CVR Partners (NYSE:UAN) Sees Unusually-High Trading Volume Following Insider Buying Activity

CVR Partners, LP (NYSE:UAN) shares saw unusually-strong 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 acquired 6,071 shares of the stock in a transaction on Monday, April 7th. The shares were bought at an average cost of $66.65 per share, with a total value of $404,632.15. Following the transaction, the insider now owns 219,620 shares of the company’s stock, valued at approximately $14,637,673. This trade represents a 2.84 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Carl C. Icahn bought 500 shares of CVR Partners stock in a transaction dated Thursday, April 3rd. The stock was acquired 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 of the company’s stock, valued at approximately $15,572,296.28. The trade was a 0.24 % increase in their position. The disclosure for this purchase can be found here. In related news, major shareholder Carl C. Icahn purchased 2,819 shares of the company’s stock in a transaction that occurred on Monday, March 31st. The shares were purchased at an average price of $74.79 per share, for a total transaction of $210,833.01. Following the transaction, the insider now directly owns 207,155 shares of the company’s stock, valued at approximately $15,493,122.45. The trade was a 1.38 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded CVR Partners from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 21st.

CVR Partners Stock Down 5.6 %

The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 11.41 and a beta of 0.89. The company has a current ratio of 2.10, a quick ratio of 1.44 and a debt-to-equity ratio of 1.94. The firm’s 50 day simple moving average is $77.11 and its 200-day simple moving average is $74.84.

CVR Partners (NYSE:UAN) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.73 earnings per share (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 firm also recently declared a quarterly dividend, which was paid on Monday, March 10th. Investors of record on Monday, March 3rd were paid a $1.75 dividend. The ex-dividend date was Monday, March 3rd. This is an increase from CVR Partners’s previous quarterly dividend of $1.19. This represents a $7.00 dividend on an annualized basis and a dividend yield of 10.66%. CVR Partners’s payout ratio is 121.53%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Icahn Carl C boosted its position in shares of CVR Partners by 4.5% during the 4th 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 stake in shares of CVR Partners in the fourth quarter valued at about $1,823,000. Bank of America Corp DE boosted its holdings in CVR Partners by 13.4% during the fourth 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 in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in CVR Partners during the fourth quarter worth about $480,000. Finally, Apollon Wealth Management LLC increased its holdings in CVR Partners by 18.4% in the fourth quarter. Apollon Wealth Management LLC now owns 4,295 shares of the basic materials company’s stock valued at $326,000 after buying an additional 667 shares in 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.