Carl C. Icahn Purchases 2,851 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 2,851 shares of the company’s stock in a transaction on Friday, December 13th. The shares were purchased at an average price of $74.84 per share, with a total value of $213,368.84. Following the completion of the purchase, the insider now directly owns 144,695 shares of the company’s stock, valued at $10,828,973.80. The trade was a 2.01 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Trading Down 1.4 %

Shares of UAN opened at $74.07 on Thursday. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. CVR Partners, LP has a 12 month low of $61.62 and a 12 month high of $88.94. The stock has a market cap of $1.27 billion, a PE ratio of 14.90 and a beta of 1.35. The stock’s 50-day moving average is $72.45 and its two-hundred day moving average is $73.06.

CVR Partners Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders 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 6.43%. CVR Partners’s dividend payout ratio (DPR) is presently 95.77%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

Hedge Funds Weigh In On CVR Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UAN. De Lisle Partners LLP lifted its stake in shares of CVR Partners by 18.1% in the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock worth $3,071,000 after acquiring an additional 7,000 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of CVR Partners in the 3rd quarter valued at approximately $293,000. Apollon Wealth Management LLC purchased a new position in shares of CVR Partners during the 3rd quarter valued at approximately $244,000. Oxbow Advisors LLC acquired a new stake in shares of CVR Partners during the second quarter worth approximately $212,000. Finally, Founders Financial Alliance LLC increased its stake 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 buying an additional 1,400 shares during the last quarter. 43.83% of the stock is owned by hedge funds and other institutional investors.

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.