CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Purchases 3,937 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 3,937 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The shares were acquired at an average price of $74.57 per share, for a total transaction of $293,582.09. Following the completion of the purchase, the insider now owns 193,050 shares in the company, valued at $14,395,738.50. The trade was a 2.08 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Stock Up 0.5 %

CVR Partners stock opened at $75.13 on Friday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10. The business’s 50-day simple moving average is $78.88 and its two-hundred day simple moving average is $73.98. The company has a market cap of $1.29 billion, a PE ratio of 13.04 and a beta of 1.24. CVR Partners, LP has a fifty-two week low of $62.94 and a fifty-two week high of $88.94.

CVR Partners (NYSE:UAN) last posted its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share for the quarter. The business had revenue of $139.56 million for the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%.

CVR Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 9.32%. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. The ex-dividend date of this dividend was Monday, March 3rd. CVR Partners’s dividend payout ratio (DPR) is 121.53%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded CVR Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st.

Institutional Trading of CVR Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Apollon Wealth Management LLC grew its holdings in CVR Partners by 18.4% during the fourth quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company’s stock worth $326,000 after acquiring an additional 667 shares during the period. McIlrath & Eck LLC acquired a new stake in CVR Partners during the third quarter worth about $51,000. GSA Capital Partners LLP grew its holdings in CVR Partners by 12.8% during the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after acquiring an additional 1,187 shares during the period. Bank of America Corp DE grew its holdings in 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 acquiring an additional 1,520 shares during the period. Finally, Summit Securities Group LLC grew its holdings in CVR Partners by 123.1% during the fourth quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock worth $220,000 after acquiring an additional 1,600 shares during the period. 43.83% of the stock is owned by institutional investors and hedge funds.

CVR Partners Company 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.