Quantbot Technologies LP bought a new stake in Covanta Holding Corporation (NYSE:CVA) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 8,164 shares of the energy company’s stock, valued at approximately $107,000.

Several other institutional investors and hedge funds have also modified their holdings of CVA. BlackRock Inc. increased its holdings in shares of Covanta Holding Corporation by 17,486.2% during the first quarter. BlackRock Inc. now owns 5,904,931 shares of the energy company’s stock valued at $92,706,000 after purchasing an additional 5,871,354 shares during the period. Thompson Siegel & Walmsley LLC increased its holdings in shares of Covanta Holding Corporation by 41.7% during the second quarter. Thompson Siegel & Walmsley LLC now owns 3,179,991 shares of the energy company’s stock valued at $41,976,000 after purchasing an additional 936,309 shares during the period. Wells Fargo & Company MN increased its holdings in shares of Covanta Holding Corporation by 112.9% during the second quarter. Wells Fargo & Company MN now owns 1,206,528 shares of the energy company’s stock valued at $15,927,000 after purchasing an additional 639,789 shares during the period. Neuberger Berman Group LLC increased its holdings in shares of Covanta Holding Corporation by 11.9% during the second quarter. Neuberger Berman Group LLC now owns 5,817,457 shares of the energy company’s stock valued at $76,790,000 after purchasing an additional 616,425 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of Covanta Holding Corporation by 125.4% during the first quarter. Bank of America Corp DE now owns 1,017,315 shares of the energy company’s stock valued at $15,971,000 after purchasing an additional 565,920 shares during the period. 96.22% of the stock is currently owned by institutional investors.

CVA has been the topic of a number of research analyst reports. BidaskClub raised Covanta Holding Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, June 14th. BMO Capital Markets initiated coverage on Covanta Holding Corporation in a report on Thursday, June 29th. They set a “market perform” rating and a $16.00 price target on the stock. Barclays PLC raised Covanta Holding Corporation from an “equal weight” rating to an “overweight” rating and lowered their price target for the company from $16.00 to $15.00 in a report on Wednesday, July 12th. Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Covanta Holding Corporation in a report on Monday, July 17th. Finally, Stifel Nicolaus raised Covanta Holding Corporation from a “hold” rating to a “buy” rating and raised their price target for the company from $15.50 to $17.00 in a report on Monday, July 31st. Three analysts have rated the stock with a sell rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $17.07.

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Covanta Holding Corporation (NYSE:CVA) opened at 15.05 on Monday. Covanta Holding Corporation has a one year low of $13.00 and a one year high of $16.50. The stock’s 50 day moving average price is $14.44 and its 200-day moving average price is $14.40. The firm’s market capitalization is $1.96 billion.

Covanta Holding Corporation (NYSE:CVA) last posted its quarterly earnings data on Thursday, July 27th. The energy company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.18) by ($0.04). The business had revenue of $424.00 million during the quarter, compared to analyst estimates of $416.18 million. Covanta Holding Corporation had a negative return on equity of 9.81% and a negative net margin of 1.41%. Covanta Holding Corporation’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.22) EPS. On average, equities research analysts anticipate that Covanta Holding Corporation will post ($0.22) earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 6th. Stockholders of record on Thursday, September 28th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 6.64%. The ex-dividend date of this dividend was Wednesday, September 27th. Covanta Holding Corporation’s dividend payout ratio (DPR) is presently -526.29%.

Covanta Holding Corporation Company Profile

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. The Company 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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Institutional Ownership by Quarter for Covanta Holding Corporation (NYSE:CVA)

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