CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Acquires 4,265 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 4,265 shares of the company’s stock in a transaction that occurred on Monday, April 14th. The shares were purchased at an average price of $72.05 per share, for a total transaction of $307,293.25. Following the transaction, the insider now owns 246,441 shares of the company’s stock, valued at $17,756,074.05. This trade represents a 1.76 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Price Performance

Shares of NYSE UAN opened at $72.98 on Thursday. The firm has a market cap of $1.25 billion, a PE ratio of 12.67 and a beta of 0.89. The firm has a fifty day moving average of $75.07 and a 200 day moving average of $74.82. 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, LP has a one year low of $62.94 and a one year high of $88.94.

CVR Partners (NYSE:UAN) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.73 EPS for the quarter. The business 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 company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were issued a $1.75 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.00 dividend on an annualized basis and a yield of 9.59%. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. CVR Partners’s dividend payout ratio (DPR) is presently 121.53%.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On CVR Partners

A number of large investors have recently modified their holdings of the business. Virtu Financial LLC purchased a new position in CVR Partners during the fourth quarter worth approximately $226,000. Rangeley Capital LLC purchased a new stake in CVR Partners in the fourth quarter valued at $1,823,000. Summit Securities Group LLC lifted its stake in shares of CVR Partners by 123.1% in 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. McIlrath & Eck LLC purchased a new position in shares of CVR Partners during the 3rd quarter worth $51,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of CVR Partners during the 4th quarter worth about $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.