CVR Partners (NYSE:UAN) Shares Gap Down - Time to Sell?

Shares of CVR Partners, LP (NYSE:UAN - Get Free Report) gapped down prior to trading on Wednesday . The stock had previously closed at $78.93, but opened at $75.35. CVR Partners shares last traded at $80.54, with a volume of 5,669 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of CVR Partners from a "strong-buy" rating to a "buy" rating in a research note on Friday.

CVR Partners Price Performance

The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.85 and a beta of 1.35. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91. The company's 50 day moving average is $78.53 and its 200 day moving average is $73.54.

CVR Partners (NYSE:UAN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share (EPS) for the quarter. The firm had revenue of $139.56 million for the quarter. CVR Partners had a net margin of 11.59% and a return on equity of 20.56%.

CVR Partners Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Monday, March 3rd will be paid a dividend of $1.75 per share. This represents a $7.00 dividend on an annualized basis and a yield of 8.77%. This is an increase from CVR Partners's previous quarterly dividend of $1.19. The ex-dividend date is Monday, March 3rd. CVR Partners's dividend payout ratio is presently 82.64%.

Insiders Place Their Bets

In related news, major shareholder Carl C. Icahn bought 921 shares of the company's stock in a transaction dated Thursday, December 26th. The stock was purchased at an average price of $74.92 per share, with a total value of $69,001.32. Following the completion of the acquisition, the insider now owns 169,654 shares of the company's stock, valued at $12,710,477.68. The trade was a 0.55 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have bought 23,855 shares of company stock worth $1,777,923 over the last ninety days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. McIlrath & Eck LLC bought a new position in shares of CVR Partners in the third quarter worth about $51,000. Oxbow Advisors LLC lifted its holdings in shares of CVR Partners by 10.5% in the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company's stock worth $208,000 after acquiring an additional 295 shares during the last quarter. Summit Securities Group LLC lifted its holdings in shares of CVR Partners by 123.1% in the fourth quarter. Summit Securities Group LLC now owns 2,900 shares of the basic materials company's stock worth $220,000 after acquiring an additional 1,600 shares during the last quarter. Virtu Financial LLC bought a new position in CVR Partners in the 4th quarter valued at approximately $226,000. Finally, Stifel Financial Corp bought a new position in CVR Partners in the 4th quarter valued at approximately $227,000. 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.