Carl C. Icahn Buys 500 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn acquired 500 shares of CVR Partners stock in a transaction that occurred on Thursday, April 3rd. The shares were purchased at an average price of $74.98 per share, with a total value of $37,490.00. Following the transaction, the insider now owns 207,686 shares of the company's stock, valued at $15,572,296.28. The trade was a 0.24 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Major 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

UAN stock traded up $3.76 during midday trading on Friday, hitting $71.60. The company's stock had a trading volume of 29,180 shares, compared to its average volume of 32,393. CVR Partners, LP has a 12 month low of $62.94 and a 12 month high of $88.94. The company has a 50 day moving average of $75.52 and a two-hundred day moving average of $74.76. The company has a quick ratio of 1.44, a current ratio of 2.10 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 12.43 and a beta of 0.89.

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

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CVR Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were issued a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 9.78%. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of UAN. Apollon Wealth Management LLC grew its stake in CVR Partners by 18.4% in the fourth quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company's stock worth $326,000 after purchasing an additional 667 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in CVR Partners in the third quarter worth about $51,000. Bank of America Corp DE lifted its stake 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 during the period. Summit Securities Group LLC grew its stake in CVR Partners by 123.1% during the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company's stock valued at $220,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Chancellor Financial Group WB LP purchased a new stake in shares of CVR Partners in the 4th quarter valued at $209,000. 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.