CVR Partners, LP (NYSE:UAN) Major Shareholder Buys $186,785.64 in Stock

CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn purchased 2,532 shares of the stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $73.77 per share, with a total value of $186,785.64. Following the completion of the acquisition, the insider now owns 184,216 shares in the company, valued at approximately $13,589,614.32. This represents a 1.39 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 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 1.6 %

UAN stock traded up $1.18 during mid-day trading on Friday, hitting $76.27. 24,952 shares of the company were exchanged, compared to its average volume of 33,872. The company has a market capitalization of $1.31 billion, a PE ratio of 13.24 and a beta of 1.23. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 1.94. CVR Partners, LP has a twelve month low of $62.94 and a twelve month high of $88.94. The firm has a fifty day simple moving average of $78.94 and a 200 day simple moving average of $73.89.

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 company had revenue of $139.56 million during the quarter. CVR Partners had a net margin of 11.59% and a return on equity of 20.61%.

Remove Ads

CVR Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, March 3rd will be issued a dividend of $1.75 per share. This is a positive change from CVR Partners's previous quarterly dividend of $1.19. This represents a $7.00 annualized dividend and a yield of 9.18%. The ex-dividend date of this dividend is Monday, March 3rd. CVR Partners's dividend payout ratio (DPR) is currently 121.53%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Icahn Carl C lifted its position in shares of CVR Partners by 4.5% in the 4th 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 during the last quarter. Rangeley Capital LLC bought a new position in shares of CVR Partners in the 4th quarter worth about $1,823,000. De Lisle Partners LLP lifted its position in shares of CVR Partners by 18.1% in the 3rd quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company's stock worth $3,071,000 after buying an additional 7,000 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new position in shares of CVR Partners in the 4th quarter worth about $480,000. Finally, Apollon Wealth Management LLC bought a new position in shares of CVR Partners in the 3rd quarter worth about $244,000. 43.83% of the stock is owned by institutional investors and hedge funds.

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.

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.