Carl C. Icahn Acquires 2,819 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn bought 2,819 shares of the business's stock in a transaction dated Monday, March 31st. The stock was purchased at an average price of $74.79 per share, for a total transaction of $210,833.01. Following the acquisition, the insider now directly owns 207,155 shares of the company's stock, valued at approximately $15,493,122.45. The trade was a 1.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

CVR Partners Trading Down 7.1 %

UAN stock traded down $5.35 during trading on Friday, reaching $69.90. The company had a trading volume of 98,881 shares, compared to its average volume of 31,643. The business has a 50 day moving average of $77.42 and a 200 day moving average of $74.87. 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 company has a market cap of $1.20 billion, a P/E ratio of 12.14 and a beta of 0.89. CVR Partners, LP has a 52 week low of $62.94 and a 52 week high of $88.94.

CVR Partners (NYSE:UAN - Get Free Report) last released its earnings results on Tuesday, February 18th. The basic materials company reported $1.73 EPS for the quarter. The company had revenue of $139.56 million during the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%.

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CVR Partners Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were given a dividend of $1.75 per share. 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 yield of 10.01%. The ex-dividend date of this dividend was Monday, March 3rd. CVR Partners's dividend payout ratio (DPR) is 121.53%.

Hedge Funds Weigh In On CVR Partners

Several large investors have recently made changes to their positions in the business. McIlrath & Eck LLC bought a new stake in CVR Partners during the 3rd quarter valued at about $51,000. Chancellor Financial Group WB LP purchased a new position in CVR Partners in the 4th quarter worth approximately $209,000. Summit Securities Group LLC raised its holdings in CVR Partners by 123.1% in the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company's stock worth $220,000 after acquiring an additional 1,600 shares during the last quarter. Virtu Financial LLC bought a new position in CVR Partners in the 4th quarter valued at approximately $226,000. Finally, Stifel Financial Corp bought a new stake in shares of CVR Partners in the 4th quarter worth $227,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

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.