Robeco Institutional Asset Management B.V. Reduces Position in Corteva, Inc. (NYSE:CTVA)

Robeco Institutional Asset Management B.V. lowered its position in Corteva, Inc. (NYSE:CTVA) by 12.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 172,531 shares of the company’s stock after selling 25,528 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Corteva were worth $10,143,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Acadian Asset Management LLC acquired a new position in Corteva in the 1st quarter valued at about $25,000. Capital Advisors Ltd. LLC raised its stake in shares of Corteva by 44.4% during the third quarter. Capital Advisors Ltd. LLC now owns 566 shares of the company’s stock worth $33,000 after purchasing an additional 174 shares during the last quarter. Cultivar Capital Inc. acquired a new stake in shares of Corteva during the second quarter worth $34,000. Redwood Wealth Management Group LLC purchased a new position in Corteva in the 2nd quarter valued at $43,000. Finally, Triad Wealth Partners LLC acquired a new position in Corteva in the 2nd quarter valued at $45,000. 81.54% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Citigroup began coverage on shares of Corteva in a report on Wednesday, October 23rd. They issued a “buy” rating and a $68.00 target price on the stock. UBS Group increased their target price on Corteva from $67.00 to $71.00 and gave the stock a “buy” rating in a research note on Thursday. Argus lowered Corteva from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. Wells Fargo & Company reduced their target price on Corteva from $67.00 to $65.00 and set an “overweight” rating for the company in a report on Friday, August 2nd. Finally, JPMorgan Chase & Co. lowered their price target on shares of Corteva from $57.00 to $55.00 and set a “neutral” rating on the stock in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Corteva presently has an average rating of “Moderate Buy” and an average price target of $63.21.

Corteva Trading Down 5.0 %

Shares of CTVA opened at $58.64 on Friday. Corteva, Inc. has a fifty-two week low of $43.22 and a fifty-two week high of $63.75. The stock has a fifty day moving average of $58.14 and a two-hundred day moving average of $55.55. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.17 and a current ratio of 1.72. The company has a market capitalization of $40.59 billion, a PE ratio of 45.11, a price-to-earnings-growth ratio of 1.76 and a beta of 0.77.

Corteva (NYSE:CTVA) last released its earnings results on Wednesday, November 6th. The company reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.18). The business had revenue of $2.33 billion for the quarter, compared to analysts’ expectations of $2.69 billion. Corteva had a return on equity of 7.30% and a net margin of 5.31%. As a group, analysts forecast that Corteva, Inc. will post 2.66 EPS for the current year.

Corteva Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.68 annualized dividend and a dividend yield of 1.16%. Corteva’s dividend payout ratio is presently 52.31%.

About Corteva

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.