Covanta Holding Corp (NYSE:CVA) Director Linda J. Fisher sold 12,000 shares of Covanta stock in a transaction on Friday, September 6th. The shares were sold at an average price of $17.14, for a total value of $205,680.00. Following the sale, the director now directly owns 34,736 shares in the company, valued at approximately $595,375.04. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Covanta stock traded up $0.01 on Friday, reaching $17.20. 16,264 shares of the company were exchanged, compared to its average volume of 499,177. The stock has a fifty day moving average price of $16.94 and a 200-day moving average price of $17.33. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of -172.00, a price-to-earnings-growth ratio of 21.48 and a beta of 1.31. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 6.19. Covanta Holding Corp has a fifty-two week low of $12.92 and a fifty-two week high of $18.38.

Covanta (NYSE:CVA) last announced its earnings results on Thursday, July 25th. The energy company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.07). The company had revenue of $467.00 million for the quarter, compared to analyst estimates of $467.05 million. Covanta had a negative return on equity of 3.22% and a negative net margin of 1.81%. The firm’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same period last year, the firm earned ($0.01) earnings per share. On average, equities analysts anticipate that Covanta Holding Corp will post 0.05 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC grew its holdings in shares of Covanta by 31.5% during the second quarter. Renaissance Technologies LLC now owns 1,351,016 shares of the energy company’s stock valued at $24,197,000 after buying an additional 323,416 shares in the last quarter. Tortoise Capital Advisors L.L.C. grew its holdings in shares of Covanta by 15,804.6% during the second quarter. Tortoise Capital Advisors L.L.C. now owns 318,092 shares of the energy company’s stock valued at $5,697,000 after buying an additional 316,092 shares in the last quarter. Keeley Teton Advisors LLC grew its holdings in shares of Covanta by 242.8% during the second quarter. Keeley Teton Advisors LLC now owns 409,512 shares of the energy company’s stock valued at $7,334,000 after buying an additional 290,050 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Covanta by 2.5% during the second quarter. Vanguard Group Inc. now owns 11,325,851 shares of the energy company’s stock valued at $202,846,000 after buying an additional 272,574 shares in the last quarter. Finally, Neuberger Berman Group LLC grew its holdings in shares of Covanta by 6.8% during the first quarter. Neuberger Berman Group LLC now owns 3,234,397 shares of the energy company’s stock valued at $55,987,000 after buying an additional 206,568 shares in the last quarter. 78.45% of the stock is currently owned by institutional investors.

Separately, Zacks Investment Research raised Covanta from a “strong sell” rating to a “hold” rating and set a $14.00 target price on the stock in a research note on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.00.

About Covanta

Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and Canada. It owns and operates infrastructure for the conversion of waste to energy, as well as engages in related waste transport and disposal, and other renewable energy production businesses.

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