WealthPLAN Partners LLC Takes $219,000 Position in Syngenta AG (SYT)
WealthPLAN Partners LLC bought a new stake in shares of Syngenta AG (NYSE:SYT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,365 shares of the basic materials company’s stock, valued at approximately $219,000.
Other hedge funds have also made changes to their positions in the company. Fiduciary Trust Co. bought a new stake in shares of Syngenta AG during the 2nd quarter valued at $120,000. JPMorgan Chase & Co. boosted its holdings in shares of Syngenta AG by 10.7% during the 1st 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. Sei Investments Co. boosted its holdings in shares of Syngenta AG by 0.3% during the 2nd 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 2nd quarter valued at $201,000. Finally, MML Investors Services LLC boosted its holdings in shares of Syngenta AG by 9.9% during the 2nd quarter. MML Investors Services LLC now owns 2,747 shares of the basic materials company’s stock valued at $254,000 after buying an additional 248 shares in the last quarter. Hedge funds and other institutional investors own 0.23% of the company’s stock.
SYT has been the topic of a number of research reports. Zacks Investment Research cut shares of Syngenta AG from a “buy” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub cut shares of Syngenta AG from a “sell” rating to a “strong sell” rating in a report on Sunday, July 16th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Syngenta AG presently has an average rating of “Hold” and an average price target of $97.50.
Shares of Syngenta AG (SYT) remained flat at $92.05 during mid-day trading on Friday. 11,181 shares of the company’s stock traded hands. The stock’s 50 day moving average is $92.03 and its 200 day moving average is $91.44. Syngenta AG has a one year low of $74.52 and a one year high of $93.61. The stock has a market cap of $42.49 billion, a price-to-earnings ratio of 40.79 and a beta of 0.98.
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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