities Group LLC’s holdings in CVR Partners were worth $220,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in CVR Partners during the fourth quarter valued at $226,000. Raymond James Financial Inc. acquired a new position in shares of CVR Partners during the 4th quarter worth about $233,000. Apollon Wealth Management LLC lifted its stake 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 valued at $326,000 after buying an additional 667 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new stake in CVR Partners in the 3rd quarter worth about $51,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

CVR Partners Trading Down 1.0 %

Shares of UAN stock opened at $74.70 on Friday. 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 quick ratio of 1.44 and a current ratio of 2.10. The stock’s fifty day moving average is $78.23 and its two-hundred day moving average is $74.58. The firm has a market capitalization of $1.28 billion, a P/E ratio of 12.97 and a beta of 1.23.

CVR Partners (NYSE:UAN) last issued its earnings results 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 business also recently announced 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 is a boost from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 annualized dividend and a dividend yield of 9.37%. The ex-dividend date was Monday, March 3rd. CVR Partners’s payout ratio is currently 121.53%.

Wall Street Analysts Forecast Growth

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

Insider Activity

In related news, major shareholder Carl C. Icahn bought 3,746 shares of the business’s stock in a transaction on Monday, March 3rd. The stock was acquired at an average cost of $74.97 per share, with a total value of $280,837.62. Following the purchase, the insider now directly owns 177,938 shares of the company’s stock, valued at $13,340,011.86. The trade was a 2.15 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders purchased 17,397 shares of company stock worth $1,298,460 over the last ninety days.

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.