CVR Partners, LP (NYSE:UAN) Shares Purchased by McIlrath & Eck LLC

McIlrath & Eck LLC boosted its position in CVR Partners, LP (NYSE:UAN) by 137.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,803 shares of the basic materials company’s stock after buying an additional 1,043 shares during the period. McIlrath & Eck LLC’s holdings in CVR Partners were worth $137,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of UAN. Summit Securities Group LLC lifted its stake in CVR Partners by 123.1% during the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock valued at $220,000 after acquiring an additional 1,600 shares during the period. Virtu Financial LLC purchased a new position in shares of CVR Partners during the fourth quarter worth $226,000. Stifel Financial Corp purchased a new position in shares of CVR Partners during the fourth quarter worth $227,000. Raymond James Financial Inc. acquired a new position in CVR Partners during the fourth quarter valued at $233,000. Finally, Novem Group purchased a new stake in CVR Partners in the fourth quarter valued at $243,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

Wall Street Analyst Weigh In

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

CVR Partners Trading Down 0.8%

Shares of NYSE:UAN opened at $82.85 on Wednesday. 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, LP has a 12-month low of $62.94 and a 12-month high of $88.94. The business has a 50 day moving average of $76.28 and a two-hundred day moving average of $76.54. The company has a market capitalization of $1.42 billion, a PE ratio of 14.38 and a beta of 1.07.

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

CVR Partners Announces Dividend

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

Insiders Place Their Bets

In other CVR Partners news, major shareholder Carl C. Icahn purchased 2,532 shares of the business’s stock in a transaction that occurred on Wednesday, March 5th. The stock was purchased at an average price of $73.77 per share, for a total transaction of $186,785.64. Following the purchase, the insider now directly owns 184,216 shares in the company, valued at approximately $13,589,614.32. This trade represents a 1.39% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last quarter, insiders bought 51,742 shares of company stock worth $3,739,884.

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.