CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Buys 5,168 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 5,168 shares of the business’s stock in a transaction on Wednesday, April 16th. The shares were bought at an average price of $74.11 per share, for a total transaction of $383,000.48. Following the acquisition, the insider now owns 256,777 shares in the company, valued at $19,029,743.47. This trade represents a 2.05 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Stock Up 2.0 %

Shares of UAN traded up $1.44 during midday trading on Friday, reaching $74.44. The stock had a trading volume of 16,436 shares, compared to its average volume of 32,429. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 12.92 and a beta of 0.89. The company’s fifty day simple moving average is $74.97 and its two-hundred day simple moving average is $74.87. CVR Partners, LP has a 1-year low of $62.94 and a 1-year high of $88.94. 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 (NYSE:UAN) last announced its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%. The firm had revenue of $139.56 million during the quarter.

CVR Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were paid a dividend of $1.75 per share. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 annualized dividend and a yield of 9.40%. The ex-dividend date was Monday, March 3rd. CVR Partners’s dividend payout ratio (DPR) is currently 121.53%.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On CVR Partners

Several large investors have recently bought and sold shares of the stock. Chancellor Financial Group WB LP purchased a new stake in shares of CVR Partners in the 4th quarter valued at about $209,000. McIlrath & Eck LLC increased its position in CVR Partners by 137.2% during the fourth quarter. McIlrath & Eck LLC now owns 1,803 shares of the basic materials company’s stock worth $137,000 after buying an additional 1,043 shares during the period. Novem Group purchased a new stake in CVR Partners in the fourth quarter valued at approximately $243,000. Bank of America Corp DE boosted its holdings in shares of CVR Partners by 13.4% in the fourth quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company’s stock valued at $975,000 after acquiring an additional 1,520 shares during the period. Finally, Icahn Carl C grew its position in shares of CVR Partners by 4.5% during the fourth quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company’s stock worth $308,868,000 after acquiring an additional 174,192 shares during the last quarter. Institutional investors and hedge funds own 43.83% of the company’s stock.

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.