Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Acquires 3,746 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 3,746 shares of the company’s stock in a transaction dated Monday, March 3rd. The stock was acquired at an average cost of $74.97 per share, for a total transaction of $280,837.62. Following the completion of the acquisition, the insider now directly owns 177,938 shares in the company, valued at approximately $13,340,011.86. The trade was a 2.15 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Stock Up 4.4 %

Shares of UAN opened at $75.40 on Thursday. The stock has a market capitalization of $1.29 billion, a PE ratio of 13.09 and a beta of 1.35. CVR Partners, LP has a 1 year low of $61.62 and a 1 year high of $88.94. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10. The company’s 50-day simple moving average is $78.94 and its 200-day simple moving average is $73.84.

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

CVR Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, March 3rd will be given a dividend of $1.75 per share. The ex-dividend date is Monday, March 3rd. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 dividend on an annualized basis and a yield of 9.28%. CVR Partners’s dividend payout ratio (DPR) is presently 121.53%.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of 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 institutional investors have recently made changes to their positions in UAN. McIlrath & Eck LLC bought a new position in shares of CVR Partners in the 3rd quarter valued at approximately $51,000. Oxbow Advisors LLC increased its position in CVR Partners by 10.5% in the 3rd quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock worth $208,000 after buying an additional 295 shares during the period. Summit Securities Group LLC increased its position in CVR Partners by 123.1% in the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock worth $220,000 after buying an additional 1,600 shares during the period. Virtu Financial LLC bought a new position in CVR Partners in the 4th quarter worth approximately $226,000. Finally, Stifel Financial Corp bought a new stake in shares of CVR Partners during the fourth quarter valued at approximately $227,000. 43.83% of the stock is currently owned by institutional investors and hedge funds.

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.