CVR Partners (NYSE:UAN) Sees Large Volume Increase on Insider Buying Activity

Shares of CVR Partners, LP (NYSE:UAN) saw unusually-high trading volume on Monday after an insider bought additional shares in the company. Approximately 57,197 shares were traded 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 company’s stock in a transaction that occurred on Monday, April 7th. The stock was purchased at an average cost of $66.65 per share, with a total value of $404,632.15. Following the purchase, the insider now directly 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 acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder Carl C. Icahn acquired 500 shares of the firm’s stock in a transaction that occurred on Thursday, April 3rd. The stock was acquired 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 approximately $15,572,296.28. This represents a 0.24 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In related news, major shareholder Carl C. Icahn bought 2,819 shares of the stock in a transaction 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 acquisition, the insider now owns 207,155 shares in the company, valued at $15,493,122.45. This 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 through the SEC website.

Wall Street Analysts Forecast Growth

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

CVR Partners Stock Performance

The stock’s 50 day moving average price is $77.11 and its 200 day moving average price is $74.84. The company has a market cap 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.

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

CVR Partners Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 10th. Stockholders of record on Monday, March 3rd were paid a $1.75 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $7.00 dividend on an annualized basis and a dividend yield of 10.66%. This is a positive change from CVR Partners’s previous quarterly dividend of $1.19. CVR Partners’s dividend payout ratio (DPR) is 121.53%.

Hedge Funds Weigh In On CVR Partners

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. McIlrath & Eck LLC acquired a new stake in shares of CVR Partners during the third quarter valued at about $51,000. Chancellor Financial Group WB LP acquired a new position in shares of CVR Partners in the 4th quarter valued at about $209,000. Summit Securities Group LLC boosted its stake in 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 valued at $220,000 after acquiring an additional 1,600 shares during the period. Virtu Financial LLC acquired a new position in CVR Partners during the 4th quarter valued at approximately $226,000. Finally, Stifel Financial Corp bought a new position in shares of CVR Partners during the fourth quarter worth about $227,000. 43.83% of the stock is owned by institutional investors and hedge funds.

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.