CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn bought 6,071 shares of the stock in a transaction on Wednesday, April 9th. The stock was acquired at an average cost of $68.30 per share, for a total transaction of $414,649.30. Following the acquisition, the insider now directly owns 231,762 shares in the company, valued at approximately $15,829,344.60. The trade was a 2.69 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.
CVR Partners Stock Performance
NYSE UAN opened at $67.93 on Friday. The company's fifty day moving average is $75.72 and its two-hundred day moving average is $74.73. CVR Partners, LP has a 52-week low of $62.94 and a 52-week high of $88.94. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.10 and a quick ratio of 1.44. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 11.79 and a beta of 0.89.
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. The business had revenue of $139.56 million for the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%.
CVR Partners Increases Dividend
The company 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. The ex-dividend date was Monday, March 3rd. This is a boost from CVR Partners's previous quarterly dividend of $1.19. This represents a $7.00 dividend on an annualized basis and a dividend yield of 10.30%. CVR Partners's payout ratio is currently 121.53%.
Analyst Upgrades and Downgrades
Separately, StockNews.com cut CVR Partners from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st.
Read Our Latest Research Report on CVR Partners
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the company. McIlrath & Eck LLC bought a new stake in CVR Partners in the 3rd quarter valued at $51,000. Chancellor Financial Group WB LP acquired a new stake in shares of CVR Partners during the 4th quarter valued at about $209,000. Summit Securities Group LLC increased its stake in CVR Partners by 123.1% in the fourth quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company's stock valued at $220,000 after acquiring an additional 1,600 shares during the period. Virtu Financial LLC acquired a new position in CVR Partners in the fourth quarter worth about $226,000. Finally, Stifel Financial Corp bought a new position in CVR Partners during the fourth quarter worth about $227,000. 43.83% of the stock is owned by institutional investors.
About CVR Partners
(
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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