CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Purchases 6,236 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 6,236 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were acquired at an average cost of $74.36 per share, for a total transaction of $463,708.96. Following the acquisition, the insider now owns 168,693 shares of the company’s stock, valued at approximately $12,544,011.48. The trade was a 3.84 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Stock Performance

Shares of NYSE UAN traded down $0.81 during midday trading on Thursday, reaching $75.14. 30,895 shares of the company traded hands, compared to its average volume of 35,533. The stock has a 50-day moving average price of $73.03 and a 200 day moving average price of $72.88. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 15.12 and a beta of 1.35. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. CVR Partners, LP has a 52 week low of $61.62 and a 52 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 paid a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.33%. The ex-dividend date of this dividend was Friday, November 8th. CVR Partners’s dividend payout ratio is currently 95.77%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in UAN. McIlrath & Eck LLC acquired a new stake in shares of CVR Partners in the third quarter valued at $51,000. Oxbow Advisors LLC raised its position in CVR Partners by 10.5% in the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock worth $208,000 after acquiring an additional 295 shares in the last quarter. Apollon Wealth Management LLC acquired a new stake in CVR Partners in the 3rd quarter valued at about $244,000. Exchange Traded Concepts LLC bought a new position in shares of CVR Partners during the 3rd quarter valued at about $293,000. Finally, GSA Capital Partners LLP grew its stake in shares of 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 purchasing an additional 1,187 shares during the last quarter. 43.83% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut CVR Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 18th.

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.