CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Acquires 2,840 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 2,840 shares of the business’s stock in a transaction on Monday, December 30th. The stock was bought at an average price of $74.74 per share, with a total value of $212,261.60. Following the transaction, the insider now owns 174,192 shares in the company, valued at approximately $13,019,110.08. This represents a 1.66 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Large 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 %

Shares of CVR Partners stock opened at $77.02 on Friday. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 15.50 and a beta of 1.35. The stock has a 50-day simple moving average of $73.49 and a 200-day simple moving average of $72.81. 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 announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were given a $1.19 dividend. This represents a $4.76 annualized dividend and a yield of 6.18%. The ex-dividend date was Friday, November 8th. CVR Partners’s dividend payout ratio is 95.77%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. McIlrath & Eck LLC acquired a new stake in shares of CVR Partners in the 3rd quarter valued at $51,000. Oxbow Advisors LLC acquired a new stake in shares of CVR Partners in the second quarter worth about $212,000. Apollon Wealth Management LLC bought a new stake in shares of CVR Partners during the 3rd quarter worth about $244,000. Exchange Traded Concepts LLC acquired a new position in shares of CVR Partners during the 3rd quarter valued at about $293,000. Finally, GSA Capital Partners LLP raised 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 acquiring an additional 1,187 shares in the last quarter. Institutional investors and hedge funds own 43.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered CVR Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 18th.

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.