Logan Capital Management Inc. Has $1.32 Million Stock Holdings in Corteva, Inc. $CTVA

Logan Capital Management Inc. decreased its position in shares of Corteva, Inc. (NYSE:CTVA) by 3.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,648 shares of the company’s stock after selling 599 shares during the period. Logan Capital Management Inc.’s holdings in Corteva were worth $1,315,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Moody National Bank Trust Division boosted its position in shares of Corteva by 0.7% during the 2nd quarter. Moody National Bank Trust Division now owns 22,139 shares of the company’s stock worth $1,650,000 after acquiring an additional 143 shares in the last quarter. Ancora Advisors LLC boosted its position in shares of Corteva by 0.8% during the 1st quarter. Ancora Advisors LLC now owns 18,567 shares of the company’s stock worth $1,168,000 after acquiring an additional 150 shares in the last quarter. NORTHSTAR ASSET MANAGEMENT Co boosted its position in shares of Corteva by 2.2% during the 2nd quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 6,940 shares of the company’s stock worth $517,000 after acquiring an additional 150 shares in the last quarter. NewEdge Advisors LLC boosted its position in shares of Corteva by 0.5% during the 1st quarter. NewEdge Advisors LLC now owns 31,455 shares of the company’s stock worth $1,979,000 after acquiring an additional 152 shares in the last quarter. Finally, Plancorp LLC boosted its position in shares of Corteva by 2.3% during the 1st quarter. Plancorp LLC now owns 7,156 shares of the company’s stock worth $450,000 after acquiring an additional 158 shares in the last quarter. Institutional investors and hedge funds own 81.54% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Robert D. King sold 37,280 shares of Corteva stock in a transaction on Friday, August 29th. The shares were sold at an average price of $74.20, for a total transaction of $2,766,176.00. Following the completion of the transaction, the executive vice president owned 49,262 shares of the company’s stock, valued at $3,655,240.40. This trade represents a 43.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.15% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts recently commented on CTVA shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Corteva from $83.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 15th. Barclays raised shares of Corteva from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $75.00 to $84.00 in a research note on Wednesday, August 13th. Citigroup downgraded shares of Corteva from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $83.00 to $70.00 in a research note on Thursday, October 2nd. Argus dropped their price objective on shares of Corteva from $83.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, October 13th. Finally, Mizuho dropped their price objective on shares of Corteva from $85.00 to $78.00 and set an “outperform” rating for the company in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.94.

Corteva Price Performance

CTVA stock opened at $63.48 on Wednesday. The company has a fifty day moving average price of $68.18 and a 200-day moving average price of $69.28. The company has a market capitalization of $43.11 billion, a P/E ratio of 30.96, a PEG ratio of 1.46 and a beta of 0.76. Corteva, Inc. has a 52-week low of $53.40 and a 52-week high of $77.41. The company has a debt-to-equity ratio of 0.06, a quick ratio of 1.23 and a current ratio of 1.68.

Corteva (NYSE:CTVA) last released its quarterly earnings results on Wednesday, August 6th. The company reported $2.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.31. The firm had revenue of $6.46 billion during the quarter, compared to the consensus estimate of $6.26 billion. Corteva had a net margin of 8.16% and a return on equity of 8.68%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.83 earnings per share. As a group, equities analysts expect that Corteva, Inc. will post 2.96 EPS for the current year.

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.