CVR Partners (NYSE:UAN) Sees Unusually-High Trading Volume – Still a Buy?

CVR Partners, LP (NYSE:UAN) shares saw an uptick in trading volume on Monday . 67,566 shares changed hands during mid-day trading, an increase of 115% from the previous session’s volume of 31,474 shares.The stock last traded at $84.03 and had previously closed at $82.00.

Analyst Ratings Changes

Separately, StockNews.com raised CVR Partners from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, April 30th.

CVR Partners Stock Up 1.9%

The firm has a 50-day simple moving average of $75.95 and a 200 day simple moving average of $76.37. The company has a debt-to-equity ratio of 1.94, a current ratio of 2.10 and a quick ratio of 1.44. The company has a market capitalization of $1.43 billion, a PE ratio of 14.50 and a beta of 1.07.

CVR Partners (NYSE:UAN) last released its quarterly earnings results on Monday, April 28th. The basic materials company reported $2.56 EPS for the quarter. CVR Partners had a return on equity of 20.61% and a net margin of 11.59%. The business had revenue of $142.87 million for the quarter.

CVR Partners Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, May 19th. Investors of record on Tuesday, May 13th will be issued a $2.26 dividend. This represents a yield of 11.3%. The ex-dividend date of this dividend is Monday, May 12th. CVR Partners’s dividend payout ratio is currently 126.79%.

Insider Activity at CVR Partners

In other news, major shareholder Carl C. Icahn acquired 500 shares of the stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average cost of $74.98 per share, with a total value of $37,490.00. Following the completion of the acquisition, the insider now directly owns 207,686 shares in the company, valued at $15,572,296.28. This represents a 0.24% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders bought a total of 51,742 shares of company stock valued at $3,739,884 over the last three months.

Hedge Funds Weigh In On CVR Partners

Several institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in shares of CVR Partners during the first quarter valued at approximately $1,595,000. Advisors Asset Management Inc. bought a new position in shares of CVR Partners during the first quarter valued at approximately $266,000. State of Wyoming grew its holdings in shares of CVR Partners by 45.4% during the first quarter. State of Wyoming now owns 3,310 shares of the basic materials company’s stock valued at $249,000 after purchasing an additional 1,033 shares during the last quarter. PEAK6 LLC acquired a new position in shares of CVR Partners during the first quarter worth approximately $573,000. Finally, Virtu Financial LLC boosted its position in shares of CVR Partners by 34.5% during the first quarter. Virtu Financial LLC now owns 4,010 shares of the basic materials company’s stock worth $301,000 after buying an additional 1,029 shares during the period. 43.83% of the stock is owned by institutional investors.

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.