CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Acquires 3,746 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 3,746 shares of the stock in a transaction dated Monday, March 3rd. The shares were bought at an average price of $74.97 per share, with a total value of $280,837.62. Following the completion of the acquisition, the insider now directly owns 177,938 shares of the company’s stock, valued at approximately $13,340,011.86. This represents a 2.15 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Stock Up 4.4 %

UAN opened at $75.40 on Thursday. The company has a 50 day moving average of $78.94 and a 200 day moving average of $73.84. 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, LP has a 12 month low of $61.62 and a 12 month high of $88.94. The company has a market cap of $1.29 billion, a PE ratio of 13.09 and a beta of 1.35.

CVR Partners (NYSE:UAN) last posted its quarterly earnings data 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 firm had revenue of $139.56 million for the quarter.

CVR Partners Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, March 3rd will be paid a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 9.28%. The ex-dividend date of this dividend is Monday, March 3rd. This is an increase from CVR Partners’s previous quarterly dividend of $1.19. CVR Partners’s dividend payout ratio is currently 121.53%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC bought a new stake in shares of CVR Partners during the 3rd quarter valued at $51,000. Oxbow Advisors LLC grew its stake in shares of CVR Partners by 10.5% in the 3rd quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock worth $208,000 after buying an additional 295 shares in the last quarter. Summit Securities Group LLC lifted its holdings in shares of CVR Partners by 123.1% in the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock worth $220,000 after acquiring an additional 1,600 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of CVR Partners in the 4th quarter worth about $226,000. Finally, Stifel Financial Corp bought a new stake in CVR Partners during the 4th quarter valued at about $227,000. Institutional investors own 43.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a 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.