Carl C. Icahn Purchases 2,840 Shares of CVR Partners, LP (NYSE:UAN) Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 2,840 shares of the firm’s stock in a transaction on Monday, December 30th. The shares were acquired at an average cost of $74.74 per share, for a total transaction of $212,261.60. Following the completion of the purchase, the insider now directly owns 174,192 shares of the company’s stock, valued at approximately $13,019,110.08. This represents a 1.66 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Stock Up 1.0 %

UAN opened at $75.96 on Thursday. CVR Partners, LP has a 12 month low of $61.62 and a 12 month high of $88.94. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91. The business’s 50-day moving average price is $73.34 and its 200-day moving average price is $72.78. The company has a market cap of $1.30 billion, a P/E ratio of 15.28 and a beta of 1.35.

CVR Partners Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a $1.19 dividend. The ex-dividend date was Friday, November 8th. This represents a $4.76 dividend on an annualized basis and a yield of 6.27%. CVR Partners’s dividend payout ratio (DPR) is currently 95.77%.

Institutional Trading of CVR Partners

A number of institutional investors have recently made changes to their positions in the stock. McIlrath & Eck LLC purchased a new position in shares of CVR Partners in the third quarter worth $51,000. Oxbow Advisors LLC bought a new stake in CVR Partners in the 2nd quarter worth $212,000. Apollon Wealth Management LLC purchased a new position in shares of CVR Partners in the third quarter valued at about $244,000. Exchange Traded Concepts LLC purchased a new stake in shares of CVR Partners during the third quarter worth about $293,000. Finally, GSA Capital Partners LLP grew its stake in shares of CVR Partners by 12.8% in the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after purchasing an additional 1,187 shares during the last quarter. Hedge funds and other institutional investors own 43.83% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 18th.

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.