CVR Partners (NYSE:UAN) Sees Strong Trading Volume After Insider Buying Activity

Shares of CVR Partners, LP (NYSE:UAN - Get Free Report) saw unusually-high trading volume on Monday following insider buying activity. Approximately 57,197 shares changed hands during trading, an increase of 80% from the previous session's volume of 31,777 shares.The stock last traded at $68.08 and had previously closed at $69.58.

Specifically, major shareholder Carl C. Icahn bought 6,071 shares of CVR Partners stock in a transaction on Monday, April 7th. The shares were purchased at an average price of $66.65 per share, for a total transaction of $404,632.15. Following the completion of the acquisition, the insider now owns 219,620 shares in the company, valued at approximately $14,637,673. This represents a 2.84 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Carl C. Icahn purchased 500 shares of the business's stock in a transaction that occurred on Thursday, April 3rd. The stock was purchased at an average price of $74.98 per share, for a total transaction of $37,490.00. Following the completion of the transaction, the insider now directly owns 207,686 shares in the company, valued at $15,572,296.28. This trade represents a 0.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In other news, major shareholder Carl C. Icahn bought 2,819 shares of the stock in a transaction on Monday, March 31st. The stock was purchased at an average price of $74.79 per share, with a total value of $210,833.01. Following the completion of the purchase, the insider now owns 207,155 shares of the company's stock, valued at approximately $15,493,122.45. This trade represents a 1.38 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

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Analyst Ratings Changes

Separately, StockNews.com cut 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 company has a 50-day moving average of $75.52 and a 200-day moving average of $74.76. The company has a debt-to-equity ratio of 1.94, a quick ratio of 1.44 and a current ratio of 2.10. The firm has a market capitalization of $1.23 billion, a price-to-earnings ratio of 12.43 and a beta of 0.89.

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

CVR Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were given a $1.75 dividend. This represents a $7.00 dividend on an annualized basis and a yield of 9.78%. 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 dividend payout ratio (DPR) is currently 121.53%.

Hedge Funds Weigh In On CVR Partners

Large investors have recently bought and sold shares of the company. Icahn Carl C lifted its position in shares of 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 in the last quarter. Rangeley Capital LLC acquired a new position in shares of CVR Partners during the 4th quarter worth about $1,823,000. Bank of America Corp DE increased its position in shares of CVR Partners by 13.4% in the fourth quarter. Bank of America Corp DE now owns 12,833 shares of the basic materials company's stock valued at $975,000 after acquiring an additional 1,520 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in CVR Partners during the fourth quarter worth about $480,000. Finally, Apollon Wealth Management LLC boosted its position in CVR Partners by 18.4% during the fourth 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. Institutional investors and hedge funds own 43.83% of the company's stock.

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.