Carl C. Icahn Acquires 1,058 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 1,058 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was acquired at an average cost of $75.00 per share, with a total value of $79,350.00. Following the purchase, the insider now directly owns 201,516 shares of the company’s stock, valued at $15,113,700. This trade represents a 0.53 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Stock Performance

Shares of NYSE UAN opened at $75.47 on Friday. 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 has a market cap of $1.29 billion, a P/E ratio of 13.10 and a beta of 1.23. CVR Partners, LP has a 52-week low of $62.94 and a 52-week high of $88.94. The firm’s fifty day moving average is $78.41 and its two-hundred day moving average is $74.46.

CVR Partners (NYSE:UAN) last announced its quarterly 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 company also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 9.28%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. CVR Partners’s dividend payout ratio (DPR) is currently 121.53%.

Wall Street Analyst Weigh In

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

Institutional Trading of CVR Partners

A number of institutional investors and hedge funds have recently modified their holdings of UAN. Icahn Carl C grew its holdings in shares of CVR Partners by 4.5% in the fourth quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company’s stock valued at $308,868,000 after purchasing an additional 174,192 shares during the period. Rangeley Capital LLC acquired a new position in shares of CVR Partners in the fourth quarter worth $1,823,000. De Lisle Partners LLP raised its position in CVR Partners by 18.1% in the 3rd 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. Susquehanna Fundamental Investments LLC purchased a new position in CVR Partners in the fourth quarter worth approximately $480,000. Finally, Novem Group acquired a new position in shares of CVR Partners during the fourth quarter worth $243,000. Hedge funds and other institutional investors own 43.83% of the company’s stock.

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.