CVR Partners, LP (NYSE:UAN) Major Shareholder Buys $768,258.54 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 10,697 shares of the firm’s stock in a transaction on Monday, November 11th. The stock was bought at an average cost of $71.82 per share, with a total value of $768,258.54. Following the acquisition, the insider now owns 66,249 shares of the company’s stock, valued at approximately $4,758,003.18. The trade was a 19.26 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Trading Down 0.2 %

Shares of NYSE:UAN opened at $72.19 on Friday. The business has a 50-day moving average price of $69.14 and a 200-day moving average price of $74.15. The stock has a market cap of $1.24 billion, a price-to-earnings ratio of 14.53 and a beta of 1.28. CVR Partners, LP has a 52-week low of $60.50 and a 52-week high of $88.94. 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 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Shareholders of record on Friday, November 8th will be paid a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a yield of 6.59%. The ex-dividend date of this dividend is Friday, November 8th. CVR Partners’s payout ratio is 95.77%.

Institutional Trading of CVR Partners

A number of hedge funds and other institutional investors have recently made changes to their positions in UAN. SG Americas Securities LLC purchased a new stake in CVR Partners in the first quarter valued at $820,000. Virtu Financial LLC purchased a new stake in shares of CVR Partners in the first quarter worth about $506,000. Oxbow Advisors LLC purchased a new stake in shares of CVR Partners in the second quarter worth about $212,000. Founders Financial Alliance LLC grew its holdings in CVR Partners by 9.0% during the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after acquiring an additional 1,400 shares during the period. Finally, Exchange Traded Concepts LLC purchased a new position in CVR Partners during the third quarter valued at approximately $293,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded CVR Partners from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, October 30th.

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.