CVR Partners (NYSE:UAN) Sees Strong Trading Volume – Should You Buy?

CVR Partners, LP (NYSE:UAN) saw strong trading volume on Monday . 14,468 shares were traded during mid-day trading, a decline of 42% from the previous session’s volume of 24,995 shares.The stock last traded at $77.34 and had previously closed at $76.97.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of CVR Partners from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 18th.

CVR Partners Stock Performance

The company has a fifty day moving average of $73.61 and a two-hundred day moving average of $72.81. The stock has a market capitalization of $1.32 billion, a P/E ratio of 15.51 and a beta of 1.36. The company has a debt-to-equity ratio of 1.91, a current ratio of 2.15 and a quick ratio of 1.44.

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 $1.19 dividend. The ex-dividend date was Friday, November 8th. This represents a $4.76 dividend on an annualized basis and a dividend yield of 6.18%. CVR Partners’s dividend payout ratio (DPR) is 95.77%.

Insider Buying and Selling

In related news, major shareholder Carl C. Icahn bought 23,910 shares of the firm’s stock in a transaction on Friday, November 8th. The stock was bought at an average cost of $68.76 per share, for a total transaction of $1,644,051.60. Following the completion of the purchase, the insider now directly owns 55,552 shares in the company, valued at approximately $3,819,755.52. The trade was a 75.56 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 88,647 shares of company stock worth $6,329,766 over the last ninety days.

Institutional Trading of CVR Partners

Several hedge funds have recently made changes to their positions in the stock. De Lisle Partners LLP increased its position in CVR Partners by 18.1% in the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock worth $3,071,000 after buying an additional 7,000 shares during the period. Founders Financial Alliance LLC increased its holdings in shares of CVR Partners by 9.0% in the 2nd quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after acquiring an additional 1,400 shares during the period. GSA Capital Partners LLP increased its holdings in shares of CVR Partners by 12.8% in the 3rd quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock worth $702,000 after acquiring an additional 1,187 shares during the period. Exchange Traded Concepts LLC bought a new stake in CVR Partners in the 3rd quarter valued at about $293,000. Finally, Apollon Wealth Management LLC acquired a new position in CVR Partners during the 3rd quarter valued at about $244,000. Institutional investors 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.