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

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 1,058 shares of the stock in a transaction dated Tuesday, March 25th. The shares were bought at an average cost of $75.00 per share, for a total transaction of $79,350.00. Following the acquisition, the insider now owns 201,516 shares in the company, valued at $15,113,700. The trade was a 0.53 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Stock Performance

Shares of UAN opened at $74.70 on Friday. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.10 and a quick ratio of 1.44. CVR Partners, LP has a one year low of $62.94 and a one year high of $88.94. The company’s fifty day moving average price is $78.23 and its 200 day moving average price is $74.52. The company has a market capitalization of $1.28 billion, a PE ratio of 12.97 and a beta of 1.23.

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

CVR Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were paid a $1.75 dividend. This is an increase from CVR Partners’s previous quarterly dividend of $1.19. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.00 annualized dividend and a dividend yield of 9.37%. CVR Partners’s dividend payout ratio (DPR) is presently 121.53%.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On CVR Partners

A number of institutional investors and hedge funds have recently bought and sold shares of UAN. Icahn Carl C grew its position in CVR Partners by 4.5% in the 4th quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company’s stock worth $308,868,000 after purchasing an additional 174,192 shares during the last quarter. Rangeley Capital LLC acquired a new stake in CVR Partners during the fourth quarter worth about $1,823,000. De Lisle Partners LLP increased its stake in CVR Partners by 18.1% during 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 acquiring an additional 7,000 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in CVR Partners in the 4th quarter valued at approximately $480,000. Finally, Novem Group acquired a new stake in shares of CVR Partners during the 4th quarter worth approximately $243,000. 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.