JPMorgan Chase & Co. raised its stake in shares of Syngenta AG (NYSE:SYT) by 10.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,618 shares of the basic materials company’s stock after buying an additional 157 shares during the period. JPMorgan Chase & Co.’s holdings in Syngenta AG were worth $144,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. ING Groep NV increased its position in Syngenta AG by 11.0% in the first quarter. ING Groep NV now owns 55,500 shares of the basic materials company’s stock valued at $4,912,000 after buying an additional 5,500 shares during the period. Wetherby Asset Management Inc. increased its position in Syngenta AG by 5.6% in the first quarter. Wetherby Asset Management Inc. now owns 7,096 shares of the basic materials company’s stock valued at $628,000 after buying an additional 375 shares during the period. DUPONT CAPITAL MANAGEMENT Corp purchased a new position in Syngenta AG during the first quarter valued at $2,558,000. BTC Capital Management Inc. purchased a new position in Syngenta AG during the first quarter valued at $500,000. Finally, Nikko Asset Management Americas Inc. increased its position in Syngenta AG by 9.9% in the first quarter. Nikko Asset Management Americas Inc. now owns 234,723 shares of the basic materials company’s stock valued at $20,773,000 after buying an additional 21,200 shares during the period. 7.35% of the stock is currently owned by institutional investors.
Syngenta AG (NYSE:SYT) opened at 91.88 on Friday. The company’s 50-day moving average price is $92.26 and its 200-day moving average price is $90.43. Syngenta AG has a 12 month low of $74.52 and a 12 month high of $93.61. The stock has a market cap of $42.41 billion, a P/E ratio of 40.71 and a beta of 0.97.
Several equities analysts have recently weighed in on SYT shares. Zacks Investment Research upgraded Syngenta AG from a “hold” rating to a “buy” rating and set a $104.00 target price on the stock in a research report on Saturday, May 6th. BidaskClub downgraded Syngenta AG from a “sell” rating to a “strong sell” rating in a research report on Sunday, July 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price 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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