CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Acquires 2,532 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 2,532 shares of the company’s stock in a transaction that occurred on Wednesday, March 5th. The stock was acquired at an average price of $73.77 per share, with a total value of $186,785.64. Following the acquisition, the insider now directly owns 184,216 shares of the company’s stock, valued at approximately $13,589,614.32. This represents a 1.39 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

CVR Partners Stock Up 4.4 %

Shares of NYSE:UAN opened at $75.40 on Thursday. The firm has a 50 day simple moving average of $78.94 and a 200-day simple moving average of $73.84. CVR Partners, LP has a twelve month low of $61.62 and a twelve month high of $88.94. The company has a market capitalization of $1.29 billion, a PE ratio of 13.09 and a beta of 1.35. 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 posted its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share for the quarter. CVR Partners had a net margin of 11.59% and a return on equity of 20.61%. The business had revenue of $139.56 million for the quarter.

CVR Partners Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, March 3rd will be paid a dividend of $1.75 per share. This is a boost from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 annualized dividend and a dividend yield of 9.28%. The ex-dividend date is Monday, March 3rd. CVR Partners’s dividend payout ratio (DPR) is currently 121.53%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of UAN. Icahn Carl C raised its holdings in CVR Partners by 4.5% in the fourth quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company’s stock valued at $308,868,000 after buying an additional 174,192 shares during the period. Rangeley Capital LLC acquired a new position in CVR Partners in the fourth quarter worth $1,823,000. De Lisle Partners LLP lifted its stake in 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 valued at $3,071,000 after buying an additional 7,000 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in CVR Partners in the fourth quarter valued at $480,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of CVR Partners during the third quarter valued at about $244,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of 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.