Carl C. Icahn Acquires 6,202 Shares of CVR Partners, LP (NYSE:UAN) Stock

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

CVR Partners Stock Up 1.4 %

UAN opened at $74.21 on Friday. The business has a 50 day moving average price of $72.71 and a two-hundred day moving average price of $73.02. CVR Partners, LP has a 52 week low of $61.62 and a 52 week high of $88.94. The company has a market cap of $1.27 billion, a PE ratio of 14.93 and a beta of 1.35. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91.

CVR Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued 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 presently 95.77%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On CVR Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of UAN. McIlrath & Eck LLC acquired a new stake in shares of CVR Partners in the 3rd quarter worth $51,000. De Lisle Partners LLP raised its holdings in CVR Partners by 18.1% during the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock worth $3,071,000 after purchasing an additional 7,000 shares in the last quarter. GSA Capital Partners LLP lifted its position in CVR Partners by 12.8% in the third 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 period. Apollon Wealth Management LLC purchased a new stake in CVR Partners in the 3rd quarter valued at approximately $244,000. Finally, Oxbow Advisors LLC increased 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. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

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.