CVR Partners, LP (NYSE:UAN) Major Shareholder Acquires $305,790.63 in Stock

CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn bought 4,343 shares of the firm's stock in a transaction on Friday, April 11th. The stock was purchased at an average price of $70.41 per share, with a total value of $305,790.63. Following the completion of the acquisition, the insider now owns 242,176 shares of the company's stock, valued at approximately $17,051,612.16. This trade represents a 1.83 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large 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 Up 2.0 %

Shares of UAN traded up $1.44 during mid-day trading on Friday, reaching $74.44. The company's stock had a trading volume of 16,436 shares, compared to its average volume of 32,489. CVR Partners, LP has a 1 year low of $62.94 and a 1 year high of $88.94. The company has a quick ratio of 1.44, a current ratio of 2.10 and a debt-to-equity ratio of 1.94. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 12.92 and a beta of 0.89. The business has a fifty day moving average of $74.86 and a 200 day moving average of $75.00.

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

CVR Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were issued 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 annualized dividend and a dividend yield of 9.40%. The ex-dividend date of this dividend was Monday, March 3rd. CVR Partners's dividend payout ratio (DPR) is currently 121.53%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. McIlrath & Eck LLC acquired a new stake in shares of CVR Partners during the 3rd quarter valued at $51,000. Apollon Wealth Management LLC raised its holdings in shares of CVR Partners by 18.4% during the fourth quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company's stock worth $326,000 after acquiring an additional 667 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in CVR Partners during the fourth quarter valued at $233,000. Virtu Financial LLC purchased a new position in CVR Partners in the fourth quarter valued at about $226,000. Finally, Summit Securities Group LLC increased its position in CVR Partners by 123.1% in the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company's stock worth $220,000 after purchasing an additional 1,600 shares during the last quarter. Institutional investors and hedge funds own 43.83% of the company's stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of CVR Partners from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st.

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.