CVR Partners (NYSE:UAN) Sees Unusually-High Trading Volume - Here's Why

CVR Partners, LP (NYSE:UAN - Get Free Report) saw strong trading volume on Tuesday . 27,524 shares changed hands during 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 Analyst Weigh In

Separately, StockNews.com downgraded 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 stock has a market cap of $1.34 billion, a P/E ratio of 13.59 and a beta of 0.89. The firm has a 50-day moving average price of $74.72 and a 200-day moving average price of $75.16. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10.

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

CVR Partners Increases Dividend

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

Insider Buying and Selling at CVR Partners

In other CVR Partners news, major shareholder Carl C. Icahn acquired 2,532 shares of the stock in a transaction dated Wednesday, March 5th. The shares were acquired at an average cost of $73.77 per share, for a total transaction of $186,785.64. Following the completion of the transaction, the insider now directly owns 184,216 shares of the company's stock, valued at approximately $13,589,614.32. The trade was a 1.39 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last quarter, insiders purchased 51,742 shares of company stock valued at $3,739,884.

Institutional Investors Weigh In On CVR Partners

Several institutional investors and hedge funds have recently modified their holdings of the stock. Apollon Wealth Management LLC boosted its holdings in shares of CVR Partners by 18.4% during the 4th quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company's stock valued at $326,000 after purchasing an additional 667 shares during the last quarter. McIlrath & Eck LLC purchased a new stake in CVR Partners during the third quarter valued at $51,000. Bank of America Corp DE increased its holdings in shares of CVR Partners by 13.4% in 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 last quarter. Summit Securities Group LLC increased its holdings in shares of CVR Partners by 123.1% in the 4th quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company's stock worth $220,000 after buying an additional 1,600 shares during the last quarter. Finally, Chancellor Financial Group WB LP purchased a new stake in shares of CVR Partners during the 4th quarter valued at about $209,000. 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.