CVR Partners (NYSE:UAN) Sees Strong Trading Volume – Time to Buy?

Shares of CVR Partners, LP (NYSE:UAN) saw unusually-strong trading volume on Tuesday . Approximately 25,173 shares changed hands during mid-day trading, a decline of 20% from the previous session’s volume of 31,322 shares.The stock last traded at $97.60 and had previously closed at $97.44.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of CVR Partners in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy”.

CVR Partners Price Performance

The company has a debt-to-equity ratio of 1.80, a current ratio of 3.45 and a quick ratio of 2.40. The firm has a market capitalization of $1.66 billion, a P/E ratio of 8.06 and a beta of 1.03. The company’s 50 day moving average price is $93.95 and its 200 day moving average price is $90.01.

CVR Partners (NYSE:UAN) last announced its quarterly earnings data on Wednesday, October 29th. The basic materials company reported $4.08 earnings per share for the quarter. CVR Partners had a return on equity of 41.88% and a net margin of 20.70%.The firm had revenue of $163.55 million during the quarter.

CVR Partners Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, November 17th. Shareholders of record on Monday, November 10th were paid a $4.02 dividend. This represents a $16.08 annualized dividend and a yield of 16.6%. The ex-dividend date was Monday, November 10th. This is a positive change from CVR Partners’s previous quarterly dividend of $3.89. CVR Partners’s dividend payout ratio (DPR) is presently 133.55%.

Institutional Investors Weigh In On CVR Partners

Several hedge funds have recently bought and sold shares of UAN. Advisors Asset Management Inc. bought a new position in shares of CVR Partners during the first quarter worth approximately $266,000. SP Asset Management LLC bought a new stake in CVR Partners in the 2nd quarter valued at $558,000. De Lisle Partners LLP grew its holdings in CVR Partners by 10.8% in the 1st quarter. De Lisle Partners LLP now owns 50,633 shares of the basic materials company’s stock valued at $3,805,000 after buying an additional 4,916 shares in the last quarter. Apollon Wealth Management LLC increased its position in CVR Partners by 17.4% during the 2nd quarter. Apollon Wealth Management LLC now owns 7,380 shares of the basic materials company’s stock worth $656,000 after buying an additional 1,094 shares during the period. Finally, PEAK6 LLC acquired a new stake in shares of CVR Partners during the first quarter worth $573,000. 43.83% of the stock is currently 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.