Covanta Holding Corporation (NYSE:CVA) insider Paul E. Stauder sold 1,500 shares of the firm’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $14.45, for a total transaction of $21,675.00. Following the transaction, the insider now directly owns 29,139 shares of the company’s stock, valued at approximately $421,058.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Covanta Holding Corporation (CVA) traded down 0.69% during mid-day trading on Wednesday, reaching $14.40. 921,777 shares of the company traded hands. The firm’s market capitalization is $1.87 billion. Covanta Holding Corporation has a 52 week low of $13.00 and a 52 week high of $16.50. The stock’s 50 day moving average price is $13.76 and its 200 day moving average price is $14.83.

Covanta Holding Corporation (NYSE:CVA) last announced its quarterly earnings data on Thursday, July 27th. The energy company reported ($0.22) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.18) by $0.04. The firm had revenue of $424 million for the quarter, compared to analysts’ expectations of $416.18 million. Covanta Holding Corporation had a negative return on equity of 9.81% and a negative net margin of 1.41%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.22) EPS. Equities analysts forecast that Covanta Holding Corporation will post ($0.23) EPS for the current year.

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Several research analysts recently issued reports on CVA shares. Zacks Investment Research cut shares of Covanta Holding Corporation from a “hold” rating to a “strong sell” rating in a report on Tuesday, June 27th. BidaskClub cut shares of Covanta Holding Corporation from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. BMO Capital Markets started coverage on shares of Covanta Holding Corporation in a report on Thursday, June 29th. They set a “market perform” rating and a $16.00 target price for the company. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Covanta Holding Corporation in a report on Monday, July 17th. Finally, Robert W. Baird raised shares of Covanta Holding Corporation from a “neutral” rating to an “outperform” rating and set a $17.00 target price for the company in a report on Monday, May 15th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $17.28.

A number of institutional investors have recently made changes to their positions in CVA. BlackRock Inc. increased its position in shares of Covanta Holding Corporation by 17,486.2% in the first quarter. BlackRock Inc. now owns 5,904,931 shares of the energy company’s stock worth $92,706,000 after buying an additional 5,871,354 shares during the last quarter. RidgeWorth Capital Management LLC increased its position in shares of Covanta Holding Corporation by 42.9% in the first quarter. RidgeWorth Capital Management LLC now owns 4,087,721 shares of the energy company’s stock worth $65,195,000 after buying an additional 1,226,577 shares during the last quarter. Thompson Siegel & Walmsley LLC increased its position in shares of Covanta Holding Corporation by 41.7% in the second quarter. Thompson Siegel & Walmsley LLC now owns 3,179,991 shares of the energy company’s stock worth $41,976,000 after buying an additional 936,309 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Covanta Holding Corporation by 11.9% in the second quarter. Neuberger Berman Group LLC now owns 5,817,457 shares of the energy company’s stock worth $76,790,000 after buying an additional 616,425 shares during the last quarter. Finally, Bank of America Corp DE increased its position in shares of Covanta Holding Corporation by 125.4% in the first quarter. Bank of America Corp DE now owns 1,017,315 shares of the energy company’s stock worth $15,971,000 after buying an additional 565,920 shares during the last quarter. Institutional investors own 90.04% of the company’s stock.

About Covanta Holding Corporation

Covanta Holding Corporation is a holding company. The Company, through its subsidiaries, owns and operates infrastructure for the conversion of waste to energy, as well as other waste disposal and renewable energy production businesses. The Company operates through North America segment, which consists of waste and energy services operations located primarily in the United States and Canada.

Insider Buying and Selling by Quarter for Covanta Holding Corporation (NYSE:CVA)

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