Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Acquires 3,746 Shares of Stock

CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn bought 3,746 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was purchased at an average cost of $74.97 per share, with a total value of $280,837.62. Following the transaction, the insider now directly owns 177,938 shares in the company, valued at approximately $13,340,011.86. This represents a 2.15 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Major shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

CVR Partners Stock Up 1.6 %

UAN traded up $1.18 during trading on Friday, hitting $76.27. 24,952 shares of the company's stock traded hands, compared to its average volume of 33,872. The company's 50 day simple moving average is $78.94 and its two-hundred day simple moving average is $73.89. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 1.94. CVR Partners, LP has a 12-month low of $62.94 and a 12-month high of $88.94. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 13.24 and a beta of 1.23.

CVR Partners (NYSE:UAN - Get Free Report) last issued its earnings results on Tuesday, February 18th. The basic materials company reported $1.73 EPS for the quarter. The business had revenue of $139.56 million for 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 company also recently declared a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, March 3rd will be paid a $1.75 dividend. This is an increase 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 9.18%. The ex-dividend date of this dividend is Monday, March 3rd. CVR Partners's dividend payout ratio (DPR) is 121.53%.

Hedge Funds Weigh In On CVR Partners

Institutional investors have recently bought and sold shares of the stock. McIlrath & Eck LLC bought a new position in CVR Partners in the 3rd quarter worth $51,000. Summit Securities Group LLC grew its position in shares of CVR Partners by 123.1% during the fourth quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company's stock valued at $220,000 after purchasing an additional 1,600 shares in the last quarter. Virtu Financial LLC purchased a new position in CVR Partners in the fourth quarter worth about $226,000. Stifel Financial Corp purchased a new position in CVR Partners in the fourth quarter worth about $227,000. Finally, Raymond James Financial Inc. purchased a new position in shares of CVR Partners during the fourth quarter valued at approximately $233,000. 43.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded CVR Partners from a "strong-buy" rating to a "buy" rating in a research note 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.