Covanta Holding Corp (NYSE:CVA) insider Paul E. Stauder sold 2,500 shares of the stock in a transaction on Wednesday, May 24th. The shares were sold at an average price of $14.50, for a total transaction of $36,250.00. Following the transaction, the insider now directly owns 30,639 shares in the company, valued at approximately $444,265.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Covanta Holding Corp (NYSE:CVA) traded up 0.34% during midday trading on Thursday, hitting $14.65. 881,286 shares of the stock traded hands. The company’s market cap is $1.89 billion. The firm’s 50-day moving average is $14.73 and its 200-day moving average is $15.23. Covanta Holding Corp has a 52-week low of $13.45 and a 52-week high of $17.16.

Covanta Holding Corp (NYSE:CVA) last posted its quarterly earnings results on Tuesday, April 25th. The energy company reported ($0.37) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.21) by $0.16. The company had revenue of $404 million during the quarter, compared to the consensus estimate of $399.69 million. Covanta Holding Corp had a negative return on equity of 4.97% and a net margin of 3.88%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.19) earnings per share. Analysts predict that Covanta Holding Corp will post ($0.11) EPS for the current year.

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

The business also recently declared a quarterly dividend, which will be paid on Friday, July 7th. Stockholders of record on Thursday, June 29th will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date of this dividend is Tuesday, June 27th. Covanta Holding Corp’s payout ratio is presently 208.34%.

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Several hedge funds and other institutional investors have recently bought and sold shares of CVA. Stephens Inc. AR boosted its position in shares of Covanta Holding Corp by 4.0% in the third quarter. Stephens Inc. AR now owns 11,541 shares of the energy company’s stock valued at $178,000 after buying an additional 444 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Covanta Holding Corp by 15.2% in the first quarter. PNC Financial Services Group Inc. now owns 11,380 shares of the energy company’s stock valued at $178,000 after buying an additional 1,500 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in shares of Covanta Holding Corp during the fourth quarter valued at about $187,000. Menta Capital LLC acquired a new position in shares of Covanta Holding Corp during the fourth quarter valued at about $190,000. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Covanta Holding Corp during the first quarter valued at about $197,000. Hedge funds and other institutional investors own 81.57% of the company’s stock.

A number of equities research analysts have issued reports on CVA shares. Goldman Sachs Group Inc started coverage on shares of Covanta Holding Corp in a report on Friday, March 3rd. They issued a “sell” rating and a $12.50 price target on the stock. Wedbush reissued an “outperform” rating and issued a $21.00 price target on shares of Covanta Holding Corp in a report on Tuesday, March 14th. Zacks Investment Research raised shares of Covanta Holding Corp from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a report on Monday, February 20th. Oppenheimer Holdings Inc. reissued a “buy” rating on shares of Covanta Holding Corp in a report on Friday, February 3rd. Finally, Robert W. Baird raised shares of Covanta Holding Corp from a “neutral” rating to an “outperform” rating and set a $17.00 price target on the stock in a report on Monday, May 15th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $17.44.

About Covanta Holding Corp

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.

12 Month Chart for NYSE:CVA

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