Carl C. Icahn Purchases 7,927 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 7,927 shares of CVR Partners stock in a transaction that occurred on Wednesday, November 13th. The stock was purchased at an average price of $71.51 per share, with a total value of $566,859.77. Following the transaction, the insider now owns 82,884 shares in the company, valued at $5,927,034.84. This represents a 10.58 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

CVR Partners Stock Performance

Shares of UAN opened at $72.32 on Friday. The company has a market capitalization of $1.24 billion, a PE ratio of 14.55 and a beta of 1.28. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.44 and a current ratio of 2.15. The company’s 50 day moving average price is $69.04 and its 200 day moving average price is $74.22. CVR Partners, LP has a 52 week low of $60.50 and a 52 week high of $88.94.

CVR Partners Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 6.58%. The ex-dividend date is Friday, November 8th. CVR Partners’s dividend payout ratio is currently 95.77%.

Institutional Trading of CVR Partners

Several hedge funds and other institutional investors have recently modified their holdings of UAN. SG Americas Securities LLC acquired a new position in CVR Partners in the 1st quarter worth about $820,000. De Lisle Partners LLP grew its stake in shares of CVR Partners by 18.1% in the 3rd quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock valued at $3,071,000 after buying an additional 7,000 shares in the last quarter. Virtu Financial LLC acquired a new position in CVR Partners in the first quarter worth approximately $506,000. Exchange Traded Concepts LLC acquired a new stake in CVR Partners in the third quarter valued at approximately $293,000. Finally, Apollon Wealth Management LLC bought a new stake in CVR Partners in the third quarter worth approximately $244,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded CVR Partners from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th.

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.