CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Purchases 2,819 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 2,819 shares of the stock in a transaction dated Monday, March 31st. The stock was acquired at an average price of $74.79 per share, for a total transaction of $210,833.01. Following the completion of the acquisition, the insider now directly owns 207,155 shares of the company’s stock, valued at $15,493,122.45. The trade was a 1.38 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Stock Up 0.8 %

UAN traded up $0.63 on Tuesday, hitting $75.80. 14,175 shares of the company were exchanged, compared to its average volume of 31,551. The company has a market cap of $1.30 billion, a PE ratio of 13.16 and a beta of 1.23. CVR Partners, LP has a 12 month low of $62.94 and a 12 month high of $88.94. The stock’s fifty day moving average is $77.91 and its 200-day moving average is $74.76. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10.

CVR Partners (NYSE:UAN) last released its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share for the quarter. CVR Partners had a net margin of 11.59% and a return on equity of 20.61%. The firm had revenue of $139.56 million for the quarter.

CVR Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were given a $1.75 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.00 dividend on an annualized basis and a yield of 9.23%. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. CVR Partners’s dividend payout ratio (DPR) is currently 121.53%.

Hedge Funds Weigh In On CVR Partners

Hedge funds have recently modified their holdings of the business. McIlrath & Eck LLC bought a new stake in CVR Partners in the third quarter worth approximately $51,000. Chancellor Financial Group WB LP purchased a new position in shares of CVR Partners during the fourth quarter valued at approximately $209,000. Summit Securities Group LLC lifted its position in shares of CVR Partners by 123.1% during 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 bought a new position in shares of CVR Partners during the 4th quarter valued at approximately $226,000. Finally, Stifel Financial Corp bought a new position in CVR Partners during the fourth quarter worth about $227,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

Analyst Ratings Changes

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.