Syngenta AG (SYT) Stake Decreased by Checchi Capital Advisers LLC
Checchi Capital Advisers LLC lowered its stake in Syngenta AG (NYSE:SYT) by 1.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,564 shares of the basic materials company’s stock after selling 46 shares during the period. Checchi Capital Advisers LLC’s holdings in Syngenta AG were worth $423,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Syngenta AG by 10.7% in the first quarter. JPMorgan Chase & Co. now owns 1,618 shares of the basic materials company’s stock valued at $144,000 after buying an additional 157 shares in the last quarter. Creative Planning increased its stake in shares of Syngenta AG by 12.8% in the first quarter. Creative Planning now owns 1,656 shares of the basic materials company’s stock valued at $147,000 after buying an additional 188 shares in the last quarter. Sei Investments Co. increased its stake in shares of 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 in the last quarter. Cambiar Investors LLC bought a new stake in shares of Syngenta AG during the second quarter valued at $201,000. Finally, Chevy Chase Trust Holdings Inc. increased its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 7.35% of the company’s stock.
Shares of Syngenta AG (NYSE SYT) opened at 92.00 on Wednesday. The stock’s 50 day moving average is $92.31 and its 200 day moving average is $90.36. Syngenta AG has a 12 month low of $74.52 and a 12 month high of $93.61. The stock has a market cap of $42.47 billion, a P/E ratio of 40.77 and a beta of 0.97.
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SYT has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Syngenta AG from a “hold” rating to a “buy” rating and set a $104.00 price objective for the company in a research report on Saturday, May 6th. BidaskClub upgraded shares of Syngenta AG from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price 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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