Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Purchases 7,927 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 7,927 shares of the stock in a transaction dated Wednesday, November 13th. The shares were bought at an average cost of $71.51 per share, for a total transaction of $566,859.77. Following the acquisition, the insider now owns 82,884 shares in the company, valued at $5,927,034.84. The trade was a 10.58 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Stock Up 1.5 %

CVR Partners stock opened at $72.32 on Friday. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of 14.55 and a beta of 1.28. The firm has a fifty day moving average price of $69.04 and a two-hundred day moving average price of $74.22. CVR Partners, LP has a fifty-two week low of $60.50 and a fifty-two week high of $88.94. 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 Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Friday, November 8th will be paid a dividend of $1.19 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $4.76 annualized dividend and a yield of 6.58%. CVR Partners’s payout ratio is 95.77%.

Analysts Set New Price Targets

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 Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Exchange Traded Concepts LLC bought a new stake in shares of CVR Partners in the third quarter valued at approximately $293,000. SG Americas Securities LLC acquired a new position in CVR Partners during the 1st quarter valued at $820,000. Oxbow Advisors LLC bought a new stake in CVR Partners in the 2nd quarter valued at $212,000. Founders Financial Alliance LLC grew its position 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 during the last quarter. Finally, De Lisle Partners LLP increased its holdings in shares of CVR Partners by 18.1% during the 3rd quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock worth $3,071,000 after purchasing an additional 7,000 shares during the period. 43.83% of the stock is owned by 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.