CVR Partners, LP (NYSE:UAN) Major Shareholder Acquires $375,062.80 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 5,215 shares of CVR Partners stock in a transaction dated Monday, November 18th. The shares were purchased at an average price of $71.92 per share, with a total value of $375,062.80. Following the acquisition, the insider now owns 96,855 shares of the company’s stock, valued at approximately $6,965,811.60. This trade represents a 5.69 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Trading Down 0.9 %

Shares of CVR Partners stock opened at $71.69 on Tuesday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.44 and a current ratio of 2.15. The firm has a 50-day moving average of $69.25 and a 200-day moving average of $74.01. CVR Partners, LP has a 52-week low of $60.50 and a 52-week high of $88.94. The stock has a market cap of $1.23 billion, a PE ratio of 14.42 and a beta of 1.28.

CVR Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a dividend of $1.19 per share. The ex-dividend date was Friday, November 8th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.64%. CVR Partners’s payout ratio is presently 95.77%.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in UAN. Exchange Traded Concepts LLC acquired a new stake in CVR Partners during the third quarter worth approximately $293,000. Oxbow Advisors LLC acquired a new stake in shares of CVR Partners during the 2nd quarter worth $212,000. Founders Financial Alliance LLC increased its position in shares of CVR Partners by 9.0% in the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after purchasing an additional 1,400 shares during the period. Apollon Wealth Management LLC acquired a new position in CVR Partners in the third quarter valued at about $244,000. Finally, GSA Capital Partners LLP grew its stake in CVR Partners by 12.8% during the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after buying an additional 1,187 shares in the last quarter. 43.83% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised CVR Partners from a “hold” rating to a “strong-buy” rating in a report on Wednesday, October 30th.

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.