Squarepoint Ops LLC Acquires 1,406,199 Shares of Corteva, Inc. $CTVA

Squarepoint Ops LLC grew its stake in Corteva, Inc. (NYSE:CTVA) by 423.6% during the third quarter, HoldingsChannel.com reports. The firm owned 1,738,139 shares of the company’s stock after buying an additional 1,406,199 shares during the period. Squarepoint Ops LLC’s holdings in Corteva were worth $117,550,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Chilton Capital Management LLC increased its stake in Corteva by 18.1% in the third quarter. Chilton Capital Management LLC now owns 445,350 shares of the company’s stock valued at $30,119,000 after purchasing an additional 68,380 shares in the last quarter. TriaGen Wealth Management LLC bought a new position in shares of Corteva during the third quarter worth $4,284,000. Truist Financial Corp grew its holdings 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 buying an additional 13,910 shares during the period. New York State Teachers Retirement System increased its position in shares of Corteva by 4.5% in the 3rd quarter. New York State Teachers Retirement System now owns 551,389 shares of the company’s stock valued at $37,290,000 after buying an additional 23,548 shares in the last quarter. Finally, Alberta Investment Management Corp bought a new stake in shares of Corteva in the 3rd quarter valued at $5,018,000. 81.54% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on CTVA. Wells Fargo & Company lifted their target price on Corteva from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Wolfe Research raised their price target on Corteva from $81.00 to $86.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. UBS Group cut Corteva from a “buy” rating to a “hold” rating in a report on Monday, February 9th. Royal Bank Of Canada boosted their price objective on Corteva from $80.00 to $89.00 and gave the company an “outperform” rating in a research report on Thursday, February 5th. Finally, CICC Research increased their target price on Corteva from $70.00 to $80.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 11th. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $82.90.

Insider Buying and Selling at Corteva

In other news, insider Brian Titus sold 8,311 shares of Corteva stock in a transaction that occurred on Friday, February 20th. The shares were sold at an average price of $76.55, for a total value of $636,207.05. Following the sale, the insider directly owned 8,090 shares in the company, valued at $619,289.50. This trade represents a 50.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

Corteva Stock Performance

CTVA opened at $79.13 on Friday. The business’s 50-day moving average price is $74.11 and its two-hundred day moving average price is $69.24. Corteva, Inc. has a 1 year low of $53.40 and a 1 year high of $80.90. The company has a market capitalization of $53.22 billion, a price-to-earnings ratio of 50.08, a P/E/G ratio of 2.73 and a beta of 0.72. The company has a debt-to-equity ratio of 0.07, a current ratio of 1.43 and a quick ratio of 0.96.

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

Corteva Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Monday, March 2nd. Corteva’s dividend payout ratio (DPR) is currently 45.57%.

About Corteva

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.