CVR Partners, LP (NYSE:UAN) Major Shareholder Purchases $460,312.44 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 6,202 shares of CVR Partners stock in a transaction that occurred on Friday, December 20th. The stock was bought at an average price of $74.22 per share, with a total value of $460,312.44. Following the purchase, the insider now directly owns 162,457 shares of the company’s stock, valued at approximately $12,057,558.54. This trade represents a 3.97 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Stock Up 1.4 %

UAN opened at $74.21 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.44 and a current ratio of 2.15. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 14.93 and a beta of 1.35. CVR Partners, LP has a one year low of $61.62 and a one year high of $88.94. The business’s fifty day moving average is $72.71 and its two-hundred day moving average is $73.02.

CVR Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a $1.19 dividend. The ex-dividend date was Friday, November 8th. This represents a $4.76 dividend on an annualized basis and a yield of 6.41%. CVR Partners’s payout ratio is 95.77%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

Hedge Funds Weigh In On CVR Partners

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. De Lisle Partners LLP grew its position in shares of CVR Partners by 18.1% in the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock valued at $3,071,000 after purchasing an additional 7,000 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in CVR Partners during the 3rd quarter valued at $293,000. Apollon Wealth Management LLC purchased a new position in CVR Partners during the third quarter worth $244,000. Oxbow Advisors LLC acquired a new position in shares of CVR Partners in the second quarter worth $212,000. Finally, Founders Financial Alliance LLC lifted its position in shares of CVR Partners by 9.0% in the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after acquiring an additional 1,400 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.