Carl C. Icahn Buys 10,697 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 10,697 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The stock was purchased at an average cost of $71.82 per share, with a total value of $768,258.54. Following the acquisition, the insider now directly owns 66,249 shares of the company’s stock, valued at $4,758,003.18. This trade represents a 19.26 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

CVR Partners Trading Up 1.5 %

Shares of UAN stock opened at $72.32 on Friday. CVR Partners, LP has a 12-month low of $60.50 and a 12-month high of $88.94. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91. The stock’s 50-day moving average price is $69.04 and its 200-day moving average price is $74.22. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 14.55 and a beta of 1.28.

CVR Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be paid a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.58%. CVR Partners’s dividend payout ratio is 95.77%.

Analysts Set New Price Targets

Separately, StockNews.com upgraded CVR Partners from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th.

Institutional Trading of CVR Partners

Large investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of CVR Partners in the 1st quarter valued at $820,000. Virtu Financial LLC acquired a new stake in shares of CVR Partners during the 1st quarter worth approximately $506,000. Oxbow Advisors LLC acquired a new stake in shares of CVR Partners during the 2nd quarter worth approximately $212,000. Founders Financial Alliance LLC increased its holdings in 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 valued at $1,279,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Exchange Traded Concepts LLC acquired a new stake in CVR Partners in the 3rd quarter valued at approximately $293,000. Hedge funds and other institutional investors own 43.83% of the company’s stock.

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.