CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Acquires 2,287 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 2,287 shares of CVR Partners stock in a transaction on Wednesday, December 18th. The stock was purchased at an average price of $74.55 per share, with a total value of $170,495.85. Following the completion of the acquisition, the insider now directly owns 153,155 shares of the company’s stock, valued at $11,417,705.25. This represents a 1.52 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

CVR Partners Stock Up 1.4 %

Shares of UAN stock traded up $1.00 during trading hours on Friday, reaching $74.21. 21,421 shares of the company’s stock were exchanged, compared to its average volume of 35,600. CVR Partners, LP has a 1 year low of $61.62 and a 1 year high of $88.94. The stock has a market cap of $1.27 billion, a PE ratio of 14.93 and a beta of 1.35. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91. The stock’s fifty day moving average price is $72.65 and its two-hundred day moving average price is $73.07.

CVR Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.41%. CVR Partners’s payout ratio is 95.77%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On CVR Partners

A number of large investors have recently modified their holdings of the business. McIlrath & Eck LLC purchased a new stake in shares of CVR Partners during the third quarter worth about $51,000. De Lisle Partners LLP boosted its position in CVR Partners by 18.1% in the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock valued at $3,071,000 after buying an additional 7,000 shares during the last quarter. GSA Capital Partners LLP boosted its position in CVR Partners by 12.8% in the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after buying an additional 1,187 shares during the last quarter. Apollon Wealth Management LLC purchased a new stake in CVR Partners in the third quarter valued at approximately $244,000. Finally, Oxbow Advisors LLC boosted its position in CVR Partners by 10.5% in the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock valued at $208,000 after buying an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 43.83% of the company’s stock.

About CVR Partners

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.