Garrison Financial Corp reduced its stake in Syngenta AG (NYSE:SYT) by 3.4% during the second quarter, Holdings Channel reports. The fund owned 36,406 shares of the company’s stock after selling 1,287 shares during the period. Syngenta AG accounts for 1.9% of Garrison Financial Corp’s holdings, making the stock its 25th largest position. Garrison Financial Corp’s holdings in Syngenta AG were worth $2,796,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of SYT. Bank of Montreal Can acquired a new position in shares of Syngenta AG during the second quarter valued at about $985,000. CIBC World Markets Inc. purchased a new stake in Syngenta AG during the second quarter worth $525,000. Checchi Capital Advisers LLC raised its stake in 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 in the last quarter. Jolley Asset Management LLC purchased a new stake in Syngenta AG during the second quarter worth $384,000. Finally, Nikko Asset Management Americas Inc. raised its stake 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. Institutional investors own 7.22% of the company’s stock.
Syngenta AG (NYSE:SYT) traded down 0.70% during trading on Thursday, hitting $87.73. 502,041 shares of the company were exchanged. Syngenta AG has a 1-year low of $61.81 and a 1-year high of $89.13. The firm’s 50 day moving average price is $85.74 and its 200-day moving average price is $81.65. The stock has a market capitalization of $40.32 billion, a PE ratio of 34.18 and a beta of 1.28.
A number of research firms have weighed in on SYT. Sanford C. Bernstein lowered shares of Syngenta AG from an “outperform” rating to a “market perform” rating and raised their price objective for the company from $90.20 to $92.20 in a research note 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. Zacks Investment Research raised shares of Syngenta AG from a “sell” rating to a “hold” rating in a report on Tuesday, June 21st. 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus 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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