Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Acquires 2,532 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 2,532 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $73.77 per share, for a total transaction of $186,785.64. Following the acquisition, the insider now directly owns 184,216 shares in the company, valued at $13,589,614.32. This trade represents a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

CVR Partners Stock Up 4.4 %

Shares of CVR Partners stock opened at $75.40 on Thursday. The stock has a market capitalization of $1.29 billion, a P/E ratio of 13.09 and a beta of 1.35. The company has a quick ratio of 1.44, a current ratio of 2.10 and a debt-to-equity ratio of 1.94. The stock has a 50 day moving average price of $78.94 and a two-hundred day moving average price of $73.84. CVR Partners, LP has a 12-month low of $61.62 and a 12-month high of $88.94.

CVR Partners (NYSE:UAN) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter. The firm had revenue of $139.56 million during the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%.

CVR Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, March 3rd will be given a $1.75 dividend. This represents a $7.00 annualized dividend and a dividend yield of 9.28%. This is a boost from CVR Partners’s previous quarterly dividend of $1.19. The ex-dividend date of this dividend is Monday, March 3rd. CVR Partners’s dividend payout ratio is currently 121.53%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded CVR Partners from a “strong-buy” rating to a “buy” rating in a report on Friday, February 21st.

Institutional Investors Weigh In On CVR Partners

Several hedge funds have recently modified their holdings of UAN. Oxbow Advisors LLC boosted its position in shares of 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 shares of CVR Partners in the third quarter valued at $244,000. GSA Capital Partners LLP raised its stake in shares of 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 in the last quarter. De Lisle Partners LLP raised its stake in shares of CVR Partners by 18.1% in the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock valued at $3,071,000 after purchasing an additional 7,000 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new position in shares of CVR Partners in the third quarter valued at $51,000. 43.83% of the stock is owned by institutional investors.

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.