Carl C. Icahn Purchases 10,697 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 10,697 shares of CVR Partners stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $71.82 per share, with a total value of $768,258.54. Following the completion of the purchase, the insider now directly owns 66,249 shares in the company, valued at $4,758,003.18. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Stock Performance

NYSE UAN traded down $0.70 on Wednesday, reaching $71.22. 33,232 shares of the stock were exchanged, compared to its average volume of 35,006. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91. CVR Partners, LP has a one year low of $60.50 and a one year high of $88.94. The firm has a market capitalization of $1.22 billion, a PE ratio of 14.33 and a beta of 1.28. The company’s 50-day simple moving average is $68.87 and its two-hundred day simple moving average is $74.25.

CVR Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be given a dividend of $1.19 per share. The ex-dividend date is Friday, November 8th. This represents a $4.76 annualized dividend and a dividend yield of 6.68%. CVR Partners’s payout ratio is 95.77%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of UAN. Exchange Traded Concepts LLC bought a new stake in CVR Partners during the third quarter valued at about $293,000. SG Americas Securities LLC purchased a new stake in shares of CVR Partners during the first quarter worth about $820,000. Oxbow Advisors LLC bought a new stake in CVR Partners during the 2nd quarter valued at approximately $212,000. Founders Financial Alliance LLC lifted its holdings in 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 worth $1,279,000 after purchasing an additional 1,400 shares in the last quarter. Finally, Apollon Wealth Management LLC purchased a new stake in CVR Partners during the 3rd quarter valued at approximately $244,000. Hedge funds and other institutional investors own 43.83% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.