Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Acquires 3,284 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn acquired 3,284 shares of CVR Partners stock in a transaction that occurred on Thursday, March 13th. The shares were purchased at an average cost of $74.80 per share, with a total value of $245,643.20. Following the transaction, the insider now owns 200,458 shares of the company’s stock, valued at approximately $14,994,258.40. The trade was a 1.67 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

CVR Partners Stock Performance

Shares of CVR Partners stock traded up $0.35 during trading on Thursday, reaching $75.13. The company’s stock had a trading volume of 16,726 shares, compared to its average volume of 33,712. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10. The business’s fifty day moving average price is $78.88 and its 200-day moving average price is $73.98. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 13.04 and a beta of 1.24. CVR Partners, LP has a one year low of $62.94 and a one year high of $88.94.

CVR Partners (NYSE:UAN) last posted its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.73 EPS 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 declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 9.32%. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. The ex-dividend date of this dividend was Monday, March 3rd. CVR Partners’s payout ratio is currently 121.53%.

Hedge Funds Weigh In On CVR Partners

Several institutional investors and hedge funds have recently added to or reduced their stakes in UAN. Apollon Wealth Management LLC bought a new position in CVR Partners during the third quarter valued at about $244,000. GSA Capital Partners LLP increased its stake in CVR Partners by 12.8% during the third 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 during the period. De Lisle Partners LLP increased its stake in CVR Partners by 18.1% during the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock valued at $3,071,000 after acquiring an additional 7,000 shares during the period. McIlrath & Eck LLC bought a new position in CVR Partners during the third quarter valued at about $51,000. Finally, Raymond James Financial Inc. bought a new position in CVR Partners during the fourth quarter valued at about $233,000. 43.83% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut CVR Partners from a “strong-buy” rating to a “buy” rating in a research report 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.