Carl C. Icahn Purchases 3,284 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 3,284 shares of the business’s stock in a transaction dated Thursday, March 13th. The shares were bought at an average cost of $74.80 per share, for a total transaction of $245,643.20. Following the completion of the transaction, the insider now directly owns 200,458 shares of the company’s stock, valued at $14,994,258.40. This trade represents a 1.67 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Stock Up 0.3 %

UAN stock opened at $75.51 on Friday. 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 firm has a market capitalization of $1.29 billion, a P/E ratio of 13.11 and a beta of 1.24. CVR Partners, LP has a 52-week low of $62.94 and a 52-week high of $88.94. The company’s 50 day simple moving average is $78.85 and its 200-day simple moving average is $73.99.

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

CVR Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were paid a $1.75 dividend. This is an increase from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 annualized dividend and a yield of 9.27%. The ex-dividend date was Monday, March 3rd. CVR Partners’s dividend payout ratio is currently 121.53%.

Institutional Investors Weigh In On CVR Partners

A number of institutional investors have recently bought and sold shares of the business. Apollon Wealth Management LLC lifted its position in shares of CVR Partners by 18.4% in the fourth quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company’s stock worth $326,000 after purchasing an additional 667 shares in the last quarter. McIlrath & Eck LLC acquired a new position in CVR Partners in the 3rd quarter valued at approximately $51,000. GSA Capital Partners LLP increased 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 valued at $702,000 after buying an additional 1,187 shares during the period. Bank of America Corp DE lifted its position in CVR Partners by 13.4% in the 4th quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company’s stock worth $975,000 after buying an additional 1,520 shares in the last quarter. Finally, Summit Securities Group LLC boosted its stake in shares of CVR Partners by 123.1% during the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock valued at $220,000 after buying an additional 1,600 shares during the period. 43.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

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.