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

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 2,819 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average cost 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. This represents a 1.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Trading Up 0.8 %

NYSE:UAN opened at $75.80 on Wednesday. The company has a market cap of $1.30 billion, a PE ratio of 13.16 and a beta of 1.23. The business’s 50 day moving average is $77.91 and its two-hundred day moving average is $74.76. 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, LP has a 52 week low of $62.94 and a 52 week high of $88.94.

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

CVR Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were issued a $1.75 dividend. The ex-dividend date was Monday, March 3rd. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 annualized dividend and a dividend yield of 9.23%. CVR Partners’s payout ratio is 121.53%.

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.

Institutional Investors Weigh In On CVR Partners

Several institutional investors and hedge funds have recently bought and sold shares of the business. McIlrath & Eck LLC bought a new position in shares of CVR Partners during the third quarter valued at approximately $51,000. Summit Securities Group LLC grew its stake in 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 during the last quarter. Virtu Financial LLC acquired a new stake in CVR Partners in the fourth quarter worth $226,000. Apollon Wealth Management LLC lifted its stake in CVR Partners by 18.4% in the fourth quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company’s stock valued at $326,000 after buying an additional 667 shares during the last quarter. Finally, Novem Group bought a new stake in CVR Partners in the fourth quarter valued at $243,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

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.