Whittier Trust Co. Continues to Hold Position in Syngenta AG (SYT)
Whittier Trust Co. continued to hold its stake in shares of Syngenta AG (NYSE:SYT) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,805 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Syngenta AG were worth $1,137,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of SYT. Renaissance Technologies LLC increased its position in Syngenta AG by 1,786.4% in the first quarter. Renaissance Technologies LLC now owns 416,900 shares of the company’s stock worth $34,528,000 after buying an additional 394,800 shares in the last quarter. Arrowgrass Capital Partners US LP bought a new position in Syngenta AG during the first quarter worth $19,930,000. Goldman Sachs Group Inc. increased its position in Syngenta AG by 47.9% in the first quarter. Goldman Sachs Group Inc. now owns 229,420 shares of the company’s stock worth $19,000,000 after buying an additional 74,272 shares in the last quarter. Nikko Asset Management Americas Inc. increased 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 worth $17,391,000 after buying an additional 31,600 shares in the last quarter. Finally, BlackRock Inc. increased its position in Syngenta AG by 10.1% in the first quarter. BlackRock Inc. now owns 122,654 shares of the company’s stock worth $10,158,000 after buying an additional 11,241 shares in the last quarter. 7.22% of the stock is owned by institutional investors and hedge funds.
Syngenta AG (NYSE:SYT) traded down 1.55% during mid-day trading on Monday, reaching $86.49. 1,541,999 shares of the company’s stock traded hands. The stock has a 50 day moving average of $87.54 and a 200 day moving average of $81.93. The company has a market cap of $39.75 billion, a P/E ratio of 33.69 and a beta of 1.16. Syngenta AG has a 12-month low of $61.81 and a 12-month high of $89.13.
Several research analysts recently commented on the stock. Zacks Investment Research raised 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 raised their price objective for the stock 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 reaffirmed a “buy” rating on shares of Syngenta AG in a report on Tuesday, August 23rd. Finally, Raymond James Financial Inc. raised shares of Syngenta AG from a “mkt perform” rating to an “outperform” rating in a report on Friday, July 15th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $90.10.
Syngenta AG Company Profile
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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