Carl C. Icahn Acquires 23,910 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 23,910 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The stock was purchased at an average price of $68.76 per share, with a total value of $1,644,051.60. Following the completion of the acquisition, the insider now directly owns 55,552 shares of the company’s stock, valued at $3,819,755.52. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Large 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 NYSE:UAN opened at $69.04 on Friday. The firm has a 50 day moving average of $68.77 and a 200 day moving average of $74.37. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 13.89 and a beta of 1.28. CVR Partners, LP has a 52 week low of $60.50 and a 52 week high of $88.94.

CVR Partners Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Stockholders of record on Friday, November 8th will be given a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 6.89%. The ex-dividend date is Friday, November 8th. CVR Partners’s payout ratio is 95.77%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of CVR Partners from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 30th.

Institutional Investors Weigh In On CVR Partners

A number of hedge funds have recently made changes to their positions in the stock. Founders Financial Alliance LLC grew its stake in CVR Partners by 9.0% in the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after purchasing an additional 1,400 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of CVR Partners by 12.8% in the 3rd quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after buying an additional 1,187 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of CVR Partners in the 1st quarter worth approximately $820,000. Virtu Financial LLC bought a new position in shares of CVR Partners during the 1st quarter worth approximately $506,000. Finally, Exchange Traded Concepts LLC purchased a new stake in CVR Partners during the third quarter valued at approximately $293,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.

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.