CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Acquires 1,058 Shares

CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn purchased 1,058 shares of the business's stock in a transaction on Tuesday, March 25th. The stock was purchased at an average cost of $75.00 per share, with a total value of $79,350.00. Following the acquisition, the insider now owns 201,516 shares in the company, valued at approximately $15,113,700. This represents a 0.53 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's shares are required to disclose their sales and purchases with the SEC.

CVR Partners Price Performance

NYSE UAN traded up $0.29 on Monday, reaching $75.14. The company's stock had a trading volume of 34,086 shares, compared to its average volume of 31,620. CVR Partners, LP has a 52 week low of $62.94 and a 52 week high of $88.94. 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 firm has a market cap of $1.29 billion, a PE ratio of 13.05 and a beta of 1.23. The business has a 50-day moving average price of $78.06 and a 200 day moving average price of $74.71.

CVR Partners (NYSE:UAN - Get Free Report) last released its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share for the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%. The company had revenue of $139.56 million for the quarter.

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CVR Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 9.32%. This is a boost from CVR Partners's previous quarterly dividend of $1.19. The ex-dividend date was Monday, March 3rd. CVR Partners's dividend payout ratio is 121.53%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in UAN. Chancellor Financial Group WB LP bought a new stake in shares of CVR Partners in the 4th quarter worth about $209,000. McIlrath & Eck LLC boosted its position in CVR Partners by 137.2% in the fourth quarter. McIlrath & Eck LLC now owns 1,803 shares of the basic materials company's stock valued at $137,000 after buying an additional 1,043 shares in the last quarter. Novem Group bought a new stake in CVR Partners during the fourth quarter worth about $243,000. Bank of America Corp DE increased its holdings in shares of CVR Partners by 13.4% during the fourth quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company's stock worth $975,000 after buying an additional 1,520 shares in the last quarter. Finally, Icahn Carl C increased its holdings in shares of 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. 43.83% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of CVR Partners from a "strong-buy" rating to a "buy" rating in a research note 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.