Aristotle Capital Management, an independent/employee-owned investment management organization, published its “Aristotle Capital Management Value Equity Fund” first quarter 2022 investor letter – a copy of which can be downloaded here. For the first quarter of 2022, Aristotle Capital’s Value Equity Composite posted a total return of -7.19% gross of fees (-7.26% net of fees), underperforming the -0.74% return of the Russell 1000 Value Index and the -4.60% return of the S&P 500 Index. Try to spend some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.
In its Q1 2022 investor letter, Aristotle Capital Management Value Equity mentioned Corteva, Inc. (NYSE:CTVA) and explained its insights for the company. Founded in 2019, Corteva, Inc. (NYSE:CTVA) is an Indianapolis, Indiana-based agricultural chemical and seed company with a $44.9 billion market capitalization. Corteva, Inc. (NYSE:CTVA) delivered a 31.32% return since the beginning of the year, while its 12-month returns are up by 39.22%. The stock closed at $62.09 per share on May 24, 2022.
Here is what Aristotle Capital Management Value Equity has to say about Corteva, Inc. (NYSE:CTVA) in its Q1 2022 investor letter:
“Corteva Agriscience, one of the world’s largest seed and crop protection companies, was a primary contributor for the quarter. Due to its respected brand and the value-added benefits of its patented seeds and crop protection solutions for farmers, Corteva has been able to more than offset input cost inflation with sustainable price increases. In addition, the company’s ongoing mix shift to higher-margin, premium products, a catalyst we previously identified, is aiding both sales and profit growth. Shares were likely also buoyed by the rise in crop prices. Market participants, perhaps eager to chase short-term trends, poured into the sector. At Aristotle Capital, we look past such gyrations and, as long-term investors, do not attempt to predict short-term changes in commodity prices. We remain excited about what we view to be high-quality characteristics and fundamental improvements that permeate Corteva’s business, not the least of which include its pricing power.”
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Our calculations show that Corteva, Inc. (NYSE:CTVA) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Corteva, Inc. (NYSE:CTVA) was in 39 hedge fund portfolios at the end of the first quarter of 2022, compared to 42 funds in the previous quarter. Corteva, Inc. (NYSE:CTVA) delivered a 22.54% return in the past 3 months.
In May 2021, we also shared another hedge fund’s views on Corteva, Inc. (NYSE:CTVA) in another article. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.
Disclosure: None. This article is originally published at Insider Monkey.
