100,773 Shares in Corteva, Inc. (NYSE:CTVA) Acquired by WINTON GROUP Ltd

WINTON GROUP Ltd bought a new stake in Corteva, Inc. (NYSE:CTVA) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 100,773 shares of the company’s stock, valued at approximately $5,740,000.

Several other large investors also recently added to or reduced their stakes in CTVA. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Corteva by 7.5% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,101,692 shares of the company’s stock worth $61,629,000 after acquiring an additional 77,189 shares in the last quarter. Korea Investment CORP boosted its position in Corteva by 20.8% during the fourth quarter. Korea Investment CORP now owns 610,748 shares of the company’s stock worth $34,788,000 after purchasing an additional 104,992 shares during the period. Ausdal Financial Partners Inc. acquired a new position in Corteva during the fourth quarter valued at approximately $269,000. Mitsubishi UFJ Trust & Banking Corp raised its position in shares of Corteva by 0.6% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 333,616 shares of the company’s stock valued at $19,003,000 after purchasing an additional 1,828 shares during the period. Finally, Baxter Bros Inc. lifted its stake in shares of Corteva by 1.6% in the fourth quarter. Baxter Bros Inc. now owns 15,012 shares of the company’s stock worth $855,000 after buying an additional 236 shares during the last quarter. 81.54% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on CTVA. Bank of America raised their target price on shares of Corteva from $69.00 to $73.00 and gave the company a “buy” rating in a research note on Tuesday, February 11th. Royal Bank of Canada lifted their price objective on Corteva from $72.00 to $73.00 and gave the stock an “outperform” rating in a research note on Friday, February 7th. UBS Group cut their price objective on Corteva from $74.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, January 10th. Oppenheimer raised their target price on Corteva from $70.00 to $72.00 and gave the company an “outperform” rating in a report on Friday, February 7th. Finally, Barclays upped their price target on Corteva from $62.00 to $64.00 and gave the stock an “equal weight” rating in a report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Corteva presently has a consensus rating of “Moderate Buy” and an average target price of $68.00.

Corteva Stock Up 1.4 %

NYSE:CTVA opened at $62.73 on Thursday. The company has a market cap of $43.01 billion, a price-to-earnings ratio of 48.63, a P/E/G ratio of 1.68 and a beta of 0.79. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.93 and a current ratio of 1.45. The stock’s fifty day moving average price is $62.54 and its two-hundred day moving average price is $60.01. Corteva, Inc. has a 52-week low of $50.01 and a 52-week high of $66.24.

Corteva (NYSE:CTVA) last issued its quarterly earnings results on Wednesday, February 5th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.34 by ($0.02). Corteva had a net margin of 5.36% and a return on equity of 7.19%. On average, analysts anticipate that Corteva, Inc. will post 2.96 EPS for the current year.

Corteva Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.17 dividend. The ex-dividend date was Monday, March 3rd. This represents a $0.68 annualized dividend and a yield of 1.08%. Corteva’s dividend payout ratio is currently 52.71%.

Insider Transactions at Corteva

In other news, insider Brian Titus sold 26,560 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $63.74, for a total value of $1,692,934.40. Following the completion of the transaction, the insider now owns 11,347 shares of the company’s stock, valued at $723,257.78. The trade was a 70.07 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.14% of the stock is owned by corporate insiders.

Corteva Company Profile

Corteva, Inc operates in the agriculture business. It operates through two segments, Seed and Crop Protection. The Seed segment develops and supplies advanced germplasm and traits that produce optimum yield for farms. It offers trait technologies that enhance resistance to weather, disease, insects, and herbicides used to control weeds, as well as food and nutritional characteristics.