CVR Partners, LP (NYSE:UAN) Major Shareholder Purchases $383,000.48 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 5,168 shares of CVR Partners stock in a transaction dated Wednesday, April 16th. The stock was purchased at an average price of $74.11 per share, with a total value of $383,000.48. Following the completion of the purchase, the insider now directly owns 256,777 shares of the company’s stock, valued at $19,029,743.47. The trade was a 2.05 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Stock Performance

UAN opened at $74.44 on Monday. CVR Partners, LP has a 12-month low of $62.94 and a 12-month high of $88.94. The firm has a market capitalization of $1.27 billion, a P/E ratio of 12.92 and a beta of 0.89. The stock’s 50 day moving average price is $74.86 and its two-hundred day moving average price is $75.00. The company has a quick ratio of 1.44, a current ratio of 2.10 and a debt-to-equity ratio of 1.94.

CVR Partners (NYSE:UAN) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter. CVR Partners had a net margin of 11.59% and a return on equity of 20.61%. The business had revenue of $139.56 million for the quarter.

CVR Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were given a dividend of $1.75 per share. The ex-dividend date was Monday, March 3rd. This is an increase from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 dividend on an annualized basis and a yield of 9.40%. CVR Partners’s dividend payout ratio (DPR) is 121.53%.

Hedge Funds Weigh In On CVR Partners

Several large investors have recently added to or reduced their stakes in the company. McIlrath & Eck LLC acquired a new stake in shares of CVR Partners during the 3rd quarter worth approximately $51,000. Chancellor Financial Group WB LP acquired a new stake in CVR Partners during the fourth quarter worth $209,000. Summit Securities Group LLC increased its holdings in CVR Partners by 123.1% in the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock valued at $220,000 after buying an additional 1,600 shares during the period. Virtu Financial LLC acquired a new position in shares of CVR Partners in the 4th quarter valued at $226,000. Finally, Stifel Financial Corp bought a new position in shares of CVR Partners during the 4th quarter worth about $227,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 21st.

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.