CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Acquires 2,851 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 2,851 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average price of $74.84 per share, with a total value of $213,368.84. Following the completion of the transaction, the insider now directly owns 144,695 shares in the company, valued at $10,828,973.80. This trade represents a 2.01 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Stock Down 0.1 %

NYSE UAN traded down $0.05 on Tuesday, reaching $75.00. The company had a trading volume of 27,406 shares, compared to its average volume of 35,754. The company’s fifty day moving average is $72.33 and its 200-day moving average is $73.11. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 15.11 and a beta of 1.35. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.44 and a current ratio of 2.15. CVR Partners, LP has a 1-year low of $61.62 and a 1-year high of $88.94.

CVR Partners Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were issued a dividend of $1.19 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.35%. CVR Partners’s payout ratio is presently 95.77%.

Institutional Investors Weigh In On CVR Partners

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. De Lisle Partners LLP grew its position in CVR Partners by 18.1% in 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 purchasing an additional 7,000 shares in the last quarter. Founders Financial Alliance LLC raised its holdings in CVR Partners by 9.0% during the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after acquiring an additional 1,400 shares in the last quarter. GSA Capital Partners LLP boosted its position in CVR Partners by 12.8% during the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after purchasing an additional 1,187 shares during the last quarter. Exchange Traded Concepts LLC bought a new position in CVR Partners in the third quarter valued at approximately $293,000. Finally, Apollon Wealth Management LLC acquired a new position in shares of CVR Partners during the 3rd quarter worth approximately $244,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of CVR Partners from a “buy” rating to a “strong-buy” rating in a report on Tuesday, December 10th.

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.