CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Purchases 1,058 Shares

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 purchased at an average price of $75.00 per share, for a total transaction of $79,350.00. Following the acquisition, the insider now directly owns 201,516 shares of the company’s stock, valued at $15,113,700. The trade was a 0.53 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Price Performance

Shares of UAN stock remained flat at $75.47 during mid-day trading on Thursday. 13,503 shares of the stock were exchanged, compared to its average volume of 31,318. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.10 and a quick ratio of 1.44. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 13.10 and a beta of 1.23. The firm’s 50-day moving average is $78.57 and its 200 day moving average is $74.45. CVR Partners, LP has a fifty-two week low of $62.94 and a fifty-two week high of $88.94.

CVR Partners (NYSE:UAN) last released its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.73 EPS for the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%. The company had revenue of $139.56 million for the quarter.

CVR Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were given a dividend of $1.75 per share. 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 annualized dividend and a yield of 9.28%. CVR Partners’s payout ratio is 121.53%.

Institutional Trading of CVR Partners

Several large investors have recently bought and sold shares of UAN. De Lisle Partners LLP lifted its holdings in CVR Partners by 18.1% in the 3rd quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock worth $3,071,000 after buying an additional 7,000 shares in the last quarter. McIlrath & Eck LLC purchased a new stake in shares of CVR Partners during the third quarter worth about $51,000. Apollon Wealth Management LLC lifted its stake in shares of CVR Partners by 18.4% in the fourth quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company’s stock worth $326,000 after acquiring an additional 667 shares in the last quarter. Raymond James Financial Inc. purchased a new position in CVR Partners in the fourth quarter valued at about $233,000. Finally, Virtu Financial LLC acquired a new stake in CVR Partners during the 4th quarter valued at approximately $226,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

Analyst Ratings Changes

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

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.