Carl C. Icahn Buys 2,518 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 2,518 shares of the firm’s stock in a transaction dated Monday, December 16th. The shares were acquired at an average price of $74.97 per share, for a total transaction of $188,774.46. Following the acquisition, the insider now directly owns 147,213 shares of the company’s stock, valued at approximately $11,036,558.61. The trade was a 1.74 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large 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 Down 1.4 %

Shares of UAN stock opened at $74.07 on Thursday. The firm’s 50-day simple moving average is $72.45 and its 200-day simple moving average is $73.06. 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 1-year low of $61.62 and a 1-year high of $88.94. The firm has a market cap of $1.27 billion, a P/E ratio of 14.90 and a beta of 1.35.

CVR Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders 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 yield of 6.43%. The ex-dividend date of this dividend was Friday, November 8th. CVR Partners’s dividend payout ratio is currently 95.77%.

Hedge Funds Weigh In On CVR Partners

A number of hedge funds have recently made changes to their positions in the stock. McIlrath & Eck LLC purchased a new position in shares of CVR Partners in the 3rd quarter worth $51,000. Oxbow Advisors LLC grew its position in CVR Partners by 10.5% during the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock valued at $208,000 after acquiring an additional 295 shares during the period. Apollon Wealth Management LLC acquired a new stake in CVR Partners during the third quarter worth about $244,000. Exchange Traded Concepts LLC purchased a new position in shares of CVR Partners in the 3rd quarter worth about $293,000. Finally, GSA Capital Partners LLP lifted its stake in shares of CVR Partners by 12.8% in 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 in the last quarter. Institutional investors and hedge funds own 43.83% of the company’s stock.

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 Wednesday.

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.