CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Purchases 3,284 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 3,284 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of $74.80 per share, with a total value of $245,643.20. Following the purchase, the insider now owns 200,458 shares in the company, valued at $14,994,258.40. This represents a 1.67 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 Price Performance

Shares of NYSE:UAN opened at $75.51 on Friday. The stock has a market capitalization of $1.29 billion, a P/E ratio of 13.11 and a beta of 1.24. The business has a 50-day moving average of $78.85 and a two-hundred day moving average of $73.99. CVR Partners, LP has a fifty-two week low of $62.94 and a fifty-two week 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 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 company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were paid a $1.75 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 dividend on an annualized basis and a yield of 9.27%. CVR Partners’s dividend payout ratio (DPR) is presently 121.53%.

Analyst Ratings Changes

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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. McIlrath & Eck LLC acquired a new stake in shares of CVR Partners in the third quarter valued at about $51,000. Summit Securities Group LLC grew its holdings in CVR Partners by 123.1% in the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock valued at $220,000 after buying an additional 1,600 shares during the last quarter. Virtu Financial LLC bought a new position in CVR Partners in the 4th quarter worth approximately $226,000. Stifel Financial Corp acquired a new position in shares of CVR Partners during the fourth quarter worth approximately $227,000. Finally, Raymond James Financial Inc. bought a new stake in shares of CVR Partners in the fourth quarter valued at approximately $233,000. 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.