CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn acquired 5,168 shares of the firm's stock in a transaction on Wednesday, April 16th. The stock was bought at an average price of $74.11 per share, with a total value of $383,000.48. Following the completion of the acquisition, the insider now directly owns 256,777 shares in the company, valued at approximately $19,029,743.47. This represents a 2.05 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
CVR Partners Trading Up 2.0 %
UAN opened at $74.44 on Friday. The stock has a market cap of $1.27 billion, a PE ratio of 12.92 and a beta of 0.89. The business has a 50 day moving average of $74.86 and a 200-day moving average of $74.91. CVR Partners, LP has a 52 week low of $62.94 and a 52 week high of $88.94. 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 announced its earnings results on Tuesday, February 18th. The basic materials company reported $1.73 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 firm also recently announced a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were paid a dividend of $1.75 per share. This is an increase from CVR Partners's previous quarterly dividend of $1.19. The ex-dividend date was Monday, March 3rd. This represents a $7.00 dividend on an annualized basis and a dividend yield of 9.40%. CVR Partners's dividend payout ratio (DPR) is currently 121.53%.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered shares of CVR Partners from a "strong-buy" rating to a "buy" rating in a report on Friday, February 21st.
Get Our Latest Report on UAN
Hedge Funds Weigh In On CVR Partners
Several large investors have recently made changes to their positions in UAN. McIlrath & Eck LLC bought a new position in CVR Partners during the 3rd quarter valued at approximately $51,000. Chancellor Financial Group WB LP bought a new position in shares of CVR Partners during the fourth quarter valued at $209,000. Summit Securities Group LLC raised its position in shares of CVR Partners by 123.1% in the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company's stock worth $220,000 after purchasing an additional 1,600 shares during the last quarter. Virtu Financial LLC bought a new position in CVR Partners in the 4th quarter worth about $226,000. Finally, Stifel Financial Corp purchased a new stake in CVR Partners during the 4th quarter valued at about $227,000. 43.83% of the stock is currently owned by hedge funds and other institutional investors.
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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