Carl C. Icahn Purchases 3,937 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 3,937 shares of CVR Partners stock in a transaction dated Tuesday, March 11th. The shares were purchased at an average cost of $74.57 per share, for a total transaction of $293,582.09. Following the transaction, the insider now owns 193,050 shares in the company, valued at approximately $14,395,738.50. This trade represents a 2.08 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Trading Up 0.3 %

NYSE UAN opened at $75.51 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.10 and a quick ratio of 1.44. The stock has a market capitalization of $1.29 billion, a P/E ratio of 13.11 and a beta of 1.24. The firm’s 50-day moving average is $78.85 and its two-hundred day moving average is $73.99. CVR Partners, LP has a 12 month low of $62.94 and a 12 month high of $88.94.

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

CVR Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were paid a $1.75 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This is a boost from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 dividend on an annualized basis and a dividend yield of 9.27%. CVR Partners’s payout ratio is presently 121.53%.

Institutional Investors Weigh In On CVR Partners

Several institutional investors and hedge funds have recently modified their holdings of UAN. Icahn Carl C grew its position in CVR Partners by 4.5% in the 4th quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company’s stock valued at $308,868,000 after acquiring an additional 174,192 shares in the last quarter. Rangeley Capital LLC purchased a new position in shares of CVR Partners in the fourth quarter valued at approximately $1,823,000. De Lisle Partners LLP grew its holdings in shares of CVR Partners by 18.1% in 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 in the last quarter. Susquehanna Fundamental Investments LLC purchased a new stake in CVR Partners during the 4th quarter worth approximately $480,000. Finally, Apollon Wealth Management LLC acquired a new stake in CVR Partners during the 3rd quarter worth approximately $244,000. Hedge funds and other institutional investors own 43.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.