CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Purchases 6,071 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 6,071 shares of the company’s stock in a transaction dated Monday, April 7th. The stock was acquired at an average price of $66.65 per share, for a total transaction of $404,632.15. Following the acquisition, the insider now owns 219,620 shares in the company, valued at approximately $14,637,673. The trade was a 2.84 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 Stock Down 5.6 %

Shares of NYSE UAN traded down $3.89 during mid-day trading on Monday, reaching $65.70. The company had a trading volume of 111,471 shares, compared to its average volume of 31,961. The firm has a 50 day simple moving average of $77.42 and a two-hundred day simple moving average of $74.87. 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 stock has a market cap of $1.12 billion, a P/E ratio of 11.41 and a beta of 0.89.

CVR Partners (NYSE:UAN) last issued its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share (EPS) 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.

CVR Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were paid a $1.75 dividend. The ex-dividend date was Monday, March 3rd. This represents a $7.00 dividend on an annualized basis and a yield of 10.66%. This is a boost from CVR Partners’s previous quarterly dividend of $1.19. CVR Partners’s payout ratio is currently 121.53%.

Institutional Investors Weigh In On CVR Partners

Several large investors have recently modified their holdings of UAN. Icahn Carl C raised its position in 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 valued at $308,868,000 after purchasing an additional 174,192 shares during the last quarter. Rangeley Capital LLC acquired a new position in CVR Partners in the fourth quarter valued at $1,823,000. Susquehanna Fundamental Investments LLC acquired a new position in CVR Partners in the fourth quarter valued at $480,000. Novem Group purchased a new stake in shares of CVR Partners in the fourth quarter valued at about $243,000. Finally, MGO One Seven LLC acquired a new stake in shares of CVR Partners during the fourth quarter worth about $243,000. 43.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com downgraded 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.