During the same period in the prior year, the firm posted ($0.19) EPS. Clearbridge Investments LLC now owns 11,989 shares of the energy company's stock valued at $188,000 after buying an additional 2,528 shares during the period. Huntington National Bank increased its stake in shares of Covanta Holding Corporation by 3.2% in the first quarter.
02/13/2017 - Covanta Holding Corporation was downgraded to "hold" by analysts at Stifel Nicolaus.
Dorsey Wright & Associates increased Petroleo Brasileiro Sa Petrosp (NYSE:PBR) stake by 77,448 shares to 149,977 valued at $1.52M in 2016Q4. Finally, Karp Capital Management Corp purchased a new stake in shares of Covanta Holding Corporation during the first quarter worth about $4,445,000. Hedge funds and other institutional investors own 90.02% of the company's stock.
Covanta Holding Corporation (NYSE CVA) opened at 13.65 on Friday. The stock's market cap is $1.73 billion. FMR bought a new stake in stocks of Covanta Holding Corporation during the Q1 valued roughly $229,000.
The stock's 50 day moving average is 14.26 and its 200 day moving average is 15.16.
As analysts monitor volatile markets in recent weeks they have updated their price targets on shares of Covanta Holding Corporation (NYSE:CVA). About 530,790 shares traded.
03/14/2017 - Covanta Holding Corporation had its "outperform" rating reiterated by analysts at Wedbush. The business had revenue of $404 million for the quarter, compared to analyst estimates of $399.69 million. However a year ago for the same quarter the company has reported $-0.22 EPS. The company's revenue for the quarter was up.2% compared to the same quarter a year ago. Previously Covanta Holding Corp (NYSE:CVA) reported $-0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $-0.21 by $-0.16 with surprise factor of -76.2%.
Froome remains in yellow jersey and on his toes
Strangely enough, Aru didn't seem to get much help from his team and left on an island, Froome would sail past him to retake the lead and the yellow jersey.
Also, the company announced dividend for the quarter, to be paid on early Fri, Jul 7th. Shareholders of record on Thursday, June 29th were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday the 27th of June 2017. This represents a $1.00 dividend on an annualized basis and a yield of 7.46%.
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A number of equities analysts have recently issued reports on CVA shares. The firm has "Outperform" rating by Imperial Capital given on Thursday, February 18.
On November 7 the company was upgraded to "Overweight" from "Equalweight" and a price target of $16.00 was set by Barclays. Oppenheimer maintained Covanta Holding Corp (NYSE:CVA) on Thursday, June 8 with "Buy" rating. As per Thursday, January 19, the company rating was downgraded by Barclays Capital. They now have a United States dollars 21 price target on the stock. On May 15, 2017 the stock rating was rated "Outperform" in a report from Baird which is up from the previous "Neutral" rating.
Among 12 analysts covering 3M (NYSE:MMM), 6 have Buy rating, 2 Sell and 4 Hold. $17.08's average target is 29.39% above currents $13.2 stock price. BidaskClub lowered Covanta Holding Corporation from a "hold" recommendation to a "sell" recommendation in a study on Fri, Jun 23rd. The shares were sold at an average price of $14.33, for a total value of $42,990.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Paul E. Stauder sold 2,500 shares of the stock in a transaction on Wednesday, May 24th. The stock was acquired at an average cost of $14.48 per share, with a total value of $144,800.00. Mitsubishi Ufj Secs Ltd owns 40 shares. The disclosure for this sale can be found here. First Trust Advisors LP now owns 442,867 shares of the energy company's stock worth $6,953,000 after buying an additional 415,464 shares during the last quarter.
And it remains to be seen which target price CVA can achieve without sacrificing much as the company is holding a -18.82% fall for the past twelve months.