Ameriprise Financial Inc. Acquires 4777 Shares of Covanta Holding Corporation (NYSE:CVA)

Rufina Vignone
Luglio 17, 2017

North American Management Corp sold 4,064 shares as 3M Co (MMM)'s stock rose 7.02%. Marshall Wace Ltd Liability Partnership holds 0.06% of its portfolio in NVIDIA Corporation (NASDAQ:NVDA) for 88,398 shares. CNA Financial Corp now owns 554,768 shares of the energy company's stock valued at $8,710,000 after buying an additional 27,768 shares during the period. The stock has 5 year expected PEG ratio of 0 whereas its trailing twelve month P/E ratio is 0. 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. The company's revenue for the quarter was up.2% compared to the same quarter past year. Envestnet Asset Management Inc. now owns 39,282 shares of the energy company's stock worth $613,000 after buying an additional 774 shares in the last quarter. Clearbridge Investments LLC raised its stake in Covanta Holding Corporation by 26.7% in the first quarter.

Brokerages expect that Covanta Holding Corporation (NYSE:CVA) will announce $419.63 million in sales for the current fiscal quarter, according to Zacks. Covanta Holding Corporation has a one year low of $13.00 and a one year high of $17.16. The company's 50-day moving average price is $14.26 and its 200-day moving average price is $15.16.

Covanta Holding Corporation (NYSE:CVA) last announced its earnings results on Tuesday, April 25th. The company had a trading volume of 882,984 shares.

Currently Covanta Holding Corp (NYSE:CVA)'s shares owned by insiders are 0.8%, whereas shares owned by institutional owners are 98.5%.

While considering growth estimates of the company, it has next quarter growth estimates of -5.6% whereas during current quarter it has 36.4% estimations over growth, comparing to the estimations of 33.3% during current year and 280% for next year. However the company reported $-0.22 earnings per share for the same quarter during past year. The company's revenue for the quarter was up.2% compared to the same quarter past year.

The share price of Covanta Holding Corporation (NYSE:CVA) was down -0.38% during the last trading session, with a day high of 13.40. Stockholders of record on Thursday, June 29th were issued a $0.25 dividend. The ex-dividend date was Tuesday, June 27th. Covanta Holding Corporation's yield is -714.23%. If you are reading this piece on another publication, it was stolen and republished in violation of U.S. & worldwide copyright and trademark law. The correct version of this story can be accessed at https://www.thestockobserver.com/2017/07/15/covanta-holding-corporation-nysecva-receives-17-22-consensus-pt-from-analysts.html.

Several equities research analysts have recently weighed in on CVA shares.

COPYRIGHT VIOLATION NOTICE: "Somewhat Positive Media Coverage Somewhat Likely to Impact Covanta Holding Corporation (NYSE:CVA) Stock Price" was originally reported by BBNS and is the sole property of of BBNS. The company was upgraded on Monday, November 7 by Barclays Capital. The stock of Covanta Holding Corp (NYSE:CVA) earned "Equal-Weight" rating by Barclays Capital on Tuesday, August 9. BMO Capital Markets initiated coverage on Covanta Holding Corporation in a report on Thursday, June 29th. The firm has "Outperform" rating given on Thursday, October 29 by Imperial Capital. Finally, Barclays PLC upgraded Covanta Holding Corporation from an "equal weight" rating to an "overweight" rating and decreased their target price for the stock from $16.00 to $15.00 in a research report on Wednesday.

Based on the latest notes released to investors, 3 analysts have issued a rating of "buy", 0 analysts "outperform", 4 analysts "hold", 1 analysts "underperform" and 0 analysts "sell". Oppenheimer maintained the stock with "Buy" rating in Thursday, June 8 report. 3,107 NVIDIA Corporation (NASDAQ:NVDA) shares with value of $434,980 were sold by SEAWELL A BROOKE. The information was declared in a document with the SEC which is available through the Security and Exchange Commission website.

In related news, insider Paul E. Stauder sold 2,500 shares of Covanta Holding Corporation stock in a transaction dated Wednesday, May 24th. The shares were bought at an average cost of $14.56 per share, with a total value of $582,400.00. Following the completion of the purchase, the director now owns 40,000 shares in the company, valued at approximately $582,400.

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