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

CVR Partners, LP (NYSE:UAN) saw unusually-high trading volume on Monday . Approximately 14,468 shares traded hands during 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 Analysts Forecast Growth

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

CVR Partners Price Performance

The company has a 50 day simple moving average of $73.82 and a 200 day simple moving average of $72.82. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of 15.08 and a beta of 1.36. The company has a quick ratio of 1.44, a current ratio of 2.15 and a debt-to-equity ratio of 1.91.

CVR Partners Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Friday, November 8th were paid a dividend of $1.19 per share. The ex-dividend date was Friday, November 8th. This represents a $4.76 annualized dividend and a yield of 6.35%. CVR Partners’s dividend payout ratio is currently 95.77%.

Insider Transactions at CVR Partners

In other news, major shareholder Carl C. Icahn acquired 23,910 shares of the stock in a transaction on Friday, November 8th. The stock was bought at an average price of $68.76 per share, with a total value of $1,644,051.60. Following the completion of the transaction, the insider now directly owns 55,552 shares of the company’s stock, valued at $3,819,755.52. The trade was a 75.56 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders acquired 88,647 shares of company stock valued at $6,329,766 over the last 90 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. McIlrath & Eck LLC acquired a new position in CVR Partners during the 3rd quarter worth $51,000. De Lisle Partners LLP grew its stake 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 purchasing an additional 7,000 shares in the last quarter. GSA Capital Partners LLP increased its holdings in CVR Partners by 12.8% in the third quarter. GSA Capital Partners LLP now owns 10,458 shares of the basic materials company’s stock valued at $702,000 after buying an additional 1,187 shares during the last quarter. Apollon Wealth Management LLC acquired a new stake in CVR Partners during the third quarter valued at approximately $244,000. Finally, Oxbow Advisors LLC lifted its holdings in CVR Partners by 10.5% during the 3rd quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock worth $208,000 after buying an additional 295 shares during the last quarter. Hedge funds and other institutional investors 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.