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

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 1,058 shares of the company’s stock in a transaction dated Tuesday, March 25th. The shares were purchased at an average cost of $75.00 per share, with a total value of $79,350.00. Following the acquisition, the insider now owns 201,516 shares of the company’s stock, valued at approximately $15,113,700. This represents a 0.53 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Price Performance

UAN stock opened at $75.47 on Friday. The stock has a market cap of $1.29 billion, a PE ratio of 13.10 and a beta of 1.23. The stock has a 50-day moving average price of $78.41 and a two-hundred day moving average price of $74.46. 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 1 year low of $62.94 and a 1 year high of $88.94.

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

CVR Partners Increases Dividend

The company 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. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. The ex-dividend date was Monday, March 3rd. This represents a $7.00 annualized dividend and a dividend yield of 9.28%. CVR Partners’s dividend payout ratio (DPR) is currently 121.53%.

Institutional Trading of CVR Partners

Hedge funds have recently added to or reduced their stakes in the stock. Icahn Carl C raised its holdings in CVR Partners by 4.5% during the 4th quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company’s stock worth $308,868,000 after purchasing an additional 174,192 shares during the last quarter. Rangeley Capital LLC acquired a new stake in CVR Partners in the fourth quarter worth $1,823,000. De Lisle Partners LLP grew its stake in shares of 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 valued at $3,071,000 after buying an additional 7,000 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of CVR Partners during the fourth quarter valued at about $480,000. Finally, Novem Group bought a new position in shares of CVR Partners in the fourth quarter valued at approximately $243,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut CVR Partners from a “strong-buy” rating to a “buy” rating in a research note 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.