CVR Partners, LP (NYSE:UAN) Major Shareholder Purchases $463,708.96 in Stock

CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn bought 6,236 shares of CVR Partners stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of $74.36 per share, for a total transaction of $463,708.96. Following the completion of the transaction, the insider now directly owns 168,693 shares in the company, valued at approximately $12,544,011.48. This trade represents a 3.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.

CVR Partners Stock Down 1.1 %

UAN stock traded down $0.81 on Thursday, reaching $75.14. 30,895 shares of the company traded hands, 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 firm has a fifty day simple moving average of $73.03 and a 200-day simple moving average of $72.88. CVR Partners, LP has a one year low of $61.62 and a one year high of $88.94. The company has a market cap of $1.29 billion, a P/E ratio of 15.12 and a beta of 1.35.

CVR Partners Cuts Dividend

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

Institutional Trading of CVR Partners

Several institutional investors have recently bought and sold shares of UAN. McIlrath & Eck LLC bought a new stake in shares of CVR Partners in the 3rd quarter worth $51,000. Oxbow Advisors LLC bought a new position in shares of CVR Partners during the 2nd quarter valued at $212,000. Apollon Wealth Management LLC purchased a new position in shares of CVR Partners in the third quarter worth approximately $244,000. Exchange Traded Concepts LLC bought a new stake in CVR Partners during the third quarter valued at approximately $293,000. Finally, GSA Capital Partners LLP increased its holdings in CVR Partners by 12.8% during the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company's stock valued at $702,000 after buying an additional 1,187 shares during the last quarter. 43.83% of the stock is owned by hedge funds and other institutional investors.

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 Wednesday, December 18th.

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.