CVR Partners, LP (NYSE:UAN) Major Shareholder Buys $460,312.44 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 6,202 shares of CVR Partners stock in a transaction on Friday, December 20th. The stock was acquired at an average price of $74.22 per share, with a total value of $460,312.44. Following the purchase, the insider now directly owns 162,457 shares in the company, valued at approximately $12,057,558.54. This trade represents a 3.97 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 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 Stock Up 1.4 %

UAN stock opened at $74.21 on Friday. The company has a market capitalization of $1.27 billion, a price-to-earnings ratio of 14.93 and a beta of 1.35. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.44 and a current ratio of 2.15. The stock has a fifty day moving average of $72.65 and a 200-day moving average of $73.07. CVR Partners, LP has a fifty-two week low of $61.62 and a fifty-two week high of $88.94.

CVR Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date was Friday, November 8th. CVR Partners’s payout ratio is currently 95.77%.

Analyst Ratings Changes

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

Hedge Funds Weigh In On CVR Partners

A number of large investors have recently modified their holdings of UAN. McIlrath & Eck LLC purchased a new position in CVR Partners during the third quarter worth about $51,000. Oxbow Advisors LLC bought a new position in shares of CVR Partners in the second quarter worth approximately $212,000. Apollon Wealth Management LLC purchased a new stake in CVR Partners in the third quarter valued at approximately $244,000. Exchange Traded Concepts LLC bought a new stake in CVR Partners during the third quarter valued at approximately $293,000. Finally, GSA Capital Partners LLP grew its stake in CVR Partners by 12.8% in the 3rd quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after buying an additional 1,187 shares in the last quarter. 43.83% of the stock is currently owned by institutional investors.

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.