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

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 2,518 shares of the business’s stock in a transaction on Monday, December 16th. The stock was purchased at an average cost of $74.97 per share, with a total value 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 represents a 1.74 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

CVR Partners Trading Down 1.2 %

Shares of CVR Partners stock opened at $73.21 on Friday. The company’s fifty day moving average price is $72.56 and its two-hundred day moving average price is $73.07. The firm has a market capitalization of $1.25 billion, a PE ratio of 14.73 and a beta of 1.35. CVR Partners, LP has a 52-week low of $61.62 and a 52-week 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 firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were given a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 6.50%. The ex-dividend date was Friday, November 8th. CVR Partners’s dividend payout ratio (DPR) is presently 95.77%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. McIlrath & Eck LLC acquired a new position in shares of CVR Partners in the 3rd quarter worth approximately $51,000. Oxbow Advisors LLC grew its position in 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. Apollon Wealth Management LLC acquired a new position in CVR Partners during the third quarter worth $244,000. Exchange Traded Concepts LLC bought a new position in shares of CVR Partners during the third quarter valued at $293,000. Finally, GSA Capital Partners LLP boosted 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 purchasing an additional 1,187 shares in the last quarter. Institutional investors own 43.83% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.