CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Purchases 1,058 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 1,058 shares of CVR Partners stock in a transaction dated Tuesday, March 25th. The shares were bought at an average cost of $75.00 per share, with a total value of $79,350.00. Following the completion of the purchase, the insider now owns 201,516 shares in the company, valued at approximately $15,113,700. This represents a 0.53 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Stock Performance

Shares of UAN opened at $74.70 on Friday. CVR Partners, LP has a one year low of $62.94 and a one year high of $88.94. The company has a 50-day moving average of $78.23 and a two-hundred day moving average of $74.58. 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 stock has a market cap of $1.28 billion, a price-to-earnings ratio of 12.97 and a beta of 1.23.

CVR Partners (NYSE:UAN) last posted its quarterly earnings data 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 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 9.37%. 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

Institutional investors have recently bought and sold shares of the business. McIlrath & Eck LLC purchased a new stake in shares of CVR Partners in the third quarter worth approximately $51,000. Chancellor Financial Group WB LP acquired a new position in CVR Partners in the 4th quarter valued at approximately $209,000. Summit Securities Group LLC lifted its position 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 buying an additional 1,600 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of CVR Partners during the 4th quarter valued at $226,000. Finally, Stifel Financial Corp acquired a new position in shares of CVR Partners in the fourth quarter worth $227,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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