CVR Partners (NYSE:UAN) Sees Unusually-High Trading Volume - Should You Buy?

CVR Partners, LP (NYSE:UAN - Get Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 27,524 shares were traded during mid-day trading, a decline of 15% from the previous session's volume of 32,344 shares.The stock last traded at $74.75 and had previously closed at $74.44.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered shares of CVR Partners from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 21st.

CVR Partners Price Performance

The business's 50-day simple moving average is $74.72 and its two-hundred day simple moving average is $75.21. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 13.59 and a beta of 0.89. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.10 and a quick ratio of 1.44.

CVR Partners (NYSE:UAN - Get Free Report) last announced its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.73 EPS for the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%. The firm had revenue of $139.56 million for the quarter.

CVR Partners Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 10th. Shareholders of record on Monday, March 3rd were given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a dividend yield of 8.94%. The ex-dividend date of this dividend was Monday, March 3rd. This is a positive change from CVR Partners's previous quarterly dividend of $1.19. CVR Partners's payout ratio is 121.53%.

Insider Activity at CVR Partners

In other CVR Partners news, major shareholder Carl C. Icahn acquired 3,746 shares of the company's stock in a transaction dated Monday, March 3rd. The shares were bought at an average cost of $74.97 per share, with a total value of $280,837.62. Following the purchase, the insider now directly owns 177,938 shares of the company's stock, valued at $13,340,011.86. This trade represents a 2.15 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 51,742 shares of company stock worth $3,739,884 over the last ninety days.

Institutional Trading of CVR Partners

Several large investors have recently modified their holdings of UAN. Icahn Carl C grew its holdings in CVR Partners by 4.5% in the fourth quarter. Icahn Carl C now owns 4,066,192 shares of the basic materials company's stock worth $308,868,000 after purchasing an additional 174,192 shares during the period. Rangeley Capital LLC bought a new stake in CVR Partners in the 4th quarter valued at about $1,823,000. Bank of America Corp DE raised its stake in CVR Partners by 13.4% during the 4th quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company's stock worth $975,000 after buying an additional 1,520 shares during the period. Susquehanna Fundamental Investments LLC bought a new position in CVR Partners in the fourth quarter worth approximately $480,000. Finally, Apollon Wealth Management LLC grew its stake in CVR Partners by 18.4% in the fourth quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company's stock valued at $326,000 after acquiring an additional 667 shares during the period. Institutional investors and hedge funds own 43.83% of the company's stock.

About CVR Partners

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.