Carl C. Icahn Acquires 9,382 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 9,382 shares of the business’s stock in a transaction on Wednesday, November 6th. The shares were purchased at an average price of $68.75 per share, with a total value of $645,012.50. Following the completion of the purchase, the insider now owns 9,382 shares in the company, valued at approximately $645,012.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Trading Up 0.9 %

Shares of NYSE:UAN opened at $69.04 on Friday. The stock has a 50 day moving average of $68.77 and a 200 day moving average of $74.37. The company has a market cap of $1.18 billion, a PE ratio of 13.89 and a beta of 1.28. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91. CVR Partners, LP has a 12-month low of $60.50 and a 12-month high of $88.94.

CVR Partners Cuts Dividend

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

Analyst Ratings Changes

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Founders Financial Alliance LLC lifted its holdings in CVR Partners by 9.0% in the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after purchasing an additional 1,400 shares in the last quarter. GSA Capital Partners LLP raised its holdings 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 worth $702,000 after acquiring an additional 1,187 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of CVR Partners during the 1st quarter worth approximately $820,000. Virtu Financial LLC purchased a new stake in shares of CVR Partners during the 1st quarter worth approximately $506,000. Finally, Exchange Traded Concepts LLC purchased a new stake in shares of CVR Partners during the 3rd quarter worth approximately $293,000. 43.83% of the stock is 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.