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

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 2,518 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was purchased at an average cost of $74.97 per share, for a total transaction of $188,774.46. Following the acquisition, the insider now owns 147,213 shares in the company, valued at approximately $11,036,558.61. This trade represents a 1.74 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Stock Down 0.1 %

UAN opened at $75.00 on Wednesday. The stock’s 50 day moving average price is $72.33 and its 200 day moving average price is $73.11. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44. The stock has a market cap of $1.28 billion, a P/E ratio of 15.09 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.

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 issued a dividend of $1.19 per share. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date was Friday, November 8th. CVR Partners’s dividend payout ratio (DPR) is 95.77%.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On CVR Partners

Several institutional investors have recently bought and sold shares of the stock. Oxbow Advisors LLC increased its stake 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 during the period. McIlrath & Eck LLC acquired a new stake in shares of CVR Partners in the 3rd quarter worth approximately $51,000. GSA Capital Partners LLP boosted its holdings in shares of CVR Partners by 12.8% in the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after acquiring an additional 1,187 shares in the last quarter. Founders Financial Alliance LLC increased its stake in shares of CVR Partners by 9.0% during the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after acquiring an additional 1,400 shares during the period. Finally, Apollon Wealth Management LLC bought a new stake in CVR Partners during the third quarter worth approximately $244,000. Institutional investors and hedge funds 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.