CVR Partners, LP (NYSE:UAN) Major Shareholder Acquires $37,490.00 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 500 shares of the company’s stock in a transaction on Thursday, April 3rd. The stock was bought at an average price of $74.98 per share, for a total transaction of $37,490.00. Following the completion of the purchase, the insider now directly owns 207,686 shares of the company’s stock, valued at $15,572,296.28. The trade was a 0.24 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Stock Performance

Shares of CVR Partners stock opened at $69.61 on Thursday. The firm has a market capitalization of $1.19 billion, a P/E ratio of 12.08 and a beta of 0.89. CVR Partners, LP has a 52 week low of $62.94 and a 52 week high of $88.94. The company has a quick ratio of 1.44, a current ratio of 2.10 and a debt-to-equity ratio of 1.94. The firm’s 50 day moving average is $75.98 and its two-hundred day moving average is $74.73.

CVR Partners (NYSE:UAN) last announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter. The business 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 announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were given a dividend of $1.75 per share. The ex-dividend date was 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 dividend yield of 10.06%. CVR Partners’s dividend payout ratio (DPR) is 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 research note on Friday, February 21st.

Hedge Funds Weigh In On CVR Partners

A number of hedge funds have recently modified their holdings of the business. Apollon Wealth Management LLC lifted its holdings in CVR Partners by 18.4% in the fourth quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company’s stock valued at $326,000 after acquiring an additional 667 shares during the period. McIlrath & Eck LLC acquired a new position in shares of CVR Partners during the 3rd quarter valued at about $51,000. Bank of America Corp DE increased its stake in shares of CVR Partners by 13.4% during the 4th quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company’s stock valued at $975,000 after acquiring an additional 1,520 shares during the last quarter. Summit Securities Group LLC increased its stake in shares of CVR Partners by 123.1% during the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company’s stock valued at $220,000 after acquiring an additional 1,600 shares during the last quarter. Finally, Chancellor Financial Group WB LP acquired a new stake in CVR Partners during the 4th quarter worth approximately $209,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

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.