CVR Partners, LP (NYSE:UAN) Major Shareholder Buys $307,293.25 in Stock

CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn bought 4,265 shares of the company's stock in a transaction dated Monday, April 14th. The shares were purchased at an average price of $72.05 per share, with a total value of $307,293.25. Following the completion of the acquisition, the insider now owns 246,441 shares of the company's stock, valued at $17,756,074.05. This trade represents a 1.76 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

CVR Partners Stock Up 2.0 %

Shares of UAN traded up $1.44 on Friday, reaching $74.44. The stock had a trading volume of 16,436 shares, compared to its average volume of 32,516. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 12.92 and a beta of 0.89. The company has a 50-day simple moving average of $74.86 and a 200-day simple moving average of $74.91. CVR Partners, LP has a 12-month low of $62.94 and a 12-month high of $88.94. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10.

CVR Partners (NYSE:UAN - Get Free Report) last released its earnings results 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 business also recently disclosed 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 represents a $7.00 dividend on an annualized basis and a yield of 9.40%. The ex-dividend date was Monday, March 3rd. This is a positive change from CVR Partners's previous quarterly dividend of $1.19. CVR Partners's dividend payout ratio (DPR) is 121.53%.

Institutional Investors Weigh In On CVR Partners

A number of institutional investors have recently modified their holdings of the stock. McIlrath & Eck LLC purchased a new stake in CVR Partners during the 3rd quarter valued at about $51,000. Chancellor Financial Group WB LP purchased a new stake in CVR Partners during the 4th quarter valued at $209,000. Summit Securities Group LLC increased its holdings in shares of 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 purchasing an additional 1,600 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of CVR Partners in the fourth quarter worth $226,000. Finally, Stifel Financial Corp purchased a new stake in shares of CVR Partners during the fourth quarter valued at $227,000. 43.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of CVR Partners from a "strong-buy" rating to a "buy" rating in a report 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.