Carl C. Icahn Purchases 2,819 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 2,819 shares of the business’s stock in a transaction dated Monday, March 31st. The shares were acquired at an average cost of $74.79 per share, for a total transaction of $210,833.01. Following the transaction, the insider now directly owns 207,155 shares in the company, valued at approximately $15,493,122.45. This represents a 1.38 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

CVR Partners Price Performance

Shares of NYSE:UAN opened at $76.43 on Thursday. CVR Partners, LP has a 12 month low of $62.94 and a 12 month high of $88.94. The firm has a market capitalization of $1.31 billion, a P/E ratio of 13.27 and a beta of 1.23. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.10 and a quick ratio of 1.44. The company’s fifty day moving average price is $77.81 and its 200 day moving average price is $74.78.

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

CVR Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were paid a $1.75 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.00 dividend on an annualized basis and a yield of 9.16%. This is a boost from CVR Partners’s previous quarterly dividend of $1.19. CVR Partners’s payout ratio is currently 121.53%.

Analyst Ratings Changes

Separately, StockNews.com cut shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st.

Institutional Investors Weigh In On CVR Partners

Several large investors have recently modified their holdings of the company. McIlrath & Eck LLC purchased a new stake in CVR Partners in the 3rd quarter valued at $51,000. Chancellor Financial Group WB LP purchased a new stake in shares of CVR Partners in the fourth quarter valued at about $209,000. Summit Securities Group LLC boosted its stake in shares of CVR Partners by 123.1% during the fourth quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock worth $220,000 after buying an additional 1,600 shares during the period. Virtu Financial LLC purchased a new position in shares of CVR Partners during the fourth quarter worth about $226,000. Finally, Stifel Financial Corp acquired a new position in CVR Partners in the 4th quarter valued at about $227,000. 43.83% of the stock is owned by institutional investors and hedge funds.

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.