Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Purchases $460,312.44 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 6,202 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were bought at an average cost of $74.22 per share, with a total value of $460,312.44. Following the purchase, the insider now owns 162,457 shares in the company, valued at approximately $12,057,558.54. The trade was a 3.97 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Price Performance

Shares of CVR Partners stock opened at $74.21 on Monday. The business’s fifty day moving average price is $72.71 and its 200 day moving average price is $72.92. CVR Partners, LP has a twelve month low of $61.62 and a twelve month high of $88.94. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91. The stock has a market capitalization of $1.27 billion, a P/E ratio of 14.93 and a beta of 1.35.

CVR Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were paid a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 6.41%. The ex-dividend date was Friday, November 8th. CVR Partners’s dividend payout ratio is currently 95.77%.

Institutional Trading of CVR Partners

Institutional investors and hedge funds have recently bought and sold shares of the business. McIlrath & Eck LLC acquired a new position in CVR Partners during the third quarter valued at approximately $51,000. De Lisle Partners LLP raised its stake in shares of 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 period. GSA Capital Partners LLP raised 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 acquiring an additional 1,187 shares during the period. Apollon Wealth Management LLC acquired a new position in shares of CVR Partners during the 3rd quarter valued at $244,000. Finally, Oxbow Advisors LLC boosted its position 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 worth $208,000 after purchasing an additional 295 shares during the period. Institutional investors and hedge funds own 43.83% of the company’s stock.

Wall Street Analyst Weigh In

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

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.