Covanta Holding Corp (NYSE:CVA) Director Robert Brian Murray sold 40,000 shares of Covanta stock in a transaction on Monday, February 12th. The shares were sold at an average price of $0.27, for a total transaction of $10,800.00.

Covanta Holding Corp (NYSE CVA) traded down $0.03 during midday trading on Wednesday, reaching $15.82. 244,953 shares of the company’s stock were exchanged, compared to its average volume of 743,581. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 8.39. The firm has a market capitalization of $2,030.73, a price-to-earnings ratio of -31.60, a PEG ratio of 14.76 and a beta of 0.65. Covanta Holding Corp has a one year low of $13.00 and a one year high of $17.30.

Institutional investors have recently modified their holdings of the company. Fox Run Management L.L.C. acquired a new position in shares of Covanta during the fourth quarter worth about $178,000. First Allied Advisory Services Inc. acquired a new position in shares of Covanta during the third quarter worth about $161,000. ProShare Advisors LLC acquired a new position in shares of Covanta during the second quarter worth about $147,000. Verition Fund Management LLC increased its stake in shares of Covanta by 9.7% during the second quarter. Verition Fund Management LLC now owns 11,779 shares of the energy company’s stock worth $155,000 after acquiring an additional 1,039 shares during the period. Finally, Cutler Group LP increased its stake in shares of Covanta by 81.3% during the fourth quarter. Cutler Group LP now owns 12,490 shares of the energy company’s stock worth $211,000 after acquiring an additional 5,601 shares during the period. Institutional investors and hedge funds own 95.51% of the company’s stock.

A number of research analysts have commented on the stock. Robert W. Baird restated a “buy” rating and issued a $19.00 price objective on shares of Covanta in a research note on Wednesday, November 1st. BMO Capital Markets lifted their price objective on shares of Covanta from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Monday, October 30th. Goldman Sachs Group upgraded shares of Covanta from a “sell” rating to a “neutral” rating and set a $16.00 price objective on the stock in a research note on Sunday, January 7th. Zacks Investment Research lowered shares of Covanta from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Finally, Oppenheimer restated a “buy” rating and issued a $19.00 price objective on shares of Covanta in a research note on Tuesday, December 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $18.00.

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Covanta Company Profile

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 (NYSE:CVA)

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