Shares of Covanta Holding Corp. (NYSE:CVA) fell 2.8% during mid-day trading on Thursday . The stock traded as low as $15.31 and last traded at $15.34, with a volume of 640,837 shares trading hands. The stock had previously closed at $15.78.

Several research firms have issued reports on CVA. Zacks Investment Research lowered shares of Covanta Holding Corp. from a “buy” rating to a “hold” rating in a research report on Monday, April 25th. Imperial Capital cut their price target on shares of Covanta Holding Corp. from $18.50 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, July 28th. Finally, Robert W. Baird lowered shares of Covanta Holding Corp. from an “outperform” rating to a “neutral” rating and set a $17.00 price target for the company. in a research report on Friday, April 29th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $18.09.

The company has a market capitalization of $1.97 billion and a P/E ratio of 44.23. The stock has a 50-day moving average price of $16.46 and a 200-day moving average price of $15.85.

Covanta Holding Corp. (NYSE:CVA) last announced its quarterly earnings results on Tuesday, July 26th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by $0.17. The business had revenue of $418 million for the quarter, compared to the consensus estimate of $410.38 million. During the same quarter in the prior year, the company posted ($0.06) EPS. The business’s revenue was up 2.5% compared to the same quarter last year. On average, analysts anticipate that Covanta Holding Corp. will post ($0.09) EPS for the current year.

In other Covanta Holding Corp. news, Director Ronald J. Broglio sold 4,500 shares of Covanta Holding Corp. stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $15.78, for a total value of $71,010.00. Following the sale, the director now directly owns 4,529 shares in the company, valued at approximately $71,467.62. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

A number of hedge funds recently made changes to their positions in the stock. GSA Capital Partners LLP increased its stake in shares of Covanta Holding Corp. by 71.7% in the fourth quarter. GSA Capital Partners LLP now owns 68,679 shares of the company’s stock worth $1,064,000 after buying an additional 28,673 shares in the last quarter. First Trust Advisors LP increased its stake in Covanta Holding Corp. by 97.4% in the fourth quarter. First Trust Advisors LP now owns 144,493 shares of the company’s stock worth $2,238,000 after buying an additional 71,312 shares during the period. Suntrust Banks Inc. increased its stake in Covanta Holding Corp. by 20.2% in the fourth quarter. Suntrust Banks Inc. now owns 220,188 shares of the company’s stock worth $3,410,000 after buying an additional 37,044 shares during the period. California Public Employees Retirement System increased its stake in Covanta Holding Corp. by 2.2% in the fourth quarter. California Public Employees Retirement System now owns 433,100 shares of the company’s stock worth $6,709,000 after buying an additional 9,300 shares during the period. Finally, Bank of Montreal Can increased its stake in Covanta Holding Corp. by 2.0% in the fourth quarter. Bank of Montreal Can now owns 711,242 shares of the company’s stock worth $11,017,000 after buying an additional 14,024 shares during the period.

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. It operates through North America segment, which consists of waste and energy services operations located primarily in the United States and Canada.

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