Carl C. Icahn Purchases 921 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 921 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was bought at an average cost of $74.92 per share, for a total transaction of $69,001.32. Following the purchase, the insider now directly owns 169,654 shares of the company’s stock, valued at approximately $12,710,477.68. This trade represents a 0.55 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Stock Up 0.1 %

Shares of UAN stock opened at $75.25 on Friday. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. CVR Partners, LP has a one year low of $61.62 and a one year high of $88.94. The company’s fifty day moving average price is $73.06 and its 200-day moving average price is $72.86. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 15.14 and a beta of 1.35.

CVR Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were issued a dividend of $1.19 per share. The ex-dividend date was Friday, November 8th. This represents a $4.76 dividend on an annualized basis and a yield of 6.33%. CVR Partners’s dividend payout ratio is presently 95.77%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 18th.

Hedge Funds Weigh In On CVR Partners

Hedge funds have recently made changes to their positions in the business. McIlrath & Eck LLC bought a new stake in CVR Partners during the 3rd quarter valued at approximately $51,000. Oxbow Advisors LLC grew its holdings in CVR Partners by 10.5% during the 3rd quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock valued at $208,000 after buying an additional 295 shares in the last quarter. Apollon Wealth Management LLC bought a new stake in shares of CVR Partners during the third quarter valued at approximately $244,000. Exchange Traded Concepts LLC purchased a new position in shares of CVR Partners in the third quarter worth $293,000. Finally, GSA Capital Partners LLP boosted its position in shares of CVR Partners by 12.8% during the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after acquiring an additional 1,187 shares during the last quarter. 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.