Carl C. Icahn Buys 2,840 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 2,840 shares of the firm’s stock in a transaction on Monday, December 30th. The stock was bought at an average price of $74.74 per share, with a total value of $212,261.60. Following the completion of the acquisition, the insider now directly owns 174,192 shares in the company, valued at approximately $13,019,110.08. This represents a 1.66 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Trading Up 1.0 %

NYSE UAN opened at $75.96 on Thursday. The firm has a market capitalization of $1.30 billion, a PE ratio of 15.28 and a beta of 1.35. The stock’s 50 day moving average is $73.34 and its 200 day moving average is $72.78. CVR Partners, LP has a twelve month low of $61.62 and a twelve month high of $88.94. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91.

CVR Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a $1.19 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $4.76 annualized dividend and a dividend yield of 6.27%. CVR Partners’s payout ratio is 95.77%.

Institutional Investors Weigh In On CVR Partners

Hedge funds have recently bought and sold shares of the business. De Lisle Partners LLP increased its stake in shares of CVR Partners by 18.1% during the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock valued at $3,071,000 after purchasing an additional 7,000 shares in the last quarter. Founders Financial Alliance LLC grew its stake in shares of CVR Partners by 9.0% in the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after buying an additional 1,400 shares during the last quarter. GSA Capital Partners LLP increased its position in CVR Partners by 12.8% during the 3rd quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after buying an additional 1,187 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in CVR Partners during the third quarter valued at $293,000. Finally, Apollon Wealth Management LLC bought a new stake in CVR Partners in the third quarter worth $244,000. Institutional investors own 43.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 18th.

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.