Buy Covanta Stock Like Its CEO

Here's a long-term dividend history chart for CVA to help you assess the stock

A company’s own top management tend to have the best inside view into the business. So, when company officers make major buys, investors are wise to take notice.

covanta cva 185Presumably the only reason insiders would take their hard-earned cash and use it to buy stocks of their companies in the open market, is that they expect to make money.

Maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both.

So, in this series we look at the largest insider buys by the ”top brass” over the trailing six-month period, one of which was a total of $1.1 million by Stephen J. Jones, CEO at Covanta Holding Corp (NYSE:CVA).

CEO Stephen J. Jones Bets on CVA

Purchased Insider Title Shares Price/Share Value
03/13/2015 Stephen J. Jones President and CEO 50,000 $21.15 $1,057,300.00

Jones’s average cost works out to $21.15 per share. Shares of Covanta were changing hands at $21.54 at last check.

The chart below shows the one-year performance of CVA stock versus its 200-day moving average:

Covanta Holding Corp Chart

Looking at the chart above, CVA’s low point in its 52-week range is $16.42 per share, with $25.35 as the 52-week high point — that compares with a last trade of $21.54.

The current annualized dividend paid by Covanta is $1 per share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of Mar. 27.

Below is a long-term dividend history chart for CVA, which can be of good help in judging whether the most recent dividend with approximately 4.7% annualized yield is likely to continue.


According to the ETF Finder at ETF Channel, CVA makes up 4.4% of the iShares Global Clean Energy ETF (NASDAQ:ICLN).

START SLIDESHOW: Click here to find out which other top insider buys by the ”top brass” you need to know about.

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