Syngenta AG (SYT) Position Cut by Motley Fool Wealth Management LLC
Motley Fool Wealth Management LLC reduced its position in shares of Syngenta AG (NYSE:SYT) by 9.2% during the first quarter, according to its most recent filing with the SEC. The fund owned 28,178 shares of the basic materials company’s stock after selling 2,866 shares during the period. Motley Fool Wealth Management LLC’s holdings in Syngenta AG were worth $2,494,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Segantii Capital Management Ltd acquired a new position in Syngenta AG during the third quarter worth about $5,105,000. Quantitative Systematic Strategies LLC acquired a new position in Syngenta AG during the first quarter worth about $1,851,000. Comerica Bank boosted its position in Syngenta AG by 9.5% in the fourth quarter. Comerica Bank now owns 33,036 shares of the basic materials company’s stock worth $2,730,000 after buying an additional 2,857 shares in the last quarter. Highbridge Capital Management LLC boosted its position in Syngenta AG by 5.3% in the fourth quarter. Highbridge Capital Management LLC now owns 400,000 shares of the basic materials company’s stock worth $31,620,000 after buying an additional 20,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in Syngenta AG by 0.5% in the fourth quarter. Envestnet Asset Management Inc. now owns 59,873 shares of the basic materials company’s stock worth $4,733,000 after buying an additional 310 shares in the last quarter. Hedge funds and other institutional investors own 7.25% of the company’s stock.
Shares of Syngenta AG (NYSE:SYT) traded down 1.76% during mid-day trading on Monday, hitting $91.09. The stock had a trading volume of 419,361 shares. Syngenta AG has a 12 month low of $74.52 and a 12 month high of $93.61. The firm has a 50 day moving average price of $92.35 and a 200-day moving average price of $85.53. The stock has a market cap of $42.00 billion, a P/E ratio of 35.61 and a beta of 1.06.
The firm also recently announced an annual dividend, which will be paid on Thursday, July 13th. Shareholders of record on Monday, May 15th will be paid a $1.0065 dividend. The ex-dividend date is Thursday, May 11th. This represents a yield of 1.08%.
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SYT has been the topic of a number of recent research reports. Zacks Investment Research raised Syngenta AG from a “sell” rating to a “hold” rating in a research note on Wednesday, March 22nd. Jefferies Group LLC lowered Syngenta AG from a “buy” rating to a “hold” rating in a research note on Thursday, February 16th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target 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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