CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn acquired 4,343 shares of the company's stock in a transaction on Friday, April 11th. The stock was acquired at an average cost of $70.41 per share, for a total transaction of $305,790.63. Following the completion of the purchase, the insider now directly owns 242,176 shares of the company's stock, valued at approximately $17,051,612.16. This represents a 1.83 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
CVR Partners Stock Up 1.4 %
Shares of NYSE:UAN opened at $73.18 on Wednesday. The business's 50 day moving average is $75.20 and its 200 day moving average is $74.83. CVR Partners, LP has a 12-month low of $62.94 and a 12-month high of $88.94. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 12.70 and a beta of 0.89. The company has a quick ratio of 1.44, a current ratio of 2.10 and a debt-to-equity ratio of 1.94.
CVR Partners (NYSE:UAN - Get Free Report) last posted its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter. The firm had revenue of $139.56 million for the quarter. CVR Partners had a net margin of 11.59% and a return on equity of 20.61%.
CVR Partners Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were paid a $1.75 dividend. This is a positive change from CVR Partners's previous quarterly dividend of $1.19. The ex-dividend date was Monday, March 3rd. This represents a $7.00 annualized dividend and a yield of 9.57%. CVR Partners's dividend payout ratio (DPR) is 121.53%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com cut shares of CVR Partners from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st.
Get Our Latest Analysis on UAN
Hedge Funds Weigh In On CVR Partners
Hedge funds and other institutional investors have recently modified their holdings of the business. Icahn Carl C increased its position in shares of 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 valued at $308,868,000 after acquiring an additional 174,192 shares during the last quarter. Rangeley Capital LLC purchased a new position in CVR Partners in the fourth quarter worth $1,823,000. Susquehanna Fundamental Investments LLC bought a new position in CVR Partners in the 4th quarter valued at $480,000. Novem Group purchased a new stake in shares of CVR Partners during the 4th quarter valued at $243,000. Finally, MGO One Seven LLC bought a new stake in shares of CVR Partners during the 4th quarter worth $243,000. Hedge funds and other institutional investors own 43.83% of the company's stock.
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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