CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Acquires 2,851 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 2,851 shares of the stock in a transaction on Friday, December 13th. The stock was acquired at an average cost of $74.84 per share, for a total transaction of $213,368.84. Following the completion of the acquisition, the insider now owns 144,695 shares of the company’s stock, valued at $10,828,973.80. The trade was a 2.01 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

CVR Partners Trading Down 0.1 %

CVR Partners stock opened at $75.00 on Wednesday. The firm has a market cap of $1.28 billion, a PE ratio of 15.09 and a beta of 1.35. CVR Partners, LP has a 12 month low of $61.62 and a 12 month high of $88.94. The stock’s 50 day simple moving average is $72.33 and its two-hundred day simple moving average is $73.11. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91.

CVR Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a yield of 6.35%. The ex-dividend date was Friday, November 8th. CVR Partners’s dividend payout ratio (DPR) is presently 95.77%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut CVR Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UAN. McIlrath & Eck LLC acquired a new stake in shares of CVR Partners during the 3rd quarter valued at about $51,000. Oxbow Advisors LLC raised its holdings in CVR Partners by 10.5% in the 3rd quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock worth $208,000 after purchasing an additional 295 shares during the period. Apollon Wealth Management LLC purchased a new position in CVR Partners during the third quarter worth approximately $244,000. Exchange Traded Concepts LLC acquired a new stake in CVR Partners in the third quarter valued at approximately $293,000. Finally, GSA Capital Partners LLP increased its position in shares of CVR Partners by 12.8% in the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after buying an additional 1,187 shares in the last quarter. Hedge funds and other 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.