Parkside Financial Bank & Trust Acquires New Stake in CVR Partners, LP (NYSE:UAN)

Parkside Financial Bank & Trust bought a new position in shares of CVR Partners, LP (NYSE:UAN) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 7,000 shares of the basic materials company’s stock, valued at approximately $458,000.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC acquired a new position in CVR Partners during the third quarter worth about $969,000. Ulland Investment Advisors LLC lifted its stake in CVR Partners by 8.3% in the 3rd quarter. Ulland Investment Advisors LLC now owns 2,600 shares of the basic materials company’s stock worth $215,000 after purchasing an additional 200 shares in the last quarter. Clear Street Markets LLC boosted its holdings in shares of CVR Partners by 500.0% during the 3rd quarter. Clear Street Markets LLC now owns 3,600 shares of the basic materials company’s stock worth $297,000 after purchasing an additional 3,000 shares during the last quarter. GSA Capital Partners LLP grew its position in shares of CVR Partners by 509.2% in the third quarter. GSA Capital Partners LLP now owns 17,953 shares of the basic materials company’s stock valued at $1,483,000 after purchasing an additional 15,006 shares in the last quarter. Finally, Tucker Asset Management LLC acquired a new stake in shares of CVR Partners in the third quarter valued at approximately $123,000. Hedge funds and other institutional investors own 43.83% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered CVR Partners from a “buy” rating to a “hold” rating in a research note on Wednesday, March 20th.

CVR Partners Trading Up 1.8 %

Shares of UAN traded up $1.36 during mid-day trading on Tuesday, reaching $76.91. The stock had a trading volume of 13,718 shares, compared to its average volume of 40,388. The business’s fifty day moving average is $73.02 and its 200 day moving average is $72.74. The firm has a market cap of $809.42 million, a price-to-earnings ratio of 4.74 and a beta of 1.29. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.20 and a quick ratio of 1.28. CVR Partners, LP has a 52-week low of $60.50 and a 52-week high of $104.86.

CVR Partners (NYSE:UAN) last released its quarterly earnings data on Tuesday, February 20th. The basic materials company reported $0.94 EPS for the quarter. CVR Partners had a return on equity of 50.45% and a net margin of 25.30%. The firm had revenue of $141.62 million for the quarter.

CVR Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 11th. Shareholders of record on Monday, March 4th were paid a dividend of $1.68 per share. This represents a $6.72 annualized dividend and a yield of 8.74%. The ex-dividend date of this dividend was Friday, March 1st. This is a positive change from CVR Partners’s previous quarterly dividend of $1.55. CVR Partners’s dividend payout ratio (DPR) is 41.20%.

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.