Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Purchases 1,058 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 1,058 shares of CVR Partners stock in a transaction that occurred on Tuesday, March 25th. The stock was bought at an average cost of $75.00 per share, for a total transaction of $79,350.00. Following the purchase, the insider now owns 201,516 shares in the company, valued at $15,113,700. This represents a 0.53 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Price Performance

NYSE:UAN remained flat at $75.47 on Thursday. 13,503 shares of the company’s stock were exchanged, compared to its average volume of 31,318. CVR Partners, LP has a 52 week low of $62.94 and a 52 week high of $88.94. The stock has a market cap of $1.29 billion, a P/E ratio of 13.10 and a beta of 1.23. The stock’s 50-day simple moving average is $78.57 and its two-hundred day simple moving average is $74.45. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 1.94.

CVR Partners (NYSE:UAN) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share (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 for the quarter.

CVR Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were issued a dividend of $1.75 per share. This is a boost from CVR Partners’s previous quarterly dividend of $1.19. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.00 annualized dividend and a dividend yield of 9.28%. CVR Partners’s dividend payout ratio (DPR) is 121.53%.

Hedge Funds Weigh In On CVR Partners

Institutional investors have recently added to or reduced their stakes in the business. Chancellor Financial Group WB LP acquired a new stake in CVR Partners in the 4th quarter worth about $209,000. McIlrath & Eck LLC lifted its holdings in shares of CVR Partners by 137.2% during the 4th quarter. McIlrath & Eck LLC now owns 1,803 shares of the basic materials company’s stock worth $137,000 after acquiring an additional 1,043 shares during the period. Novem Group acquired a new stake in shares of CVR Partners in the fourth quarter worth approximately $243,000. Bank of America Corp DE boosted its position 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 worth $975,000 after acquiring an additional 1,520 shares during the last quarter. Finally, Icahn Carl C grew its holdings in CVR Partners by 4.5% in the fourth 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 period. 43.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.