AXQ Capital LP Takes Position in Corteva, Inc. $CTVA

AXQ Capital LP acquired a new position in Corteva, Inc. (NYSE:CTVA) during the third quarter, Holdings Channel.com reports. The firm acquired 13,262 shares of the company’s stock, valued at approximately $897,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Chilton Capital Management LLC boosted its position in Corteva by 18.1% in the 3rd quarter. Chilton Capital Management LLC now owns 445,350 shares of the company’s stock worth $30,119,000 after purchasing an additional 68,380 shares in the last quarter. TriaGen Wealth Management LLC acquired a new position in shares of Corteva in the 3rd quarter valued at $4,284,000. Truist Financial Corp lifted its stake in shares of Corteva by 4.5% in the 3rd quarter. Truist Financial Corp now owns 321,913 shares of the company’s stock valued at $21,771,000 after purchasing an additional 13,910 shares during the period. New York State Teachers Retirement System boosted its holdings in Corteva by 4.5% during the third quarter. New York State Teachers Retirement System now owns 551,389 shares of the company’s stock worth $37,290,000 after buying an additional 23,548 shares in the last quarter. Finally, Nordea Investment Management AB grew its position in Corteva by 27.4% during the third quarter. Nordea Investment Management AB now owns 75,675 shares of the company’s stock valued at $5,103,000 after buying an additional 16,261 shares during the period. 81.54% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on CTVA shares. The Goldman Sachs Group reiterated a “buy” rating and issued a $88.00 price objective on shares of Corteva in a research report on Thursday, February 5th. Wall Street Zen cut Corteva from a “buy” rating to a “hold” rating in a report on Saturday, February 7th. UBS Group lowered Corteva from a “buy” rating to a “hold” rating in a report on Monday, February 9th. Wolfe Research boosted their price objective on Corteva from $81.00 to $86.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Finally, Royal Bank Of Canada upped their target price on Corteva from $80.00 to $89.00 and gave the stock an “outperform” rating in a research note on Thursday, February 5th. Two analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $82.30.

Corteva Trading Up 0.1%

Shares of CTVA opened at $76.42 on Tuesday. The firm’s fifty day moving average is $70.93 and its two-hundred day moving average is $68.60. The stock has a market cap of $51.39 billion, a PE ratio of 48.37, a price-to-earnings-growth ratio of 2.60 and a beta of 0.75. The company has a quick ratio of 0.96, a current ratio of 1.43 and a debt-to-equity ratio of 0.07. Corteva, Inc. has a 52-week low of $53.40 and a 52-week high of $77.41.

Corteva (NYSE:CTVA) last posted its quarterly earnings results on Tuesday, February 3rd. The company reported $0.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.22. Corteva had a net margin of 6.29% and a return on equity of 9.06%. The firm had revenue of $3.91 billion for the quarter, compared to analyst estimates of $4.23 billion. During the same period in the previous year, the business posted $0.32 earnings per share. Corteva’s quarterly revenue was down 1.7% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. Research analysts forecast that Corteva, Inc. will post 2.96 earnings per share for the current fiscal year.

Corteva Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 16th. Shareholders of record on Monday, March 2nd will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 0.9%. The ex-dividend date is Monday, March 2nd. Corteva’s payout ratio is presently 45.57%.

Corteva Profile

Corteva, Inc (NYSE: CTVA) is an independent global agriculture company that was established as a publicly traded firm in mid‑2019 following the separation of the agriculture businesses from DowDuPont. The company focuses on delivering technologies and products that help farmers increase productivity and manage crop health. Corteva’s operations combine seed genetics, crop protection chemistries, digital tools and biological solutions to address the full cycle of crop production.

Core business activities include research and development of seed genetics and trait technologies, formulation and sale of crop protection products (such as herbicides, insecticides and fungicides), and the development of seed treatments and biologicals.