CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Purchases 4,265 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 4,265 shares of the business’s stock in a transaction that occurred on Monday, April 14th. The shares were purchased at an average cost of $72.05 per share, with a total value of $307,293.25. Following the transaction, the insider now directly owns 246,441 shares of the company’s stock, valued at $17,756,074.05. This trade represents a 1.76 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Price Performance

Shares of UAN stock traded up $0.99 on Tuesday, hitting $73.18. 23,301 shares of the company’s stock were exchanged, compared to its average volume of 32,431. The company has a 50 day moving average of $75.20 and a 200 day moving average of $74.83. The stock has a market cap of $1.25 billion, a P/E ratio of 12.70 and a beta of 0.89. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.10 and a quick ratio of 1.44. CVR Partners, LP has a 12 month low of $62.94 and a 12 month high of $88.94.

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

CVR Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were given a $1.75 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.00 dividend on an annualized basis and a yield of 9.57%. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. CVR Partners’s dividend payout ratio (DPR) is currently 121.53%.

Institutional Trading of CVR Partners

A number of hedge funds and other institutional investors have recently modified their holdings of UAN. McIlrath & Eck LLC bought a new position in shares of CVR Partners in the 3rd quarter valued at $51,000. Chancellor Financial Group WB LP acquired a new position in CVR Partners in the 4th quarter worth about $209,000. Summit Securities Group LLC raised its position in CVR Partners by 123.1% in the fourth quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock valued at $220,000 after purchasing an additional 1,600 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of CVR Partners during the fourth quarter valued at about $226,000. Finally, Stifel Financial Corp bought a new stake in shares of CVR Partners during the fourth quarter worth about $227,000. Institutional investors own 43.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.