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

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 4,265 shares of the stock in a transaction dated Monday, April 14th. The stock was acquired at an average price of $72.05 per share, for a total transaction of $307,293.25. Following the purchase, the insider now directly owns 246,441 shares in the company, valued at approximately $17,756,074.05. This trade represents a 1.76 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Trading Down 0.3 %

UAN opened at $72.98 on Thursday. The company has a quick ratio of 1.44, a current ratio of 2.10 and a debt-to-equity ratio of 1.94. The stock’s fifty day moving average is $75.07 and its two-hundred day moving average is $74.82. The company has a market capitalization of $1.25 billion, a P/E ratio of 12.67 and a beta of 0.89. CVR Partners, LP has a 52 week low of $62.94 and a 52 week 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 company 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 declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were issued a $1.75 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.00 dividend on an annualized basis and a dividend yield of 9.59%. This is a boost from CVR Partners’s previous quarterly dividend of $1.19. CVR Partners’s dividend payout ratio (DPR) is currently 121.53%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On CVR Partners

A number of large investors have recently made changes to their positions in UAN. Virtu Financial LLC purchased a new position in CVR Partners during the 4th quarter worth approximately $226,000. Rangeley Capital LLC acquired a new position in CVR Partners during the fourth quarter valued at $1,823,000. Summit Securities Group LLC boosted its holdings 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. McIlrath & Eck LLC acquired a new stake in CVR Partners during the 3rd quarter worth about $51,000. Finally, Raymond James Financial Inc. purchased a new position in shares of CVR Partners during the 4th quarter valued at about $233,000. 43.83% of the stock is 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.