CVR Partners, LP (NYSE:UAN) Major Shareholder Purchases $188,774.46 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 2,518 shares of the company’s stock in a transaction on Monday, December 16th. The stock was acquired at an average price of $74.97 per share, for a total transaction of $188,774.46. Following the completion of the transaction, the insider now owns 147,213 shares of the company’s stock, valued at $11,036,558.61. This represents a 1.74 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Price Performance

NYSE UAN opened at $75.00 on Wednesday. CVR Partners, LP has a 1 year low of $61.62 and a 1 year high of $88.94. The business’s fifty day moving average is $72.33 and its two-hundred day moving average is $73.11. The stock has a market capitalization of $1.28 billion, a P/E ratio of 15.09 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.

CVR Partners Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date was Friday, November 8th. CVR Partners’s dividend payout ratio (DPR) is presently 95.77%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded 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 hedge funds and other institutional investors have recently modified their holdings of UAN. Oxbow Advisors LLC acquired a new stake in shares of CVR Partners during the second quarter valued at approximately $212,000. Founders Financial Alliance LLC grew its position in CVR Partners by 9.0% during the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after purchasing an additional 1,400 shares in the last quarter. Exchange Traded Concepts LLC purchased a new position in CVR Partners during the 3rd quarter worth approximately $293,000. Apollon Wealth Management LLC acquired a new stake in CVR Partners during the 3rd quarter valued at $244,000. Finally, GSA Capital Partners LLP lifted its holdings in shares of CVR Partners by 12.8% in the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after purchasing an additional 1,187 shares in the last quarter. Institutional investors and hedge funds 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.