CVR Partners, LP (NYSE:UAN) Major Shareholder Buys $213,368.84 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 2,851 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $74.84 per share, with a total value of $213,368.84. Following the completion of the purchase, the insider now directly owns 144,695 shares of the company’s stock, valued at $10,828,973.80. This represents a 2.01 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at 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

NYSE UAN opened at $73.21 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. CVR Partners, LP has a 1-year low of $61.62 and a 1-year high of $88.94. The business has a 50 day simple moving average of $72.56 and a two-hundred day simple moving average of $73.07. The stock has a market capitalization of $1.25 billion, a PE ratio of 14.73 and a beta of 1.35.

CVR Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.50%. The ex-dividend date was Friday, November 8th. CVR Partners’s dividend payout ratio (DPR) is presently 95.77%.

Analyst Ratings Changes

Separately, StockNews.com lowered CVR Partners from a “strong-buy” rating to a “buy” rating in a research report on Wednesday.

Institutional Investors Weigh In On CVR Partners

Several large investors have recently bought and sold shares of the business. De Lisle Partners LLP lifted its position in CVR Partners by 18.1% during the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock valued at $3,071,000 after purchasing an additional 7,000 shares during the last quarter. Founders Financial Alliance LLC lifted its holdings in shares of CVR Partners by 9.0% in the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after acquiring an additional 1,400 shares during the last quarter. GSA Capital Partners LLP grew its position in CVR Partners by 12.8% in the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after acquiring an additional 1,187 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in CVR Partners during the third quarter worth approximately $293,000. Finally, Apollon Wealth Management LLC purchased a new stake in CVR Partners during the third quarter valued at approximately $244,000. Institutional investors own 43.83% of the company’s stock.

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.