Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Buys 3,937 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 3,937 shares of the stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $74.57 per share, for a total transaction of $293,582.09. Following the completion of the purchase, the insider now owns 193,050 shares in the company, valued at approximately $14,395,738.50. This represents a 2.08 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Trading Up 0.3 %

UAN stock opened at $75.51 on Friday. The firm has a market cap 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 $78.82 and its 200-day simple moving average is $74.05. The company has a quick ratio of 1.44, a current ratio of 2.10 and a debt-to-equity ratio of 1.94.

CVR Partners (NYSE:UAN) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share for the quarter. The firm 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 business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were paid a $1.75 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 dividend on an annualized basis and a yield of 9.27%. CVR Partners’s dividend payout ratio (DPR) is currently 121.53%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. McIlrath & Eck LLC purchased a new position in CVR Partners in the 3rd quarter valued at about $51,000. Summit Securities Group LLC lifted its stake in CVR Partners by 123.1% in the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock worth $220,000 after purchasing an additional 1,600 shares in the last quarter. Virtu Financial LLC purchased a new position in CVR Partners in the 4th quarter worth approximately $226,000. Stifel Financial Corp purchased a new position in CVR Partners in the 4th quarter worth approximately $227,000. Finally, Raymond James Financial Inc. purchased a new position in CVR Partners in the 4th quarter worth approximately $233,000. 43.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.