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Covanta Holding Corp (NYSE:CVA) Director William Pate unloaded 3,867 shares of the company’s stock on the open market in a transaction that occurred on Thursday, August 21st. The stock was sold at an average price of $20.90, for a total transaction of $80,820.30. Following the completion of the transaction, the director now directly owns 395,782 shares of the company’s stock, valued at approximately $8,271,844. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

A number of research firms have recently commented on CVA. 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, July 25th. 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, July 24th. 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, July 24th. Six investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Covanta Holding Corp presently has an average rating of “Buy” and a consensus target price of $22.88.

Shares of Covanta Holding Corp (NYSE:CVA) traded down 0.05% during mid-day trading on Friday, hitting $20.89. The stock had a trading volume of 476,498 shares. Covanta Holding Corp has a 52-week low of $16.42 and a 52-week high of $21.89. The stock has a 50-day moving average of $20.57 and a 200-day moving average of $18.99. The company has a market cap of $2.716 billion and a price-to-earnings ratio of 56.79.

Covanta Holding Corp (NYSE:CVA) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.06 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 5.1% on a year-over-year basis. On average, analysts predict that Covanta Holding Corp will post $0.44 earnings per share for the current fiscal year.

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

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