CVR Partners, LP (NYSE:UAN) Major Shareholder Acquires $404,632.15 in Stock

CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn bought 6,071 shares of the company's stock in a transaction that occurred on Monday, April 7th. The shares were bought at an average price of $66.65 per share, for a total transaction of $404,632.15. Following the transaction, the insider now directly owns 219,620 shares in the company, valued at $14,637,673. This trade represents a 2.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

CVR Partners Stock Up 5.5 %

Shares of NYSE:UAN traded up $3.76 on Friday, hitting $71.60. 29,180 shares of the company traded hands, compared to its average volume of 32,393. CVR Partners, LP has a 52 week low of $62.94 and a 52 week high of $88.94. The company has a market cap of $1.23 billion, a PE ratio of 12.43 and a beta of 0.89. The stock has a 50 day simple moving average of $75.52 and a 200-day simple moving average of $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 (NYSE:UAN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter. CVR Partners had a net margin of 11.59% and a return on equity of 20.61%. The company had revenue of $139.56 million for the quarter.

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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. This represents a $7.00 annualized dividend and a dividend yield of 9.78%. This is a boost from CVR Partners's previous quarterly dividend of $1.19. The ex-dividend date of this dividend was Monday, March 3rd. CVR Partners's dividend payout ratio (DPR) is presently 121.53%.

Institutional Investors Weigh In On CVR Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC purchased a new stake in CVR Partners in the third quarter valued at $51,000. Apollon Wealth Management LLC grew its stake in CVR Partners by 18.4% during the 4th quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company's stock worth $326,000 after buying an additional 667 shares during the last quarter. Raymond James Financial Inc. acquired a new position in CVR Partners in the fourth quarter valued at $233,000. Virtu Financial LLC acquired a new stake in shares of CVR Partners during the fourth quarter worth $226,000. Finally, Summit Securities Group LLC increased its position 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 purchasing an additional 1,600 shares during the period. Hedge funds and other institutional investors own 43.83% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut 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.