Carl C. Icahn Buys 23,910 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 23,910 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average cost of $68.76 per share, with a total value of $1,644,051.60. Following the purchase, the insider now directly owns 55,552 shares of the company’s stock, valued at $3,819,755.52. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. 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 Trading Down 0.8 %

UAN opened at $69.04 on Monday. The company has a fifty day moving average price of $68.77 and a two-hundred day moving average price of $74.36. CVR Partners, LP has a 1-year low of $60.50 and a 1-year high of $88.94. The company has a market cap of $1.18 billion, a P/E ratio of 13.89 and a beta of 1.28. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91.

CVR Partners Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be given a $1.19 dividend. This represents a $4.76 dividend on an annualized basis and a yield of 6.89%. The ex-dividend date of this dividend is Friday, November 8th. CVR Partners’s payout ratio is 152.92%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Oxbow Advisors LLC grew its stake in 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 bought a new position in shares of CVR Partners in the 3rd quarter worth $244,000. Exchange Traded Concepts LLC acquired a new stake in CVR Partners in the 3rd quarter valued at $293,000. Virtu Financial LLC bought a new stake in CVR Partners during the 1st quarter valued at $506,000. Finally, GSA Capital Partners LLP raised its holdings in CVR Partners by 12.8% during the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after buying an additional 1,187 shares during the last quarter. 43.83% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of CVR Partners from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th.

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.