CVR Partners, LP (NYSE:UAN) Major Shareholder Purchases $69,001.32 in Stock

CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn purchased 921 shares of the stock in a transaction dated Thursday, December 26th. The shares were purchased at an average price of $74.92 per share, with a total value of $69,001.32. Following the completion of the acquisition, the insider now owns 169,654 shares of the company's stock, valued at approximately $12,710,477.68. This represents a 0.55 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

CVR Partners Trading Down 1.1 %

NYSE:UAN traded down $0.81 during mid-day trading on Thursday, reaching $75.14. The company's stock had a trading volume of 30,895 shares, compared to its average volume of 35,533. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. The stock has a market cap of $1.29 billion, a P/E ratio of 15.12 and a beta of 1.35. The company's fifty day simple moving average is $73.03 and its two-hundred day simple moving average is $72.88. CVR Partners, LP has a twelve month low of $61.62 and a twelve month high of $88.94.

CVR Partners Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a $1.19 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $4.76 annualized dividend and a dividend yield of 6.33%. CVR Partners's dividend payout ratio is presently 95.77%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered CVR Partners from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, December 18th.

Hedge Funds Weigh In On CVR Partners

Several institutional investors and hedge funds have recently bought and sold shares of the stock. De Lisle Partners LLP raised its holdings in shares of CVR Partners by 18.1% in the 3rd quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company's stock worth $3,071,000 after purchasing an additional 7,000 shares during the period. Exchange Traded Concepts LLC acquired a new position in CVR Partners during the third quarter valued at approximately $293,000. Apollon Wealth Management LLC purchased a new stake in CVR Partners during the third quarter worth approximately $244,000. Oxbow Advisors LLC acquired a new stake in shares of CVR Partners in the second quarter worth $212,000. Finally, Founders Financial Alliance LLC raised its stake in shares of 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 valued at $1,279,000 after acquiring an additional 1,400 shares during the period. 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.