CVR Partners, LP (NYSE:UAN) Major Shareholder Carl C. Icahn Acquires 2,819 Shares

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 2,819 shares of CVR Partners stock in a transaction that occurred on Monday, March 31st. The stock was bought at an average cost of $74.79 per share, with a total value of $210,833.01. Following the acquisition, the insider now directly owns 207,155 shares of the company’s stock, valued at approximately $15,493,122.45. This trade represents a 1.38 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Stock Performance

UAN opened at $75.80 on Wednesday. CVR Partners, LP has a 1-year low of $62.94 and a 1-year high of $88.94. The company has a market capitalization of $1.30 billion, a price-to-earnings ratio of 13.16 and a beta of 1.23. The business has a 50 day moving average price of $77.91 and a two-hundred day moving average price of $74.76. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.10 and a quick ratio of 1.44.

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

CVR Partners Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were given a dividend of $1.75 per share. This is a positive change 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 annualized dividend and a dividend yield of 9.23%. CVR Partners’s dividend payout ratio (DPR) is 121.53%.

Hedge Funds Weigh In On CVR Partners

Several hedge funds have recently made changes to their positions in the business. Icahn Carl C boosted its holdings in CVR Partners by 4.5% during the fourth quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company’s stock worth $308,868,000 after buying an additional 174,192 shares in the last quarter. Rangeley Capital LLC acquired a new stake in shares of CVR Partners during the 4th quarter valued at $1,823,000. Susquehanna Fundamental Investments LLC bought a new stake in shares of CVR Partners during the 4th quarter worth $480,000. Novem Group acquired a new position in shares of CVR Partners in the 4th quarter worth $243,000. Finally, MGO One Seven LLC acquired a new position in shares of CVR Partners in the 4th quarter worth $243,000. Institutional investors and hedge funds own 43.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st.

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.