CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Acquires 6,071 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 6,071 shares of the firm’s stock in a transaction on Wednesday, April 9th. The shares were purchased at an average cost of $68.30 per share, with a total value of $414,649.30. Following the completion of the transaction, the insider now owns 231,762 shares in the company, valued at $15,829,344.60. This represents a 2.69 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Trading Up 5.5 %

NYSE:UAN opened at $71.60 on Friday. The firm has a 50-day simple moving average of $75.52 and a 200-day simple moving average of $74.76. CVR Partners, LP has a one year low of $62.94 and a one year high of $88.94. The firm has a market cap of $1.23 billion, a P/E ratio of 12.43 and a beta of 0.89. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10.

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

CVR Partners Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were paid a dividend of $1.75 per share. This is a boost 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 9.78%. The ex-dividend date was Monday, March 3rd. CVR Partners’s dividend payout ratio is 121.53%.

Wall Street Analysts Forecast Growth

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in shares of CVR Partners during the fourth quarter valued at about $226,000. Rangeley Capital LLC bought a new position in shares of CVR Partners during the 4th quarter worth approximately $1,823,000. Summit Securities Group LLC lifted its position in CVR Partners by 123.1% during the fourth 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. McIlrath & Eck LLC acquired a new stake in CVR Partners in the third quarter valued at approximately $51,000. Finally, Raymond James Financial Inc. purchased a new position in CVR Partners in the fourth quarter worth $233,000. Hedge funds and other 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.