CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn acquired 5,308 shares of the company's stock in a transaction that occurred on Monday, April 21st. The shares were acquired at an average price of $73.87 per share, with a total value of $392,101.96. Following the acquisition, the insider now owns 267,253 shares in the company, valued at $19,741,979.11. This trade represents a 2.03 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
CVR Partners Price Performance
Shares of UAN stock opened at $75.61 on Thursday. The company's 50-day simple moving average is $74.74 and its two-hundred day simple moving average is $75.04. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.10 and a quick ratio of 1.44. CVR Partners, LP has a one year low of $62.94 and a one year high of $88.94. The company has a market capitalization of $1.29 billion, a P/E ratio of 13.13 and a beta of 0.89.
CVR Partners (NYSE:UAN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter. The company 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. Investors of record on Monday, March 3rd were issued a $1.75 dividend. This is an increase from CVR Partners's previous quarterly dividend of $1.19. This represents a $7.00 annualized dividend and a dividend yield of 9.26%. The ex-dividend date of this dividend was Monday, March 3rd. CVR Partners's payout ratio is presently 121.53%.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of CVR Partners from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 21st.
Check Out Our Latest Stock Analysis on CVR Partners
Institutional Trading of CVR Partners
A number of hedge funds have recently added to or reduced their stakes in UAN. McIlrath & Eck LLC bought a new stake in shares of CVR Partners in the 3rd quarter valued at about $51,000. Apollon Wealth Management LLC increased its holdings 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 valued at $326,000 after buying an additional 667 shares during the period. Raymond James Financial Inc. purchased a new stake in CVR Partners during the fourth quarter worth $233,000. Virtu Financial LLC bought a new stake in CVR Partners during the 4th quarter valued at $226,000. Finally, Summit Securities Group LLC increased its holdings 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 valued at $220,000 after acquiring an additional 1,600 shares during the period. 43.83% of the stock is owned by hedge funds and other institutional investors.
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.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. This story was reviewed by InsiderTrades.com's editorial team prior to publication. Please send any questions or comments about this story to contact@insidertrades.com.
