CVR Partners (NYSE:UAN) Trading Up 5.6% – Time to Buy?

CVR Partners, LP (NYSE:UAN) was up 5.6% on Monday . The stock traded as high as $80.25 and last traded at $79.30. Approximately 74,613 shares were traded during trading, an increase of 85% from the average daily volume of 40,296 shares. The stock had previously closed at $75.07.

Analyst Upgrades and Downgrades

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

CVR Partners Trading Up 4.0 %

The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 16.70 and a beta of 1.36. The company has a 50-day moving average price of $74.89 and a 200-day moving average price of $72.84. 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 declared a quarterly dividend, which was paid on Monday, November 18th. Stockholders of record on Friday, November 8th were given a $1.19 dividend. This represents a $4.76 annualized dividend and a dividend yield of 5.73%. The ex-dividend date of this dividend was Friday, November 8th. CVR Partners’s dividend payout ratio is currently 95.77%.

Insider Activity

In other news, major shareholder Carl C. Icahn bought 23,910 shares of the firm’s stock in a transaction that occurred on Friday, November 8th. The shares were acquired at an average cost 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 in the company, valued at $3,819,755.52. This represents a 75.56 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have acquired 88,647 shares of company stock valued at $6,329,766.

Institutional Investors Weigh In On CVR Partners

Institutional investors have recently added to or reduced their stakes in the company. De Lisle Partners LLP grew its position in CVR Partners by 18.1% during the third quarter. De Lisle Partners LLP now owns 45,717 shares of the basic materials company’s stock worth $3,071,000 after buying an additional 7,000 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in CVR Partners during the third quarter worth about $293,000. Founders Financial Alliance LLC grew its position in CVR Partners by 9.0% during the second quarter. Founders Financial Alliance LLC now owns 16,898 shares of the basic materials company’s stock worth $1,279,000 after buying an additional 1,400 shares in the last quarter. McIlrath & Eck LLC bought a new position in CVR Partners during the third quarter worth about $51,000. Finally, Oxbow Advisors LLC lifted its stake in CVR Partners by 10.5% during the third quarter. Oxbow Advisors LLC now owns 3,100 shares of the basic materials company’s stock worth $208,000 after purchasing an additional 295 shares during the period. 43.83% of the stock is owned by institutional investors and hedge funds.

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.