Syngenta AG (SYT) Stake Reduced by Brown Advisory Inc.
Brown Advisory Inc. lowered its position in Syngenta AG (NYSE:SYT) by 2.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,924 shares of the company’s stock after selling 143 shares during the period. Brown Advisory Inc.’s holdings in Syngenta AG were worth $378,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of SYT. DSAM Partners London Ltd increased its position in shares of Syngenta AG by 32.8% in the second quarter. DSAM Partners London Ltd now owns 160,581 shares of the company’s stock worth $12,331,000 after buying an additional 39,661 shares during the last quarter. Advisors Asset Management Inc. increased its position in Syngenta AG by 5.4% in the second quarter. Advisors Asset Management Inc. now owns 5,672 shares of the company’s stock valued at $436,000 after buying an additional 292 shares in the last quarter. Ameriprise Financial Inc. increased its position in Syngenta AG by 3.8% in the second quarter. Ameriprise Financial Inc. now owns 31,318 shares of the company’s stock valued at $2,405,000 after buying an additional 1,157 shares in the last quarter. Feltz Wealth PLAN Inc. bought a new position in Syngenta AG during the second quarter valued at approximately $182,000. Finally, Jet Capital Investors L P increased its position in Syngenta AG by 296.3% in the second quarter. Jet Capital Investors L P now owns 1,724,118 shares of the company’s stock valued at $130,516,000 after buying an additional 1,289,065 shares in the last quarter. Institutional investors and hedge funds own 7.22% of the company’s stock.
Shares of Syngenta AG (NYSE:SYT) traded down 0.17% during midday trading on Tuesday, hitting $87.65. 87,085 shares of the stock were exchanged. The firm has a market capitalization of $40.28 billion, a price-to-earnings ratio of 34.14 and a beta of 1.16. Syngenta AG has a 1-year low of $61.81 and a 1-year high of $89.13. The stock’s 50-day moving average price is $86.53 and its 200-day moving average price is $81.77.
SYT has been the topic of several research reports. Zacks Investment Research upgraded shares of Syngenta AG from a “sell” rating to a “hold” rating in a report on Tuesday, June 21st. Sanford C. Bernstein downgraded shares of 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 report on Tuesday, September 6th. They noted that the move was a valuation call. Deutsche Bank AG reiterated a “buy” rating on shares of Syngenta AG in a report on Tuesday, August 23rd. Finally, Raymond James Financial Inc. upgraded shares of Syngenta AG from a “mkt perform” rating to an “outperform” rating in a report on Friday, July 15th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus 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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