Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Buys 2,532 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn bought 2,532 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were purchased at an average cost of $73.77 per share, with a total value of $186,785.64. Following the purchase, the insider now directly owns 184,216 shares of the company’s stock, valued at approximately $13,589,614.32. This represents a 1.39 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

CVR Partners Trading Down 0.5 %

Shares of UAN stock opened at $74.80 on Friday. The stock has a 50-day simple moving average of $78.93 and a 200 day simple moving average of $73.85. CVR Partners, LP has a fifty-two week low of $62.01 and a fifty-two week high of $88.94. The stock has a market capitalization of $1.28 billion, a P/E ratio of 12.99 and a beta of 1.35. 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) last announced 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 during the quarter.

CVR Partners Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 10th. Stockholders of record on Monday, March 3rd will be issued a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 9.36%. This is an increase from CVR Partners’s previous quarterly dividend of $1.19. The ex-dividend date of this dividend is Monday, March 3rd. CVR Partners’s dividend payout ratio is currently 121.53%.

Institutional Investors Weigh In On CVR Partners

Several hedge funds have recently modified their holdings of the stock. Icahn Carl C lifted its holdings 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 purchasing an additional 174,192 shares during the last quarter. De Lisle Partners LLP lifted its stake in CVR Partners by 18.1% in the 3rd quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock worth $3,071,000 after acquiring an additional 7,000 shares in the last quarter. Rangeley Capital LLC acquired a new stake in CVR Partners during the 4th quarter worth about $1,823,000. Bank of America Corp DE grew its stake in CVR Partners by 13.4% during the 4th quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company’s stock valued at $975,000 after acquiring an additional 1,520 shares in the last quarter. Finally, GSA Capital Partners LLP grew its stake in CVR Partners by 12.8% during the 3rd quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after acquiring an additional 1,187 shares in the last quarter. 43.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com cut CVR Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st.

CVR Partners Company Profile

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.