Aperio Group LLC Has $3.93 Million Stake in Covanta Holding Corporation (CVA)

Aperio Group LLC trimmed its holdings in shares of Covanta Holding Corporation (NYSE:CVA) by 21.1% in the third quarter, according to its most recent filing with the SEC. The firm owned 264,586 shares of the energy company’s stock after selling 70,815 shares during the period. Aperio Group LLC owned approximately 0.20% of Covanta Holding Corporation worth $3,929,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Covanta Holding Corporation by 4.2% during the 2nd quarter. Vanguard Group Inc. now owns 9,848,006 shares of the energy company’s stock worth $129,993,000 after acquiring an additional 395,239 shares during the period. BlackRock Inc. lifted its holdings in shares of Covanta Holding Corporation by 41.6% during the 2nd quarter. BlackRock Inc. now owns 8,360,500 shares of the energy company’s stock worth $110,359,000 after acquiring an additional 2,455,569 shares during the period. Neuberger Berman Group LLC lifted its holdings in shares of Covanta Holding Corporation by 11.9% during the 2nd quarter. Neuberger Berman Group LLC now owns 5,817,457 shares of the energy company’s stock worth $76,790,000 after acquiring an additional 616,425 shares during the period. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Covanta Holding Corporation by 41.7% during the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 3,179,991 shares of the energy company’s stock worth $41,976,000 after acquiring an additional 936,309 shares during the period. Finally, State Street Corp lifted its holdings in shares of Covanta Holding Corporation by 46.7% during the 2nd quarter. State Street Corp now owns 2,510,700 shares of the energy company’s stock worth $33,146,000 after acquiring an additional 799,767 shares during the period. 97.36% of the stock is owned by institutional investors.

A number of equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Covanta Holding Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, November 1st. Robert W. Baird reissued a “buy” rating and set a $19.00 price target on shares of Covanta Holding Corporation in a report on Wednesday, November 1st. BMO Capital Markets lifted their price target on shares of Covanta Holding Corporation from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Monday, October 30th. BidaskClub raised shares of Covanta Holding Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Stifel Nicolaus raised shares of Covanta Holding Corporation from a “hold” rating to a “buy” rating and lifted their price target for the company from $15.50 to $17.00 in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $17.69.

Shares of Covanta Holding Corporation (NYSE CVA) opened at $14.80 on Friday. The company has a debt-to-equity ratio of 8.39, a current ratio of 1.21 and a quick ratio of 1.21. Covanta Holding Corporation has a 1 year low of $13.00 and a 1 year high of $16.50.

Covanta Holding Corporation (NYSE:CVA) last posted its quarterly earnings data on Thursday, October 26th. The energy company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. The firm had revenue of $429.00 million during the quarter, compared to analysts’ expectations of $421.87 million. Covanta Holding Corporation had a negative net margin of 3.68% and a negative return on equity of 12.66%. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 EPS. equities research analysts forecast that Covanta Holding Corporation will post -0.26 EPS for the current fiscal year.

In other Covanta Holding Corporation news, Director John Vincent Hickey sold 90,000 shares of the firm’s stock in a transaction dated Friday, October 20th. The shares were sold at an average price of $0.29, for a total value of $26,100.00. Also, Director Robert Brian Murray sold 150,000 shares of the firm’s stock in a transaction dated Tuesday, August 22nd. The shares were sold at an average price of $0.25, for a total transaction of $37,500.00. Insiders sold a total of 310,000 shares of company stock valued at $83,200 in the last 90 days. Corporate insiders own 11.60% of the company’s stock.

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About Covanta Holding Corporation

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.

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

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