Rothschild Investment Corp IL raised its stake in shares of Covanta Holding Corp (NYSE:CVA) by 15.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,950 shares of the energy company’s stock after buying an additional 13,200 shares during the period. Rothschild Investment Corp IL owned 0.08% of Covanta Holding Corp worth $1,585,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of CVA. PNC Financial Services Group Inc. raised its stake in shares of Covanta Holding Corp by 75.9% in the third quarter. PNC Financial Services Group Inc. now owns 10,200 shares of the energy company’s stock valued at $157,000 after buying an additional 4,400 shares during the last quarter. Stephens Inc. AR raised its stake in shares of Covanta Holding Corp by 4.0% in the third quarter. Stephens Inc. AR now owns 11,541 shares of the energy company’s stock valued at $178,000 after buying an additional 444 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Covanta Holding Corp during the fourth quarter valued at approximately $187,000. Menta Capital LLC acquired a new stake in shares of Covanta Holding Corp during the fourth quarter valued at approximately $190,000. Finally, Wellington Shields & Co. LLC raised its stake in shares of Covanta Holding Corp by 0.6% in the third quarter. Wellington Shields & Co. LLC now owns 15,846 shares of the energy company’s stock valued at $244,000 after buying an additional 89 shares during the last quarter. 81.57% of the stock is currently owned by institutional investors.
Covanta Holding Corp (NYSE:CVA) traded down 0.65% during trading on Thursday, hitting $15.35. The stock had a trading volume of 996,025 shares. Covanta Holding Corp has a 12-month low of $13.45 and a 12-month high of $17.22. The stock’s 50 day moving average price is $15.43 and its 200 day moving average price is $15.30. The firm’s market cap is $1.98 billion.
Covanta Holding Corp (NYSE:CVA) last issued its quarterly earnings results on Wednesday, February 15th. The energy company reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by $0.05. Covanta Holding Corp had a negative return on equity of 4.97% and a net margin of 3.88%. The business had revenue of $457 million for the quarter, compared to analysts’ expectations of $425.49 million. On average, analysts anticipate that Covanta Holding Corp will post $0.02 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 6th. Shareholders of record on Thursday, March 30th were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.51%. The ex-dividend date was Tuesday, March 28th. Covanta Holding Corp’s dividend payout ratio is presently 208.34%.
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Several analysts have commented on the company. Stifel Nicolaus lowered Covanta Holding Corp from a “buy” rating to a “hold” rating and set a $16.50 price objective on the stock. in a report on Monday, February 13th. Oppenheimer Holdings Inc. restated a “buy” rating on shares of Covanta Holding Corp in a research report on Friday, February 3rd. Goldman Sachs Group Inc began coverage on Covanta Holding Corp in a research report on Friday, March 3rd. They issued a “sell” rating and a $12.50 target price on the stock. Zacks Investment Research upgraded Covanta Holding Corp from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Monday, February 20th. Finally, Wedbush restated an “outperform” rating and issued a $21.00 target price on shares of Covanta Holding Corp in a research report on Tuesday, March 14th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $17.44.
About Covanta Holding Corp
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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