Advisors Asset Management Inc. Invests $266,000 in CVR Partners, LP $UAN

Key Points

• Advisors Asset Management Inc. has acquired 3,541 shares of CVR Partners, LP, valued at approximately $266,000, marking a new position in the 1st quarter of the year.
• CVR Partners recently declared a quarterly dividend of $3.89, an increase from the previous $2.26, resulting in an annualized dividend of $15.56 and a yield of 17.9%.
• The company reported a net margin of 15.27% and earnings of $3.67 per share during its latest quarterly results, reflecting strong financial performance.

Advisors Asset Management Inc. bought a new position in shares of CVR Partners, LP (NYSE:UAN - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,541 shares of the basic materials company's stock, valued at approximately $266,000.

Several other large investors have also added to or reduced their stakes in UAN. Stifel Financial Corp bought a new position in shares of CVR Partners in the 4th quarter valued at about $227,000. Bank of America Corp DE raised its position in shares of CVR Partners by 13.4% in the fourth quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company's stock valued at $975,000 after purchasing an additional 1,520 shares during the period. Novem Group bought a new position in shares of CVR Partners in the fourth quarter valued at about $243,000. McIlrath & Eck LLC raised its position in shares of CVR Partners by 137.2% in the fourth quarter. McIlrath & Eck LLC now owns 1,803 shares of the basic materials company's stock valued at $137,000 after purchasing an additional 1,043 shares during the period. Finally, Chancellor Financial Group WB LP bought a new position in shares of CVR Partners in the fourth quarter valued at about $209,000. Institutional investors and hedge funds own 43.83% of the company's stock.

CVR Partners Stock Performance

NYSE:UAN traded down $0.71 during mid-day trading on Monday, reaching $87.30. 38,393 shares of the company's stock were exchanged, compared to its average volume of 27,122. CVR Partners, LP has a one year low of $62.94 and a one year high of $98.99. The firm has a market capitalization of $1.49 billion, a PE ratio of 10.49 and a beta of 1.16. The business's fifty day simple moving average is $90.22 and its two-hundred day simple moving average is $83.23. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.40 and a current ratio of 3.45.

CVR Partners (NYSE:UAN - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $3.67 earnings per share (EPS) for the quarter. The firm had revenue of $168.56 million for the quarter. CVR Partners had a net margin of 15.27% and a return on equity of 29.35%.

CVR Partners Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 11th were given a dividend of $3.89 per share. The ex-dividend date was Monday, August 11th. This represents a $15.56 annualized dividend and a yield of 17.8%. This is a boost from CVR Partners's previous quarterly dividend of $2.26. CVR Partners's dividend payout ratio is 187.02%.

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.