Industrial Goods M&A: Covanta Holding (NYSE:CVA) Buys GE (NYSE:GE) Delaware Resource Recovery Facility

  on Dec 07,2012 Posted in Business News ,Featured
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Covanta Holding Corporation (NYSE:CVA) has purchased Delaware Valley Resource Recovery Facility from GE Energy Financial Services, a subsidiary of General Electric Company (GE)in a deal worth at $94 million in cash.

Situated in Chester, Pennsylvania, the Delaware Valley plant is managed by Covanta (CVA). Pre-takeover, the facility was formerly leased from GE EFS. The plant gives sustainable waste management services to Delaware County, PA and surrounding communities and possesses a processing capacity of almost 2,700 tons a day.

In last trading session, Covanta Holding Corporation (NYSE:CVA) reported the loss of -0.63% to close at $18.80 and its overall traded volume was 615,499.00 shares, less than the average volume of 677,677.00.

CVA has earnings per share of $0.45with the net profit margin of 3.16% and operating margin of 13.26%.

General Electric Company (NYSE:GE) surged +0.66% and closed at $21.37 in last trading session. The overall traded volume was 32.75 million shares. Stock’s 52 weeks high price was $23.18 and 52 weeks low price was $16.25.

In its share capital GE has 10.49 billion outstanding shares while 10.48 billion shares have been floated in market. Company’s current year earnings per share grew with 7.36% while the five years EPS growth rate was -8.01%.

Lockheed Martin Corp. (NYSE:LMT) is near to get Pentagon support to create all 29 F-35 fighters intended for the coming fiscal year following three years of reductions in orders for the nation’s dearest weapon, according to US officials.

Lockheed Martin Corporation (NYSE:LMT) moved down -0.05% with the closing price of $91.48. The overall volume in the last trading session was 1.68 million shares. Its fifty two week range was $76.02-$95.92. The total market capitalization remained $29.60 billion.

LMT is ahead of its 52 week low with 26.07% and its last month’s price volatility remained 1.78%. Its beta coefficient was 0.94 with a target price of $92.43. LMT has institutional ownership remained 87.78%. Company’s current year earnings per share grew with 10.55% while the five years EPS growth rate was +6.25%.

PulteGroup, Inc. (NYSE:PHM) has now dropped about -11.04% from its record high price level, and has advanced by 158.00% for this year. It closed at $16.28, trading 35.55% above its 200 day moving average and -2.04% below its 20 day moving average. Latest close brings its distance from its 52-week low at +193.86%. The stock has a PE ratio of 38.76 and their market value is $6.29 billion.

As of latest close, Smith & Wesson Holding Corporation (NASDAQ:SWHC) shares are up about 148.85% for 2012 and recently topped out a 52-week high of $11.24 (Oct 01, 2012). Since then, it has retreated 3.47% but stands 265.32% above 52-week low. The shares advanced above the 200-Day SMA ($9.11) and are now sitting 7.21% above 50-day SMA. The performance measured for the month was +14.69% and weekly performance appeared at +1.21%.




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