CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Purchases 4,593 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 4,593 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average cost of $72.76 per share, with a total value of $334,186.68. Following the purchase, the insider now directly owns 91,640 shares in the company, valued at $6,667,726.40. The trade was a 5.28 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Trading Down 0.9 %

Shares of UAN opened at $71.69 on Tuesday. CVR Partners, LP has a fifty-two week low of $60.50 and a fifty-two week high of $88.94. The stock has a fifty day moving average of $69.25 and a two-hundred day moving average of $74.01. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.44 and a current ratio of 2.15. The company has a market capitalization of $1.23 billion, a PE ratio of 14.42 and a beta of 1.28.

CVR Partners Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a dividend of $1.19 per share. The ex-dividend date was Friday, November 8th. This represents a $4.76 annualized dividend and a yield of 6.64%. CVR Partners’s dividend payout ratio (DPR) is presently 95.77%.

Institutional Trading of CVR Partners

Hedge funds have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC acquired a new position in shares of CVR Partners during the 3rd quarter valued at about $293,000. Oxbow Advisors LLC purchased a new stake in CVR Partners in the second quarter valued at approximately $212,000. Founders Financial Alliance LLC increased its position in 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 worth $1,279,000 after purchasing an additional 1,400 shares during the last quarter. Apollon Wealth Management LLC purchased a new position in CVR Partners during the third quarter worth approximately $244,000. Finally, GSA Capital Partners LLP boosted its holdings 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 purchasing an additional 1,187 shares during the last quarter. 43.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of CVR Partners from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th.

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.