Texas Yale Capital Corp. grew its stake in shares of Icahn Enterprises L.P. (NASDAQ:IEP) by 4.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 62,593 shares of the conglomerate’s stock after acquiring an additional 2,898 shares during the period. Texas Yale Capital Corp.’s holdings in Icahn Enterprises L.P. were worth $3,434,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. HighTower Advisors LLC acquired a new stake in shares of Icahn Enterprises L.P. during the 2nd quarter valued at $1,774,000. Rafferty Asset Management LLC lifted its position in shares of Icahn Enterprises L.P. by 8.8% during the 2nd quarter. Rafferty Asset Management LLC now owns 60,720 shares of the conglomerate’s stock valued at $3,137,000 after acquiring an additional 4,910 shares during the last quarter. IPG Investment Advisors LLC acquired a new stake in shares of Icahn Enterprises L.P. during the 2nd quarter valued at $207,000. Citigroup Inc. lifted its position in shares of Icahn Enterprises L.P. by 6.2% during the 2nd quarter. Citigroup Inc. now owns 5,900,594 shares of the conglomerate’s stock valued at $304,825,000 after acquiring an additional 344,402 shares during the last quarter. Finally, Investment Centers of America Inc. lifted its position in shares of Icahn Enterprises L.P. by 8.8% during the 2nd quarter. Investment Centers of America Inc. now owns 8,287 shares of the conglomerate’s stock valued at $433,000 after acquiring an additional 672 shares during the last quarter. Institutional investors own 95.04% of the company’s stock.

IEP has been the subject of a number of recent research reports. Jefferies Group LLC reiterated a “buy” rating and set a $61.00 price objective on shares of Icahn Enterprises L.P. in a research report on Wednesday, August 9th. TheStreet upgraded Icahn Enterprises L.P. from a “d+” rating to a “c” rating in a research report on Tuesday, August 8th. BidaskClub lowered Icahn Enterprises L.P. from a “buy” rating to a “hold” rating in a report on Saturday, August 12th. UBS AG increased their target price on Icahn Enterprises L.P. from $39.00 to $42.00 and gave the company a “sell” rating in a report on Wednesday, November 8th. Finally, ValuEngine lowered Icahn Enterprises L.P. from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company’s stock. Icahn Enterprises L.P. has a consensus rating of “Hold” and an average price target of $51.50.

Icahn Enterprises L.P. (NASDAQ IEP) traded up $0.74 on Wednesday, hitting $53.30. The stock had a trading volume of 49,491 shares, compared to its average volume of 92,668. The stock has a market capitalization of $8,778.80, a price-to-earnings ratio of 4.47 and a beta of 1.77. Icahn Enterprises L.P. has a one year low of $47.06 and a one year high of $64.80. The company has a debt-to-equity ratio of 1.00, a current ratio of 2.76 and a quick ratio of 2.76.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Monday, November 13th will be issued a $1.50 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $6.00 dividend on an annualized basis and a dividend yield of 11.26%. Icahn Enterprises L.P.’s payout ratio is currently 13.04%.

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Icahn Enterprises L.P. Profile

Icahn Enterprises L.P. (Icahn Enterprises) is a holding company. The Company’s segments include Automotive, Energy, Metals, Railcar, Gaming, Food Packaging, Mining, Real Estate and Home Fashion. The Company’s Investment segment includes various private investment funds. The Company operates its Automotive segment through its ownership in Federal-Mogul Holdings Corporation and IEH Auto Parts Holding LLC.

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Institutional Ownership by Quarter for Icahn Enterprises L.P. (NASDAQ:IEP)

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