Night Squared LP Acquires Shares of 109,808 Corteva, Inc. $CTVA

Night Squared LP acquired a new stake in shares of Corteva, Inc. (NYSE:CTVA) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 109,808 shares of the company’s stock, valued at approximately $7,360,000. Corteva makes up about 2.1% of Night Squared LP’s holdings, making the stock its 18th biggest position.

A number of other hedge funds also recently bought and sold shares of the company. L2 Asset Management LLC lifted its stake in Corteva by 7.3% during the fourth quarter. L2 Asset Management LLC now owns 3,427 shares of the company’s stock valued at $230,000 after buying an additional 232 shares in the last quarter. Cynosure Group LLC purchased a new stake in Corteva during the fourth quarter valued at about $475,000. OMERS ADMINISTRATION Corp lifted its stake in Corteva by 65.5% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 56,171 shares of the company’s stock valued at $3,765,000 after buying an additional 22,233 shares in the last quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA increased its holdings in shares of Corteva by 19.0% in the 4th quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 2,503 shares of the company’s stock valued at $168,000 after purchasing an additional 400 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its holdings in shares of Corteva by 8.9% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 95,681 shares of the company’s stock valued at $6,413,000 after purchasing an additional 7,811 shares during the period. 81.54% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CTVA. Royal Bank Of Canada upped their target price on Corteva from $95.00 to $97.00 and gave the company an “outperform” rating in a report on Thursday, May 7th. Morgan Stanley upped their target price on Corteva from $84.00 to $95.00 and gave the company an “overweight” rating in a report on Thursday, May 28th. Barclays upped their target price on Corteva from $84.00 to $91.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Wells Fargo & Company upped their target price on Corteva from $85.00 to $90.00 and gave the company an “overweight” rating in a report on Tuesday, April 21st. Finally, Citigroup upped their target price on Corteva from $83.00 to $85.00 and gave the company a “neutral” rating in a report on Thursday, May 7th. Fourteen equities research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, Corteva currently has a consensus rating of “Moderate Buy” and a consensus target price of $88.81.

Corteva Trading Up 1.5%

NYSE:CTVA opened at $76.84 on Wednesday. The stock’s 50 day moving average price is $80.02 and its 200 day moving average price is $75.52. Corteva, Inc. has a 52 week low of $60.53 and a 52 week high of $85.63. The company has a market capitalization of $51.39 billion, a P/E ratio of 45.20, a P/E/G ratio of 2.32 and a beta of 0.57. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.03 and a current ratio of 1.47.

Corteva (NYSE:CTVA) last released its quarterly earnings data on Tuesday, May 5th. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.32. Corteva had a return on equity of 9.95% and a net margin of 6.50%.The firm had revenue of $4.91 billion for the quarter, compared to the consensus estimate of $4.64 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. The firm’s revenue was up 11.0% on a year-over-year basis. Corteva has set its FY 2026 guidance at 3.450-3.700 EPS. On average, research analysts forecast that Corteva, Inc. will post 3.72 EPS for the current fiscal year.

Corteva Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Investors of record on Monday, June 1st were issued a $0.18 dividend. The ex-dividend date was Monday, June 1st. This represents a $0.72 dividend on an annualized basis and a yield of 0.9%. Corteva’s dividend payout ratio is currently 42.35%.

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.