Carl C. Icahn Buys 2,840 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 2,840 shares of the company’s stock in a transaction that occurred on Monday, December 30th. The stock was purchased at an average price of $74.74 per share, for a total transaction of $212,261.60. Following the purchase, the insider now owns 174,192 shares of the company’s stock, valued at $13,019,110.08. The trade was a 1.66 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

CVR Partners Stock Performance

CVR Partners stock traded up $0.77 during midday trading on Tuesday, reaching $75.96. The stock had a trading volume of 23,710 shares, compared to its average volume of 35,424. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91. The firm has a market capitalization of $1.30 billion, a PE ratio of 15.28 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 firm’s 50-day moving average price is $73.13 and its 200 day moving average price is $72.76.

CVR Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 6.27%. The ex-dividend date was Friday, November 8th. CVR Partners’s dividend payout ratio (DPR) is currently 95.77%.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. McIlrath & Eck LLC bought a new stake in CVR Partners during the 3rd quarter valued at $51,000. De Lisle Partners LLP grew its position 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 purchasing an additional 7,000 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of CVR Partners by 12.8% during the 3rd quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after purchasing an additional 1,187 shares during the period. Apollon Wealth Management LLC purchased a new stake in CVR Partners during the 3rd quarter worth about $244,000. Finally, Oxbow Advisors LLC boosted its stake 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. 43.83% of the stock is 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.