2,300 Shares in CVR Partners, LP $UAN Acquired by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. acquired a new stake in CVR Partners, LP (NYSE:UAN) during the second quarter, Holdings Channel.com reports. The fund acquired 2,300 shares of the basic materials company’s stock, valued at approximately $204,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. State of Wyoming boosted its holdings in shares of CVR Partners by 45.4% in the 1st quarter. State of Wyoming now owns 3,310 shares of the basic materials company’s stock valued at $249,000 after purchasing an additional 1,033 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of CVR Partners during the 1st quarter worth $266,000. Virtu Financial LLC boosted its stake in CVR Partners by 34.5% in the first quarter. Virtu Financial LLC now owns 4,010 shares of the basic materials company’s stock valued at $301,000 after buying an additional 1,029 shares in the last quarter. SP Asset Management LLC bought a new position in CVR Partners in the second quarter valued at about $558,000. Finally, Apollon Wealth Management LLC raised its stake in CVR Partners by 17.4% during the second quarter. Apollon Wealth Management LLC now owns 7,380 shares of the basic materials company’s stock worth $656,000 after acquiring an additional 1,094 shares in the last quarter. 43.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “buy (b-)” rating on shares of CVR Partners in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, CVR Partners has a consensus rating of “Buy”.

CVR Partners Price Performance

Shares of UAN opened at $96.67 on Friday. The company has a quick ratio of 2.40, a current ratio of 3.45 and a debt-to-equity ratio of 1.80. The stock has a market cap of $1.65 billion, a PE ratio of 8.03 and a beta of 1.03. CVR Partners, LP has a 12-month low of $63.45 and a 12-month high of $100.89. The business has a 50-day simple moving average of $94.29 and a two-hundred day simple moving average of $90.32.

CVR Partners (NYSE:UAN) last announced its quarterly earnings results on Wednesday, October 29th. The basic materials company reported $4.08 EPS for the quarter. CVR Partners had a return on equity of 41.88% and a net margin of 20.70%.The firm had revenue of $163.55 million for the quarter.

CVR Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 17th. Investors of record on Monday, November 10th were paid a $4.02 dividend. This is a positive change from CVR Partners’s previous quarterly dividend of $3.89. This represents a $16.08 annualized dividend and a dividend yield of 16.6%. The ex-dividend date of this dividend was Monday, November 10th. CVR Partners’s payout ratio is presently 133.55%.

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.