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

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 921 shares of the firm’s stock in a transaction that occurred on Thursday, December 26th. The shares were acquired at an average price of $74.92 per share, with a total value of $69,001.32. Following the purchase, the insider now owns 169,654 shares of the company’s stock, valued at $12,710,477.68. The trade was a 0.55 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 Stock Performance

NYSE UAN opened at $75.25 on Friday. The company has a fifty day moving average of $73.03 and a two-hundred day moving average of $72.88. The company 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 1 year low of $61.62 and a 1 year high of $88.94. 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 Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a $1.19 dividend. The ex-dividend date was Friday, November 8th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.33%. CVR Partners’s dividend payout ratio (DPR) is presently 95.77%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Oxbow Advisors LLC boosted its holdings in shares of CVR Partners by 10.5% in 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. McIlrath & Eck LLC acquired a new position in shares of CVR Partners in the 3rd quarter valued at $51,000. GSA Capital Partners LLP raised its position in 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 during the last quarter. Founders Financial Alliance LLC boosted its stake in CVR Partners by 9.0% during the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after purchasing an additional 1,400 shares during the period. Finally, Apollon Wealth Management LLC purchased a new position in CVR Partners during the 3rd quarter worth $244,000. Hedge funds and other institutional investors own 43.83% of the company’s stock.

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.