Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Purchases $245,643.20 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 3,284 shares of the company’s stock in a transaction that occurred on Thursday, March 13th. The shares were acquired at an average cost of $74.80 per share, with a total value of $245,643.20. Following the transaction, the insider now owns 200,458 shares in the company, valued at approximately $14,994,258.40. This represents a 1.67 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Stock Up 0.3 %

UAN opened at $75.51 on Friday. The company has a market cap of $1.29 billion, a PE ratio of 13.11 and a beta of 1.24. CVR Partners, LP has a 1 year low of $62.94 and a 1 year high of $88.94. The firm has a 50 day moving average price of $78.82 and a 200 day moving average price of $74.05. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10.

CVR Partners (NYSE:UAN) last released its quarterly earnings results 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 during the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%.

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 issued a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 9.27%. The ex-dividend date was Monday, March 3rd. This is a boost from CVR Partners’s previous quarterly dividend of $1.19. CVR Partners’s dividend payout ratio is currently 121.53%.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On CVR Partners

A number of institutional investors and hedge funds have recently bought and sold shares of UAN. McIlrath & Eck LLC purchased a new position in CVR Partners in the 3rd quarter worth approximately $51,000. Summit Securities Group LLC boosted its stake in shares of 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 buying an additional 1,600 shares during the last quarter. Virtu Financial LLC purchased a new position in shares of CVR Partners during the 4th quarter valued at approximately $226,000. Stifel Financial Corp purchased a new position in shares of CVR Partners during the 4th quarter valued at approximately $227,000. Finally, Raymond James Financial Inc. purchased a new position in shares of CVR Partners during the 4th quarter valued at approximately $233,000. Hedge funds and other institutional investors own 43.83% of the company’s stock.

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.