CVR Partners, LP (NYSE:UAN - Get Free Report) major shareholder Carl C. Icahn purchased 6,236 shares of the firm's stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average price of $74.36 per share, with a total value of $463,708.96. Following the completion of the purchase, the insider now directly owns 168,693 shares of the company's stock, valued at approximately $12,544,011.48. This represents a 3.84 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.
UAN stock traded down $0.81 during trading on Thursday, hitting $75.14. 30,895 shares of the company's stock traded hands, compared to its average volume of 35,533. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 15.12 and a beta of 1.35. CVR Partners, LP has a 52 week low of $61.62 and a 52 week high of $88.94. The stock has a fifty day moving average price of $73.03 and a two-hundred day moving average price of $72.88. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Investors of record on Friday, November 8th were paid a dividend of $1.19 per share. The ex-dividend date was Friday, November 8th. This represents a $4.76 annualized dividend and a yield of 6.33%. CVR Partners's dividend payout ratio (DPR) is 95.77%.
Separately, StockNews.com lowered CVR Partners from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, December 18th.
Read Our Latest Stock Report on CVR Partners
A number of large investors have recently bought and sold shares of UAN. Oxbow Advisors LLC raised its position in shares of CVR Partners by 10.5% during the 3rd quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company's stock worth $208,000 after purchasing an additional 295 shares during the period. McIlrath & Eck LLC bought a new position in CVR Partners during the 3rd quarter worth $51,000. GSA Capital Partners LLP increased its position in CVR Partners by 12.8% in the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company's stock worth $702,000 after buying an additional 1,187 shares during the period. Founders Financial Alliance LLC lifted its stake in CVR Partners by 9.0% in the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company's stock valued at $1,279,000 after buying an additional 1,400 shares during the last quarter. Finally, Apollon Wealth Management LLC acquired a new position in shares of CVR Partners during the third quarter valued at $244,000. Institutional investors own 43.83% of the company's stock.
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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