Syngenta AG (SYT) Shares Sold by Wetherby Asset Management Inc.
Wetherby Asset Management Inc. reduced its stake in Syngenta AG (NYSE:SYT) by 2.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,916 shares of the basic materials company’s stock after selling 180 shares during the period. Wetherby Asset Management Inc.’s holdings in Syngenta AG were worth $641,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of SYT. Sei Investments Co. increased its stake in Syngenta AG by 0.3% in the second quarter. Sei Investments Co. now owns 1,963 shares of the basic materials company’s stock valued at $182,000 after buying an additional 6 shares during the last quarter. Cambiar Investors LLC bought a new stake in Syngenta AG during the second quarter valued at $201,000. Aperio Group LLC increased its stake in Syngenta AG by 7.4% in the second quarter. Aperio Group LLC now owns 221,160 shares of the basic materials company’s stock valued at $20,490,000 after buying an additional 15,270 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its stake in Syngenta AG by 1.6% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 3,209 shares of the basic materials company’s stock valued at $298,000 after buying an additional 50 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its stake in Syngenta AG by 1.7% in the first quarter. Goldman Sachs Group Inc. now owns 242,599 shares of the basic materials company’s stock valued at $21,470,000 after buying an additional 4,043 shares during the last quarter. 8.32% of the stock is owned by institutional investors and hedge funds.
Shares of Syngenta AG (NYSE SYT) opened at 92.05 on Friday. The firm has a 50-day moving average of $92.34 and a 200 day moving average of $90.19. Syngenta AG has a 12 month low of $74.52 and a 12 month high of $93.61. The company has a market capitalization of $42.49 billion, a PE ratio of 40.79 and a beta of 0.97.
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Several equities research analysts recently weighed in on the stock. BidaskClub raised shares of Syngenta AG from a “strong sell” rating to a “sell” rating in a report on Friday. Zacks Investment Research downgraded shares of Syngenta AG from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Syngenta AG has a consensus rating of “Hold” and a consensus price target of $95.73.
About Syngenta AG
Syngenta AG (Syngenta) is an agribusiness company. The Company operates in the crop protection and seeds business, which is involved in the discovery, development, manufacture and marketing of a range of products designed to improve crop yields and food quality, and in the lawn and garden business, which provides professional growers and consumers with flowers, turf and landscape, and professional pest management products.
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