CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Buys 921 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 921 shares of CVR Partners stock in a transaction that occurred on Thursday, December 26th. The stock was bought at an average price of $74.92 per share, with a total value of $69,001.32. Following the completion of the acquisition, the insider now owns 169,654 shares in the company, valued at approximately $12,710,477.68. The trade was a 0.55 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Trading Down 1.1 %

Shares of NYSE:UAN opened at $75.14 on Friday. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.44 and a current ratio of 2.15. The stock’s 50-day moving average is $73.03 and its 200-day moving average is $72.88. The company has a market cap of $1.29 billion, a P/E ratio of 15.12 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.

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 issued a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 6.33%. The ex-dividend date was Friday, November 8th. CVR Partners’s dividend payout ratio (DPR) is currently 95.77%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. De Lisle Partners LLP grew 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 worth $3,071,000 after acquiring an additional 7,000 shares during the last quarter. Exchange Traded Concepts LLC acquired a new stake in CVR Partners in the 3rd quarter worth $293,000. Apollon Wealth Management LLC bought a new position in shares of CVR Partners during the 3rd quarter worth about $244,000. Oxbow Advisors LLC acquired a new position in shares of CVR Partners during the second quarter valued at about $212,000. Finally, Founders Financial Alliance LLC lifted its stake in shares of CVR Partners by 9.0% in the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after buying an additional 1,400 shares during the period. 43.83% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 18th.

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.