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Covanta Holding Corp (NYSE:CVA) major shareholder Sz Investments Llc unloaded 2,000,000 shares of Covanta Holding Corp stock on the open market in a transaction dated Monday, July 28th. The stock was sold at an average price of $20.44, for a total value of $40,880,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

CVA has been the subject of a number of recent research reports. Analysts at Ardour Capital raised their price target on shares of Covanta Holding Corp from $17.00 to $20.00 in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at Raymond James reiterated a “strong-buy” rating on shares of Covanta Holding Corp in a research note on Thursday. They now have a $25.00 price target on the stock, up previously from $23.00. Finally, analysts at Imperial Capital upgraded shares of Covanta Holding Corp from an “in-line” rating to an “outperform” rating in a research note on Thursday. Six analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Covanta Holding Corp presently has a consensus rating of “Buy” and an average price target of $22.88.

Covanta Holding Corp (NYSE:CVA) traded up 0.10% on Monday, hitting $20.46. The stock had a trading volume of 1,181,019 shares. Covanta Holding Corp has a 52-week low of $16.42 and a 52-week high of $21.89. The stock’s 50-day moving average is $20.39 and its 200-day moving average is $18.63. The company has a market cap of $2.660 billion and a price-to-earnings ratio of 53.79.

Covanta Holding Corp (NYSE:CVA) last released its earnings data on Tuesday, July 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.04. The company had revenue of $432.00 million for the quarter, compared to the consensus estimate of $401.44 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Analysts expect that Covanta Holding Corp will post $0.45 EPS for the current fiscal year.

Covanta Holding Corporation (NYSE:CVA) is a holding company.

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