CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Acquires 6,071 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 6,071 shares of the firm’s stock in a transaction dated Monday, April 7th. The stock was bought at an average price of $66.65 per share, for a total transaction of $404,632.15. Following the completion of the acquisition, the insider now owns 219,620 shares in the company, valued at approximately $14,637,673. The trade was a 2.84 % increase in their position. The purchase was disclosed in a legal filing 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 transactions with the SEC.

CVR Partners Trading Down 5.6 %

UAN traded down $3.89 during mid-day trading on Monday, hitting $65.70. 111,471 shares of the stock were exchanged, compared to its average volume of 31,961. The company has a market cap of $1.12 billion, a PE ratio of 11.41 and a beta of 0.89. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 1.94. The firm’s fifty day moving average is $77.42 and its two-hundred day moving average is $74.87. CVR Partners, LP has a 1-year low of $62.94 and a 1-year high of $88.94.

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

CVR Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were given a dividend of $1.75 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.00 dividend on an annualized basis and a dividend yield of 10.66%. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. CVR Partners’s dividend payout ratio is currently 121.53%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Chancellor Financial Group WB LP acquired a new stake in CVR Partners in the 4th quarter valued at about $209,000. McIlrath & Eck LLC increased its stake in shares of 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 acquired a new stake in CVR Partners in the fourth quarter valued at approximately $243,000. Bank of America Corp DE lifted its stake in 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 worth $975,000 after acquiring an additional 1,520 shares during the last quarter. Finally, Icahn Carl C increased its position in shares of CVR Partners by 4.5% in the 4th quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company’s stock valued at $308,868,000 after purchasing an additional 174,192 shares during the last quarter. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

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.