Covanta Holding Corp (CVA) : Capital Management Associates Ny scooped up 9,200 additional shares in Covanta Holding Corp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 63,025 shares of Covanta Holding Corp which is valued at $1,038,022.Covanta Holding Corp makes up approximately 1.84% of Capital Management Associates Ny’s portfolio.
Covanta Holding Corp opened for trading at $16.3 and hit $16.54 on the upside on Friday, eventually ending the session at $16.47, with a gain of 0.98% or 0.16 points. The heightened volatility saw the trading volume jump to 8,48,577 shares. Company has a market cap of $2,151 M.
Other Hedge Funds, Including , Wellington Shields Capital Management boosted its stake in CVA in the latest quarter, The investment management firm added 10,900 additional shares and now holds a total of 71,850 shares of Covanta Holding Corp which is valued at $1,183,370. Covanta Holding Corp makes up approx 0.20% of Wellington Shields Capital Management’s portfolio.Nordea Investment Management Ab boosted its stake in CVA in the latest quarter, The investment management firm added 9,100 additional shares and now holds a total of 137,200 shares of Covanta Holding Corp which is valued at $2,230,872. Covanta Holding Corp makes up approx 0.01% of Nordea Investment Management Ab’s portfolio. Quadrant Capital Group sold out all of its stake in CVA during the most recent quarter. The investment firm sold 44 shares of CVA which is valued $715.Glenmede Trust Co Na reduced its stake in CVA by selling 1,840 shares or 16.96% in the most recent quarter. The Hedge Fund company now holds 9,011 shares of CVA which is valued at $146,519.Buckhead Capital Management boosted its stake in CVA in the latest quarter, The investment management firm added 15,550 additional shares and now holds a total of 241,972 shares of Covanta Holding Corp which is valued at $3,934,465. Covanta Holding Corp makes up approx 0.72% of Buckhead Capital Management’s portfolio.
On the company’s financial health, Covanta Holding Corp reported $-0.19 EPS for the quarter, missing the analyst consensus estimate by $ -0.10 based on the information available during the earnings call on Apr 26, 2016. Analyst had a consensus of $-0.09. The company had revenue of $403.00 million for the quarter, compared to analysts expectations of $399.56 million. The company’s revenue was up 5.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.13 EPS.
Many Wall Street Analysts have commented on Covanta Holding Corp. Robert W. Baird Downgraded Covanta Holding Corp on Apr 29, 2016 to ” Neutral”, Price Target of the shares are set at $17.Company shares were Reiterated by Imperial Capital on Apr 28, 2016 to “Outperform”, Firm has raised the Price Target to $ 18.50 from a previous price target of $17 .Company shares were Reiterated by Stifel on Mar 18, 2016 to “Buy”, Firm has raised the Price Target to $ 18.50 from a previous price target of $16.50 .
Covanta Holding Corporation is a holding company. Through its subsidiaries the Company owns and operates infrastructure for the conversion of waste to energy as well as other waste disposal and renewable energy production businesses. Energy-from-waste (EfW) serves two markets as both a sustainable waste management solution and as a source of clean energy. The Company operate and/or have ownership positions in 46 EfW facilities which are primarily located in North America and 11 additional energy generation facilities including other renewable energy production facilities in North America (wood biomass and hydroelectric). In total these assets produce approximately 10 million megawatt hours (MWh) of baseload electricity. The Company also operates a waste management infrastructure including 18 transfer stations. The Company also operates and in some cases has ownership interests in transfer stations and landfills.