William Pate - Covanta Holding Independent Director
Director
Mr. William C. Pate has resigned as Independent Director of the Company. effective May 2016. He was our Chairman of the Board from October 2004 through September 2005. Mr. Pate is CoPresident of EGI Division a private investment firm. Mr. Pate was employed by EGI Division or its predecessors in various capacities since 1994. Mr. Pate is also a director of Par Petroleum Corporation a diversified energy company . Until April 2013 Mr. Pate served as a director of Exterran Holdings Inc. a global market leader in natural gas production and processing services since 2005.
| Age | 51 |
| Tenure | 19 years |
| Phone | 862 345-5000 |
| Web | www.covanta.com |
Covanta Holding Management Efficiency
The company has Return on Asset of 2.03 % which means that on every $100 spent on assets, it made $2.03 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 9.86 %, implying that it generated $9.86 on every 100 dollars invested. Covanta Holding's management efficiency ratios could be used to measure how well Covanta Holding manages its routine affairs as well as how well it operates its assets and liabilities.The company has 2.53 B in debt. Covanta Holding has a current ratio of 0.87, suggesting that it has not enough short term capital to pay financial commitments when the payables are due. Debt can assist Covanta Holding until it has trouble settling it off, either with new capital or with free cash flow. So, Covanta Holding's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Covanta Holding sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Covanta to invest in growth at high rates of return. When we think about Covanta Holding's use of debt, we should always consider it together with cash and equity.
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Management Performance
| Return On Equity | 9.86 | |||
| Return On Asset | 2.03 |
Covanta Holding Leadership Team
Elected by the shareholders, the Covanta Holding's board of directors comprises two types of representatives: Covanta Holding inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Covanta. The board's role is to monitor Covanta Holding's management team and ensure that shareholders' interests are well served. Covanta Holding's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Covanta Holding's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Owen Michaelson, Independent Director | ||
| Michael Wright, Chief Human Resource Officer, Senior Vice President | ||
| Linda Fisher, Independent Director | ||
| Anthony Orlando, CEO and President Director and Member of Public Policy and Technology Committee | ||
| Michael Ranger, President, Chief Executive Officer, Director | ||
| Bradford Helgeson, Chief Financial Officer, Executive Vice President | ||
| Jean Smith, Independent Director | ||
| Ginny Angilello, Chief Human Resource Officer, Senior Vice President | ||
| Alan Katz, Vice President - Investor Relations | ||
| Thomas Kenyon, Executive Vice President General Counsel, Company Secretary | ||
| Daniel Mannes, Vice President of Investor Relations | ||
| Stephen Jones, President, Chief Executive Officer, Director | ||
| Ronald Broglio, Independent Director | ||
| Derek Veenhof, Chief Operating Officer, Executive Vice President | ||
| William Pate, Independent Director | ||
| Dan Mannes, IR Contact Officer | ||
| Neil Zieselman, Chief Accounting Officer and VP | ||
| Samuel Zell, Independent Chairman of the Board | ||
| Danielle Pletka, Independent Director | ||
| Matthew Mulcahy, Executive Vice President and Head of Corporate Development | ||
| Michael Castro, Executive Vice President - Supply Chain | ||
| Virginia Angilello, Chief Human Resource Officer, Senior Vice President | ||
| Paul Stauder, Senior Vice President and President, Covanta Environmental Solutions | ||
| Joseph Holsten, Independent Director | ||
| Timothy Simpson, Executive Vice President, Chief Administrative Officer | ||
| Robert Silberman, Lead Independent Director | ||
| Azeez Mohammed, Chief Executive Officer | ||
| David Barse, Independent Director | ||
| Seth Myones, COO and Executive VP | ||
| Manpreet Grewal, Chief Accounting Officer, Vice President | ||
| Joseph Schantz, Chief Accounting Officer, Vice President | ||
| Peter Bynoe, Independent Director |
Covanta Stock Performance Indicators
The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Covanta Holding a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.
| Return On Equity | 9.86 | |||
| Return On Asset | 2.03 | |||
| Profit Margin | 1.23 % | |||
| Operating Margin | 17.16 % | |||
| Current Valuation | 5.16 B | |||
| Shares Outstanding | 132.97 M | |||
| Shares Owned By Insiders | 1.65 % | |||
| Shares Owned By Institutions | 89.97 % | |||
| Number Of Shares Shorted | 5.71 M | |||
| Price To Earning | 532.37 X |
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Covanta Holding in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Covanta Holding's short interest history, or implied volatility extrapolated from Covanta Holding options trading.
Pair Trading with Covanta Holding
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Covanta Holding position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Covanta Holding will appreciate offsetting losses from the drop in the long position's value.The ability to find closely correlated positions to Textron could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Textron when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Textron - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Textron to buy it.
The correlation of Textron is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Textron moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Textron moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Textron can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in real. You can also try the Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.
Other Consideration for investing in Covanta Stock
If you are still planning to invest in Covanta Holding check if it may still be traded through OTC markets such as Pink Sheets or OTC Bulletin Board. You may also purchase it directly from the company, but this is not always possible and may require contacting the company directly. Please note that delisted stocks are often considered to be more risky investments, as they are no longer subject to the same regulatory and reporting requirements as listed stocks. Therefore, it is essential to carefully research the Covanta Holding's history and understand the potential risks before investing.
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