A new SEC filing reveals that CARL ICAHN, 10% Owner at CVR Partners (NYSE:UAN), made a notable insider purchase on March 6,.
What Happened: In a significant move reported in a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday, ICAHN purchased 10,024 shares of CVR Partners, demonstrating confidence in the company’s growth potential. The total value of the transaction stands at $737,934.
As of Thursday morning, CVR Partners shares are up by 0.26%, currently priced at $75.38.
Discovering CVR Partners: A Closer Look
CVR Partners LP is a manufacturer and supplier of nitrogen fertilizer products. Its principal products include Urea Ammonium Nitrate (UAN) and ammonia. The company market ammonia products to industrial and agricultural customers and UAN products to agricultural customers. The primary geographic markets for its fertilizer products are Kansas, Missouri, Nebraska, Iowa, Illinois, Colorado, and Texas. The company’s product sales are heavily weighted toward UAN.
CVR Partners’s Financial Performance
Decline in Revenue: Over the 3 months period, CVR Partners faced challenges, resulting in a decline of approximately -1.46% in revenue growth as of 31 December, 2024. This signifies a reduction in the company’s top-line earnings. As compared to competitors, the company surpassed expectations with a growth rate higher than the …
