CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Buys 3,937 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 3,937 shares of CVR Partners stock in a transaction that occurred on Tuesday, March 11th. The shares were purchased at an average cost of $74.57 per share, for a total transaction of $293,582.09. Following the purchase, the insider now directly owns 193,050 shares of the company’s stock, valued at approximately $14,395,738.50. This trade represents a 2.08 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Stock Performance

UAN traded up $0.35 during trading hours on Thursday, hitting $75.13. The company’s stock had a trading volume of 16,726 shares, compared to its average volume of 33,712. CVR Partners, LP has a fifty-two week low of $62.94 and a fifty-two week high of $88.94. The firm has a market capitalization of $1.29 billion, a PE ratio of 13.04 and a beta of 1.24. The company has a 50-day simple moving average of $78.88 and a 200 day simple moving average of $73.98. 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 released 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 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 business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 9.32%. This is an increase from CVR Partners’s previous quarterly dividend of $1.19. The ex-dividend date was Monday, March 3rd. CVR Partners’s payout ratio is presently 121.53%.

Institutional Investors Weigh In On CVR Partners

A number of institutional investors have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC acquired a new position in CVR Partners during the 3rd quarter worth $51,000. Summit Securities Group LLC boosted its stake in shares of CVR Partners by 123.1% during the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock worth $220,000 after buying an additional 1,600 shares during the last quarter. Virtu Financial LLC acquired a new stake in CVR Partners in the 4th quarter valued at about $226,000. Stifel Financial Corp bought a new position in CVR Partners in the 4th quarter valued at about $227,000. Finally, Raymond James Financial Inc. bought a new position in shares of CVR Partners during the fourth quarter worth approximately $233,000. 43.83% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded CVR Partners from a “strong-buy” rating to a “buy” rating in a 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.