CVR Partners, LP (NYSE:UAN) Major Shareholder Purchases $383,000.48 in Stock

CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn acquired 5,168 shares of the firm's stock in a transaction dated Wednesday, April 16th. The shares were bought at an average cost of $74.11 per share, with a total value of $383,000.48. Following the completion of the acquisition, the insider now directly owns 256,777 shares of the company's stock, valued at $19,029,743.47. The trade was a 2.05 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

CVR Partners Stock Performance

UAN stock traded up $0.61 during trading on Wednesday, reaching $75.61. The stock had a trading volume of 13,801 shares, compared to its average volume of 32,433. The firm has a market cap of $1.29 billion, a PE ratio of 13.13 and a beta of 0.89. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 1.94. The stock's 50 day moving average is $74.74 and its two-hundred day moving average is $75.04. 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 issued its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share for the quarter. The firm had revenue of $139.56 million for the quarter. CVR Partners had a net margin of 11.59% and a return on equity of 20.61%.

CVR Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were given a dividend of $1.75 per share. This is an increase from CVR Partners's previous quarterly dividend of $1.19. The ex-dividend date was Monday, March 3rd. This represents a $7.00 dividend on an annualized basis and a dividend yield of 9.26%. CVR Partners's payout ratio is presently 121.53%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On CVR Partners

A number of institutional investors have recently bought and sold shares of the stock. McIlrath & Eck LLC purchased a new stake in CVR Partners in the third quarter worth about $51,000. Apollon Wealth Management LLC increased its holdings in CVR Partners by 18.4% in the 4th quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company's stock worth $326,000 after acquiring an additional 667 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in CVR Partners in the 4th quarter worth approximately $233,000. Virtu Financial LLC bought a new stake in CVR Partners during the 4th quarter worth approximately $226,000. Finally, Summit Securities Group LLC lifted its holdings in 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. 43.83% of the stock is owned by institutional investors.

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.