Raymond James Financial Inc. Takes $233,000 Position in CVR Partners, LP (NYSE:UAN)

Raymond James Financial Inc. acquired a new stake in shares of CVR Partners, LP (NYSE:UAN - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 3,067 shares of the basic materials company's stock, valued at approximately $233,000.

Several other large investors also recently added to or reduced their stakes in the business. Summit Securities Group LLC lifted its stake in shares of CVR Partners by 123.1% in the fourth quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company's stock worth $220,000 after buying an additional 1,600 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of CVR Partners in the fourth quarter worth $226,000. Apollon Wealth Management LLC lifted its stake in shares of CVR Partners by 18.4% in the fourth quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company's stock worth $326,000 after buying an additional 667 shares during the last quarter. Finally, Rangeley Capital LLC acquired a new stake in shares of CVR Partners in the fourth quarter worth $1,823,000. 43.83% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

CVR Partners Stock Performance

NYSE:UAN traded up $0.75 during trading hours on Thursday, hitting $81.48. 18,771 shares of the company traded hands, compared to its average volume of 31,685. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 14.15 and a beta of 1.07. CVR Partners, LP has a twelve month low of $62.94 and a twelve month high of $88.94. The firm has a 50-day moving average of $75.80 and a 200 day moving average of $76.14. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 1.94.

CVR Partners (NYSE:UAN - Get Free Report) last released its earnings results on Monday, April 28th. The basic materials company reported $2.56 EPS for the quarter. The firm had revenue of $142.87 million during the quarter. CVR Partners had a net margin of 11.59% and a return on equity of 20.61%.

CVR Partners Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, May 19th. Investors of record on Tuesday, May 13th will be paid a dividend of $2.26 per share. This represents a yield of 11.3%. The ex-dividend date is Monday, May 12th. CVR Partners's payout ratio is currently 126.79%.

Insider Activity at CVR Partners

In other CVR Partners news, major shareholder Carl C. Icahn acquired 1,058 shares of the company's stock in a transaction dated Tuesday, March 25th. The stock was bought at an average price of $75.00 per share, for a total transaction of $79,350.00. Following the purchase, the insider now owns 201,516 shares in the company, valued at $15,113,700. This represents a 0.53% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders purchased a total of 51,742 shares of company stock worth $3,739,884 in the last ninety days.

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.