CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn purchased 3,284 shares of the stock in a transaction dated Thursday, March 13th. The stock was acquired at an average cost of $74.80 per share, for a total transaction of $245,643.20. Following the completion of the transaction, the insider now owns 200,458 shares of the company's stock, valued at $14,994,258.40. The trade was a 1.67 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
CVR Partners Trading Up 0.5 %
Shares of NYSE:UAN opened at $75.13 on Friday. CVR Partners, LP has a 52-week low of $62.94 and a 52-week high of $88.94. The company has a market cap of $1.29 billion, a P/E ratio of 13.04 and a beta of 1.24. The stock's 50-day moving average is $78.88 and its 200-day moving average is $73.98. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10.
CVR Partners (NYSE:UAN - Get Free Report) last released its earnings results on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share for the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%. The business had revenue of $139.56 million for the quarter.
CVR Partners Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were given a dividend of $1.75 per share. The ex-dividend date of this dividend was Monday, March 3rd. This is an increase from CVR Partners's previous quarterly dividend of $1.19. This represents a $7.00 dividend on an annualized basis and a yield of 9.32%. CVR Partners's dividend payout ratio (DPR) is 121.53%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded CVR Partners from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st.
View Our Latest Research Report on UAN
Institutional Investors Weigh In On CVR Partners
A number of institutional investors have recently added to or reduced their stakes in the company. Apollon Wealth Management LLC grew its position in CVR Partners by 18.4% during the fourth quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company's stock worth $326,000 after buying an additional 667 shares in the last quarter. McIlrath & Eck LLC acquired a new stake in CVR Partners during the third quarter valued at approximately $51,000. GSA Capital Partners LLP boosted its holdings in CVR Partners by 12.8% during the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company's stock valued at $702,000 after purchasing an additional 1,187 shares in the last quarter. Bank of America Corp DE boosted its holdings in CVR Partners by 13.4% during the fourth quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company's stock valued at $975,000 after purchasing an additional 1,520 shares in the last quarter. Finally, Summit Securities Group LLC boosted its holdings in CVR Partners by 123.1% during the fourth quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company's stock valued at $220,000 after purchasing an additional 1,600 shares in the last quarter. 43.83% of the stock is owned by institutional investors and hedge funds.
CVR Partners Company Profile
(
Get Free Report)
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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