Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Acquires 2,640 Shares of Stock

CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn purchased 2,640 shares of the business's stock in a transaction dated Friday, March 28th. The stock was bought at an average price of $74.96 per share, for a total transaction of $197,894.40. Following the completion of the acquisition, the insider now directly owns 204,336 shares in the company, valued at approximately $15,317,026.56. This trade represents a 1.31 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

CVR Partners Stock Down 7.1 %

Shares of UAN stock traded down $5.35 during trading hours on Friday, reaching $69.90. 98,881 shares of the company's stock were exchanged, compared to its average volume of 31,643. The stock has a market cap of $1.20 billion, a PE ratio of 12.14 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 fifty day moving average price is $77.42 and its two-hundred day moving average price is $74.87. CVR Partners, LP has a 1 year low of $62.94 and a 1 year high of $88.94.

CVR Partners (NYSE:UAN - Get Free Report) last announced 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%.

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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 issued a $1.75 dividend. This is an increase from CVR Partners's previous quarterly dividend of $1.19. This represents a $7.00 annualized dividend and a dividend yield of 10.01%. The ex-dividend date was Monday, March 3rd. CVR Partners's dividend payout ratio is 121.53%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in UAN. Chancellor Financial Group WB LP acquired a new position in shares of CVR Partners in the 4th quarter valued at about $209,000. McIlrath & Eck LLC grew its stake in shares of CVR Partners by 137.2% during the 4th quarter. McIlrath & Eck LLC now owns 1,803 shares of the basic materials company's stock worth $137,000 after purchasing an additional 1,043 shares during the period. Novem Group purchased a new position in shares of CVR Partners during the 4th quarter valued at approximately $243,000. Bank of America Corp DE lifted its stake in shares of CVR Partners by 13.4% in the 4th quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company's stock valued at $975,000 after purchasing an additional 1,520 shares during the period. Finally, Icahn Carl C boosted its holdings in CVR Partners by 4.5% during the fourth quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company's stock worth $308,868,000 after buying an additional 174,192 shares in the last quarter. Hedge funds and other institutional investors own 43.83% of the company's stock.

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.