De Lisle Partners LLP Raises Stock Position in CVR Partners, LP (NYSE:UAN)

Key Points

• De Lisle Partners LLP increased its stake in CVR Partners, LP by 10.8% during the first quarter, owning a total of 50,633 shares valued at approximately $3.8 million.
• Analysts at Wall Street Zen upgraded CVR Partners from a "buy" to a "strong-buy" rating, indicating increased confidence in the company's performance.
• CVR Partners recently declared a dividend of $2.26 per share, reflecting a dividend yield of 11.3%, with a current payout ratio of 126.79%.

De Lisle Partners LLP increased its holdings in shares of CVR Partners, LP (NYSE:UAN - Free Report) by 10.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 50,633 shares of the basic materials company's stock after purchasing an additional 4,916 shares during the period. De Lisle Partners LLP owned approximately 0.30% of CVR Partners worth $3,805,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Bank of America Corp DE raised its holdings in shares of CVR Partners by 13.4% during the fourth quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company's stock worth $975,000 after purchasing an additional 1,520 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in CVR Partners during the fourth quarter valued at $233,000. Susquehanna Fundamental Investments LLC acquired a new stake in CVR Partners during the fourth quarter valued at $480,000. Stifel Financial Corp acquired a new stake in CVR Partners during the fourth quarter valued at $227,000. Finally, Rangeley Capital LLC acquired a new stake in CVR Partners during the fourth quarter valued at $1,823,000. Hedge funds and other institutional investors own 43.83% of the company's stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of CVR Partners from a "buy" rating to a "strong-buy" rating in a research report on Wednesday, April 30th.

CVR Partners Price Performance

Shares of NYSE UAN traded up $1.07 during trading on Friday, hitting $95.80. The company had a trading volume of 47,056 shares, compared to its average volume of 28,006. The stock has a fifty day simple moving average of $87.21 and a two-hundred day simple moving average of $81.03. CVR Partners, LP has a fifty-two week low of $62.94 and a fifty-two week high of $98.08. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 11.51 and a beta of 1.09. The company has a quick ratio of 1.69, a current ratio of 2.50 and a debt-to-equity ratio of 1.89.

CVR Partners (NYSE:UAN - Get Free Report) last announced its earnings results on Wednesday, July 30th. The basic materials company reported $3.67 earnings per share (EPS) for the quarter. CVR Partners had a net margin of 15.27% and a return on equity of 29.92%. The business had revenue of $168.56 million for the quarter.

CVR Partners Dividend Announcement

The firm also recently declared a dividend, which was paid on Monday, May 19th. Investors of record on Tuesday, May 13th were given a dividend of $2.26 per share. The ex-dividend date was Monday, May 12th. This represents a yield of 1,130.0%. CVR Partners's payout ratio is presently 126.79%.

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.