Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Acquires 2,287 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 2,287 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were purchased at an average cost of $74.55 per share, with a total value of $170,495.85. Following the completion of the purchase, the insider now directly owns 153,155 shares of the company’s stock, valued at $11,417,705.25. This trade represents a 1.52 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Trading Up 1.4 %

Shares of UAN traded up $1.00 during trading hours on Friday, reaching $74.21. 21,421 shares of the company traded hands, compared to its average volume of 35,600. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 14.93 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 company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91. The stock’s fifty day moving average price is $72.65 and its 200 day moving average price is $73.07.

CVR Partners Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.41%. The ex-dividend date of this dividend was Friday, November 8th. CVR Partners’s dividend payout ratio is currently 95.77%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

Institutional Trading of CVR Partners

Several institutional investors and hedge funds have recently made changes to their positions in the company. De Lisle Partners LLP raised its holdings in shares of CVR Partners by 18.1% in the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock valued at $3,071,000 after acquiring an additional 7,000 shares in the last quarter. Founders Financial Alliance LLC raised its holdings in shares of CVR Partners by 9.0% in the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after acquiring an additional 1,400 shares in the last quarter. GSA Capital Partners LLP raised its holdings 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 acquiring an additional 1,187 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in shares of CVR Partners in the third quarter valued at about $293,000. Finally, Apollon Wealth Management LLC bought a new stake in shares of CVR Partners in the third quarter valued at about $244,000. 43.83% of the stock is currently owned by institutional investors.

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.