CVR Partners, LP (NYSE:UAN) Major Shareholder Purchases $197,894.40 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 2,640 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The stock was purchased at an average price of $74.96 per share, for a total transaction of $197,894.40. Following the purchase, the insider now owns 204,336 shares of the company’s stock, valued at $15,317,026.56. The trade was a 1.31 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

CVR Partners Price Performance

NYSE UAN opened at $75.80 on Wednesday. The firm’s 50-day simple moving average is $77.91 and its two-hundred day simple moving average is $74.76. 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 52 week low of $62.94 and a 52 week high of $88.94. 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 posted its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.73 EPS for the quarter. The firm had revenue of $139.56 million during the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%.

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 issued a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 9.23%. The ex-dividend date was Monday, March 3rd. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. CVR Partners’s payout ratio is presently 121.53%.

Institutional Investors Weigh In On CVR Partners

Several hedge funds and other institutional investors have recently modified their holdings of the stock. McIlrath & Eck LLC bought a new position in shares of CVR Partners in the third quarter valued at approximately $51,000. Apollon Wealth Management LLC lifted its stake in CVR Partners by 18.4% in the 4th quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company’s stock worth $326,000 after purchasing an additional 667 shares in the last quarter. Raymond James Financial Inc. bought a new position in CVR Partners in the 4th quarter valued at $233,000. Virtu Financial LLC purchased a new position in shares of CVR Partners during the 4th quarter valued at $226,000. Finally, Summit Securities Group LLC increased its holdings in shares of CVR Partners by 123.1% in the fourth 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 during the period. 43.83% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.