CVR Partners, LP (NYSE:UAN) Major Shareholder Buys $307,293.25 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 4,265 shares of the stock in a transaction that occurred on Monday, April 14th. The stock was purchased at an average cost of $72.05 per share, with a total value of $307,293.25. Following the purchase, the insider now owns 246,441 shares in the company, valued at $17,756,074.05. This represents a 1.76 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

CVR Partners Stock Up 1.4 %

UAN stock opened at $73.18 on Wednesday. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 1.94. The firm has a market cap of $1.25 billion, a PE ratio of 12.70 and a beta of 0.89. CVR Partners, LP has a 1 year low of $62.94 and a 1 year high of $88.94. The company has a fifty day simple moving average of $75.20 and a 200 day simple moving average of $74.83.

CVR Partners (NYSE:UAN) last announced its quarterly earnings results 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 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 business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were given a dividend of $1.75 per share. The ex-dividend date was Monday, March 3rd. This represents a $7.00 dividend on an annualized basis and a yield of 9.57%. This is a boost from CVR Partners’s previous quarterly dividend of $1.19. CVR Partners’s dividend payout ratio is presently 121.53%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut 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 institutional investors have recently modified their holdings of UAN. McIlrath & Eck LLC bought a new stake in shares of CVR Partners during the 3rd quarter worth $51,000. Chancellor Financial Group WB LP bought a new position in CVR Partners in the 4th quarter worth $209,000. Summit Securities Group LLC lifted its position in 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 worth $220,000 after acquiring an additional 1,600 shares during the last quarter. Virtu Financial LLC bought a new stake in CVR Partners during the fourth quarter valued at about $226,000. Finally, Stifel Financial Corp acquired a new stake in shares of CVR Partners in the fourth quarter valued at about $227,000. Institutional investors own 43.83% of the company’s stock.

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.