Concert Wealth Management Inc. cut its stake in Syngenta AG (NYSE:SYT) by 16.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,675 shares of the company’s stock after selling 545 shares during the period. Concert Wealth Management Inc.’s holdings in Syngenta AG were worth $211,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in SYT. Bank of Montreal Can acquired a new position in Syngenta AG during the second quarter valued at $985,000. CIBC World Markets Inc. acquired a new position in Syngenta AG during the second quarter valued at $525,000. Checchi Capital Advisers LLC boosted its position in Syngenta AG by 1.0% in the second quarter. Checchi Capital Advisers LLC now owns 4,503 shares of the company’s stock valued at $346,000 after buying an additional 44 shares in the last quarter. Jolley Asset Management LLC acquired a new position in Syngenta AG during the second quarter valued at $384,000. Finally, Nikko Asset Management Americas Inc. boosted its position in Syngenta AG by 16.3% in the second quarter. Nikko Asset Management Americas Inc. now owns 225,123 shares of the company’s stock valued at $17,391,000 after buying an additional 31,600 shares in the last quarter. 7.22% of the stock is currently owned by institutional investors and hedge funds.
Shares of Syngenta AG (NYSE:SYT) traded down 0.24% during mid-day trading on Monday, reaching $83.01. The company’s stock had a trading volume of 638,063 shares. The firm’s 50-day moving average price is $87.49 and its 200 day moving average price is $82.05. The firm has a market cap of $38.15 billion, a P/E ratio of 32.34 and a beta of 1.16. Syngenta AG has a 12-month low of $63.79 and a 12-month high of $89.13.
A number of analysts recently commented on the company. Zacks Investment Research upgraded Syngenta AG from a “sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Raymond James Financial Inc. upgraded Syngenta AG from a “mkt perform” rating to an “outperform” rating in a research report on Friday, July 15th. Sanford C. Bernstein cut Syngenta AG from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $90.20 to $92.20 in a research report on Tuesday, September 6th. They noted that the move was a valuation call. Finally, Deutsche Bank AG reiterated a “buy” rating on shares of Syngenta AG in a research report on Tuesday, August 23rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Syngenta AG currently has a consensus rating of “Buy” and an average price target of $90.10.
About Syngenta AG
Syngenta AG is an agribusiness operating in the crop protection and seeds business. The Company is engaged in the discovery, development, manufacture and marketing of a range of products designed to improve crop yields and food quality. The Company operates through five segments: the four geographic regions, Europe, Africa and Middle East, North America, Latin America and Asia Pacific, consisting of the integrated Crop Protection and Seeds business, and the global Lawn and Garden business.
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