Insider Buying: CVR Partners, LP (NYSE:UAN) Major Shareholder Buys 2,518 Shares of Stock

CVR Partners, LP (NYSE:UAN) major shareholder Carl C. Icahn purchased 2,518 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were purchased at an average price of $74.97 per share, for a total transaction of $188,774.46. Following the completion of the purchase, the insider now owns 147,213 shares of the company’s stock, valued at approximately $11,036,558.61. This trade represents a 1.74 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

CVR Partners Stock Down 0.1 %

CVR Partners stock traded down $0.05 during midday trading on Tuesday, hitting $75.00. The stock had a trading volume of 27,406 shares, compared to its average volume of 35,754. The business has a fifty day moving average price of $72.33 and a 200 day moving average price of $73.11. CVR Partners, LP has a 12 month low of $61.62 and a 12 month high of $88.94. The stock has a market cap of $1.28 billion, a P/E ratio of 15.09 and a beta of 1.35. The company has a current ratio of 2.15, a quick ratio of 1.44 and a debt-to-equity ratio of 1.91.

CVR Partners Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were issued a dividend of $1.19 per share. This represents a $4.76 annualized dividend and a dividend yield of 6.35%. The ex-dividend date of this dividend was Friday, November 8th. CVR Partners’s dividend payout ratio (DPR) is 95.77%.

Institutional Investors Weigh In On CVR Partners

Hedge funds have recently made changes to their positions in the business. De Lisle Partners LLP increased its stake in shares of 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. Exchange Traded Concepts LLC purchased a new position in shares of CVR Partners during the third quarter valued at $293,000. Oxbow Advisors LLC acquired a new stake in CVR Partners during the 2nd quarter worth about $212,000. Founders Financial Alliance LLC grew its stake in CVR Partners by 9.0% during the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock valued at $1,279,000 after acquiring an additional 1,400 shares in the last quarter. Finally, McIlrath & Eck LLC purchased a new position in CVR Partners during the third quarter valued at approximately $51,000. Institutional investors own 43.83% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised CVR Partners from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, December 10th.

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.