Carl C. Icahn Acquires 2,287 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 2,287 shares of CVR Partners stock in a transaction dated Wednesday, December 18th. The stock was purchased at an average cost of $74.55 per share, for a total transaction of $170,495.85. Following the completion of the acquisition, the insider now directly owns 153,155 shares of the company’s stock, valued at approximately $11,417,705.25. The trade was a 1.52 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Price Performance

CVR Partners stock opened at $74.21 on Friday. CVR Partners, LP has a 52-week low of $61.62 and a 52-week high of $88.94. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91. The firm’s fifty day moving average is $72.71 and its 200 day moving average is $73.02. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 14.93 and a beta of 1.35.

CVR Partners Cuts Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in UAN. McIlrath & Eck LLC purchased a new stake in CVR Partners during the third quarter valued at approximately $51,000. Oxbow Advisors LLC increased its position in shares of 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 purchasing an additional 295 shares during the last quarter. Apollon Wealth Management LLC bought a new position in shares of CVR Partners during the 3rd quarter valued at approximately $244,000. Exchange Traded Concepts LLC bought a new stake in CVR Partners in the third quarter worth $293,000. Finally, GSA Capital Partners LLP boosted its stake in CVR Partners by 12.8% during the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after buying an additional 1,187 shares during the period. Institutional investors own 43.83% of the company’s stock.

Analysts Set New Price Targets

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

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.