Carl C. Icahn Buys 921 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 921 shares of CVR Partners stock in a transaction that occurred on Thursday, December 26th. The shares were purchased at an average cost of $74.92 per share, with a total value of $69,001.32. Following the transaction, the insider now owns 169,654 shares of the company’s stock, valued at approximately $12,710,477.68. The trade was a 0.55 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Stock Down 1.1 %

Shares of UAN traded down $0.81 during mid-day trading on Thursday, hitting $75.14. 30,895 shares of the company’s stock were exchanged, compared to its average volume of 35,533. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91. CVR Partners, LP has a twelve month low of $61.62 and a twelve month high of $88.94. The firm has a fifty day moving average of $73.03 and a two-hundred day moving average of $72.88. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 15.12 and a beta of 1.35.

CVR Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given 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 95.77%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. De Lisle Partners LLP grew its holdings in 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 last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of CVR Partners in the third quarter worth $293,000. Apollon Wealth Management LLC bought a new position in CVR Partners during the third quarter worth $244,000. Oxbow Advisors LLC acquired a new position in CVR Partners during the 2nd quarter valued at $212,000. Finally, Founders Financial Alliance LLC boosted 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 period. Institutional investors own 43.83% of the company’s stock.

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.