Carl C. Icahn Purchases 6,236 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 6,236 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were bought at an average price of $74.36 per share, for a total transaction of $463,708.96. Following the completion of the transaction, the insider now owns 168,693 shares of the company’s stock, valued at approximately $12,544,011.48. This trade represents a 3.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Price Performance

CVR Partners stock opened at $75.25 on Friday. The firm has a market capitalization of $1.29 billion, a PE ratio of 15.14 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 has a 50-day moving average price of $73.03 and a 200-day moving average price of $72.88. 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 firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $4.76 annualized dividend and a dividend yield of 6.33%. CVR Partners’s dividend payout ratio (DPR) is presently 95.77%.

Institutional Investors Weigh In On CVR Partners

Several hedge funds and other institutional investors have recently modified their holdings of UAN. De Lisle Partners LLP grew its position in CVR Partners by 18.1% in the 3rd 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 during the last quarter. Founders Financial Alliance LLC increased its stake in CVR Partners by 9.0% in the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after buying an additional 1,400 shares during the period. GSA Capital Partners LLP lifted its holdings in 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 buying an additional 1,187 shares in the last quarter. Exchange Traded Concepts LLC purchased a new stake in CVR Partners in the 3rd quarter valued at about $293,000. Finally, Apollon Wealth Management LLC purchased a new position in shares of CVR Partners during the third quarter worth approximately $244,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

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.