Tocqueville Asset Management L.P. Sells 109,865 Shares of Syngenta AG (SYT)
Tocqueville Asset Management L.P. decreased its position in shares of Syngenta AG (NYSE:SYT) by 33.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 217,633 shares of the company’s stock after selling 109,865 shares during the period. Tocqueville Asset Management L.P.’s holdings in Syngenta AG were worth $16,712,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Opera Trading Capital acquired a new position in shares of Syngenta AG during the first quarter worth approximately $107,000. Credit Agricole S A acquired a new position in shares of Syngenta AG during the first quarter worth approximately $286,000. Pacad Investment Ltd. acquired a new position in shares of Syngenta AG during the first quarter worth approximately $290,000. OLD Mission Capital LLC acquired a new position in shares of Syngenta AG during the first quarter worth approximately $328,000. Finally, Checchi Capital Advisers LLC boosted its position in shares of Syngenta AG by 1.0% in the second quarter. Checchi Capital Advisers LLC now owns 4,503 shares of the company’s stock worth $346,000 after buying an additional 44 shares during the last quarter. Institutional investors and hedge funds own 7.22% of the company’s stock.
Shares of Syngenta AG (NYSE:SYT) traded down 2.805% on Friday, hitting $82.975. 2,280,558 shares of the stock traded hands. Syngenta AG has a 52-week low of $63.62 and a 52-week high of $89.13. The firm has a market cap of $38.13 billion, a PE ratio of 32.324 and a beta of 1.16. The firm has a 50 day moving average price of $87.60 and a 200 day moving average price of $82.05.
A number of research analysts have commented on the stock. Raymond James Financial Inc. upgraded shares of Syngenta AG from a “mkt perform” rating to an “outperform” rating in a research report on Friday, July 15th. Deutsche Bank AG reiterated a “buy” rating on shares of Syngenta AG in a research report on Tuesday, August 23rd. Sanford C. Bernstein cut shares of Syngenta AG from an “outperform” rating to a “market perform” rating and increased their price target for the company from $90.20 to $92.20 in a research report on Tuesday, September 6th. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded shares of Syngenta AG from a “sell” rating to a “hold” rating in a research report on Tuesday, June 21st. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus 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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