CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn acquired 2,287 shares of the company's stock in a transaction on Wednesday, December 18th. The stock was purchased at an average cost of $74.55 per share, for a total transaction of $170,495.85. Following the completion of the transaction, the insider now owns 153,155 shares in the company, valued at approximately $11,417,705.25. The trade was a 1.52 % 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 shares are required to disclose their transactions with the SEC.
CVR Partners Stock Up 1.4 %
Shares of NYSE:UAN opened at $74.21 on Friday. The firm has a 50 day simple moving average of $72.65 and a 200-day simple moving average of $73.07. CVR Partners, LP has a twelve month low of $61.62 and a twelve 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 company has a market capitalization of $1.27 billion, a PE ratio of 14.93 and a beta of 1.35.
CVR Partners Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a $1.19 dividend. The ex-dividend date was Friday, November 8th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.41%. CVR Partners's payout ratio is 95.77%.
Institutional Inflows and Outflows
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Several hedge funds and other institutional investors have recently bought and sold shares of the business. De Lisle Partners LLP increased its position in 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. Exchange Traded Concepts LLC purchased a new position in CVR Partners in the third quarter worth $293,000. Oxbow Advisors LLC purchased a new stake in shares of CVR Partners during the 2nd quarter worth $212,000. Founders Financial Alliance LLC increased its holdings in shares of 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 valued at $1,279,000 after purchasing an additional 1,400 shares in the last quarter. Finally, McIlrath & Eck LLC acquired a new stake in shares of CVR Partners in the third quarter valued at about $51,000. 43.83% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, StockNews.com downgraded CVR Partners from a "strong-buy" rating to a "buy" rating in a report on Wednesday.
Read Our Latest Stock Report on UAN
CVR Partners Company Profile
(
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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.
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