CVR Partners, LP (NYSE:UAN) is Icahn Carl C's 5th Largest Position

Icahn Carl C boosted its holdings in CVR Partners, LP (NYSE:UAN - Free Report) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,066,192 shares of the basic materials company's stock after acquiring an additional 174,192 shares during the quarter. CVR Partners accounts for approximately 4.2% of Icahn Carl C's holdings, making the stock its 5th largest position. Icahn Carl C owned approximately 23.76% of CVR Partners worth $308,868,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in CVR Partners in the fourth quarter worth approximately $226,000. Rangeley Capital LLC bought a new stake in shares of CVR Partners in the fourth quarter worth $1,823,000. Summit Securities Group LLC increased 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. Susquehanna Fundamental Investments LLC purchased a new position in CVR Partners in the fourth quarter worth about $480,000. Finally, McIlrath & Eck LLC bought a new stake in shares of CVR Partners during the 3rd quarter valued at about $51,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at CVR Partners

In other news, major shareholder Carl C. Icahn bought 3,746 shares of the stock in a transaction that occurred on Monday, March 3rd. The shares were bought at an average price of $74.97 per share, for a total transaction of $280,837.62. Following the purchase, the insider now owns 177,938 shares in the company, valued at $13,340,011.86. This represents a 2.15 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders have bought 51,742 shares of company stock valued at $3,739,884 over the last 90 days.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of CVR Partners from a "buy" rating to a "strong-buy" rating in a research note on Wednesday.

CVR Partners Stock Performance

Shares of CVR Partners stock traded down $0.11 on Friday, hitting $79.23. 18,722 shares of the company's stock were exchanged, compared to its average volume of 31,992. CVR Partners, LP has a 1 year low of $62.94 and a 1 year high of $88.94. The company has a 50-day simple moving average of $74.67 and a 200-day simple moving average of $75.53. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10. The stock has a market capitalization of $1.36 billion, a PE ratio of 13.76 and a beta of 0.89.

CVR Partners (NYSE:UAN - Get Free Report) last released its earnings results on Monday, April 28th. The basic materials company reported $2.56 earnings per share for the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%. The company had revenue of $142.87 million for the quarter.

CVR Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders 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. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.00 dividend on an annualized basis and a yield of 8.84%. CVR Partners's dividend payout ratio (DPR) is presently 126.79%.

CVR Partners 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.