CVR Partners, LP (NYSE:UAN) Major Shareholder Buys $460,312.44 in Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 6,202 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were bought at an average cost of $74.22 per share, for a total transaction of $460,312.44. Following the acquisition, the insider now owns 162,457 shares in the company, valued at approximately $12,057,558.54. The trade was a 3.97 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Stock Performance

Shares of UAN traded up $1.00 during trading hours on Friday, hitting $74.21. The stock had a trading volume of 21,421 shares, compared to its average volume of 35,600. The firm has a market capitalization of $1.27 billion, a PE ratio of 14.93 and a beta of 1.35. 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, LP has a 12 month low of $61.62 and a 12 month high of $88.94. The stock has a fifty day moving average price of $72.65 and a 200 day moving average price of $73.07.

CVR Partners Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 6.41%. The ex-dividend date was Friday, November 8th. CVR Partners’s payout ratio is currently 95.77%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday.

Hedge Funds Weigh In On CVR Partners

Several institutional investors have recently made changes to their positions in UAN. McIlrath & Eck LLC purchased a new stake in CVR Partners during the third quarter valued at approximately $51,000. Oxbow Advisors LLC increased its position in CVR Partners by 10.5% in the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock worth $208,000 after buying an additional 295 shares in the last quarter. Apollon Wealth Management LLC bought a new position in shares of CVR Partners in the third quarter worth about $244,000. Exchange Traded Concepts LLC purchased a new position in shares of CVR Partners during the 3rd quarter valued at about $293,000. Finally, GSA Capital Partners LLP grew its stake in shares of CVR Partners by 12.8% during the 3rd quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after acquiring an additional 1,187 shares during the period. 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.