CVR Partners, LP (NYSE:UAN) Major Shareholder Purchases $218,410.92 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 3,068 shares of the company’s stock in a transaction on Wednesday, November 20th. The shares were bought at an average cost of $71.19 per share, with a total value of $218,410.92. Following the transaction, the insider now directly owns 106,029 shares of the company’s stock, valued at $7,548,204.51. This represents a 2.98 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Stock Performance

Shares of NYSE UAN traded up $0.12 during midday trading on Thursday, reaching $71.62. 32,171 shares of the company traded hands, compared to its average volume of 34,896. The company has a market cap of $1.23 billion, a price-to-earnings ratio of 14.41 and a beta of 1.28. The stock has a 50-day moving average price of $69.50 and a 200 day moving average price of $73.93. CVR Partners, LP has a 52 week low of $60.50 and a 52 week high of $88.94. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44.

CVR Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $1.19 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $4.76 annualized dividend and a dividend yield of 6.65%. CVR Partners’s dividend payout ratio (DPR) is 95.77%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of UAN. McIlrath & Eck LLC acquired a new position in shares of CVR Partners in the 3rd quarter worth approximately $51,000. Oxbow Advisors LLC acquired a new stake in shares of CVR Partners during the second quarter worth $212,000. Apollon Wealth Management LLC purchased a new stake in shares of CVR Partners during the third quarter valued at $244,000. Exchange Traded Concepts LLC acquired a new stake in CVR Partners during the 3rd quarter worth about $293,000. Finally, Virtu Financial LLC acquired a new stake in shares of CVR Partners during the first quarter valued at approximately $506,000. 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 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.