Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Acquires 2,287 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 2,287 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were acquired at an average cost of $74.55 per share, for a total transaction of $170,495.85. Following the purchase, the insider now owns 153,155 shares of the company’s stock, valued at approximately $11,417,705.25. The trade was a 1.52 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Trading Up 1.4 %

NYSE UAN opened at $74.21 on Friday. The stock has a market cap of $1.27 billion, a PE ratio of 14.93 and a beta of 1.35. CVR Partners, LP has a 12 month low of $61.62 and a 12 month high of $88.94. The company’s 50-day moving average price is $72.71 and its 200-day moving average price is $73.02. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91.

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 6.41%. The ex-dividend date of this dividend was Friday, November 8th. CVR Partners’s dividend payout ratio (DPR) is presently 95.77%.

Institutional Trading of CVR Partners

A number of large investors have recently modified their holdings of the company. McIlrath & Eck LLC bought a new stake in CVR Partners during the 3rd quarter valued at $51,000. Oxbow Advisors LLC lifted its stake in CVR Partners by 10.5% in the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock worth $208,000 after acquiring an additional 295 shares during the period. Apollon Wealth Management LLC bought a new position in CVR Partners during the 3rd quarter worth about $244,000. Exchange Traded Concepts LLC purchased a new position in CVR Partners during the 3rd quarter valued at about $293,000. Finally, GSA Capital Partners LLP increased its position in CVR Partners by 12.8% during the 3rd 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 during the period. Hedge funds and other institutional investors own 43.83% of the company’s stock.

Analyst Ratings Changes

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

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.