Quent Capital LLC Acquires 182 Shares of Corteva, Inc. (NYSE:CTVA)

Quent Capital LLC grew its holdings in Corteva, Inc. (NYSE:CTVA) by 5.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,510 shares of the company’s stock after acquiring an additional 182 shares during the quarter. Quent Capital LLC’s holdings in Corteva were worth $200,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Strengthening Families & Communities LLC boosted its position in shares of Corteva by 2.3% during the fourth quarter. Strengthening Families & Communities LLC now owns 43,982 shares of the company’s stock worth $2,505,000 after buying an additional 999 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of Corteva during the fourth quarter worth about $69,000. Essex Financial Services Inc. boosted its position in shares of Corteva by 56.0% during the fourth quarter. Essex Financial Services Inc. now owns 10,677 shares of the company’s stock worth $608,000 after buying an additional 3,833 shares during the period. Cambiar Investors LLC boosted its position in shares of Corteva by 4.7% during the fourth quarter. Cambiar Investors LLC now owns 735,180 shares of the company’s stock worth $41,876,000 after buying an additional 32,699 shares during the period. Finally, Summit Trail Advisors LLC boosted its position in shares of Corteva by 1.4% during the fourth quarter. Summit Trail Advisors LLC now owns 20,798 shares of the company’s stock worth $1,185,000 after buying an additional 281 shares during the period. 81.54% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CTVA has been the subject of several recent research reports. Citigroup increased their price target on Corteva from $69.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Bank of America increased their price target on Corteva from $69.00 to $73.00 and gave the company a “buy” rating in a research report on Tuesday. KeyCorp increased their price target on Corteva from $68.00 to $70.00 and gave the company an “overweight” rating in a research report on Friday, February 7th. Oppenheimer increased their price target on Corteva from $70.00 to $72.00 and gave the company an “outperform” rating in a research report on Friday, February 7th. Finally, Barclays increased their price target on Corteva from $62.00 to $64.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $67.73.

Corteva Stock Performance

CTVA opened at $62.02 on Thursday. The business has a fifty day simple moving average of $60.24 and a 200 day simple moving average of $58.35. The company has a market capitalization of $42.63 billion, a PE ratio of 48.08, a price-to-earnings-growth ratio of 1.85 and a beta of 0.78. Corteva, Inc. has a 1 year low of $50.01 and a 1 year high of $66.24. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.45 and a quick ratio of 0.96.

Corteva (NYSE:CTVA) last released 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%. Research analysts expect that Corteva, Inc. will post 2.83 EPS for the current year.

Corteva Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.17 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $0.68 annualized dividend and a yield of 1.10%. Corteva’s dividend payout ratio is presently 52.71%.

Corteva declared that its Board of Directors has authorized a stock buyback plan on Tuesday, November 19th that authorizes the company to repurchase $3.00 billion in shares. This repurchase authorization authorizes the company to repurchase up to 7.5% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Corteva 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.