610,998 Shares in Syngenta AG (SYT) Acquired by MARSHALL WACE ASIA Ltd

MARSHALL WACE ASIA Ltd purchased a new position in shares of Syngenta AG (NYSE:SYT) during the first quarter, Holdings Channel reports. The institutional investor purchased 610,998 shares of the basic materials company’s stock, valued at approximately $54,379,000.

Several other large investors have also added to or reduced their stakes in SYT. Coastland Capital LLC increased its stake in Syngenta AG by 67.6% in the third quarter. Coastland Capital LLC now owns 422,473 shares of the basic materials company’s stock worth $37,009,000 after buying an additional 170,390 shares during the last quarter. Water Island Capital LLC increased its stake in Syngenta AG by 51.0% in the third quarter. Water Island Capital LLC now owns 387,624 shares of the basic materials company’s stock worth $33,956,000 after buying an additional 131,000 shares during the last quarter. Comerica Bank increased its stake 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 during the last quarter. Quinn Opportunity Partners LLC acquired a new stake in Syngenta AG during the fourth quarter worth $3,288,000. Finally, Wetherby Asset Management Inc. increased its stake in Syngenta AG by 3.3% in the fourth quarter. Wetherby Asset Management Inc. now owns 6,721 shares of the basic materials company’s stock worth $531,000 after buying an additional 215 shares during the last quarter. Institutional investors own 7.25% of the company’s stock.

Institutional Ownership by Quarter for Syngenta AG (NYSE:SYT)

Syngenta AG (NYSE:SYT) traded up 0.69% during midday trading on Wednesday, hitting $91.78. 927,941 shares of the stock were exchanged. Syngenta AG has a 1-year low of $74.52 and a 1-year high of $93.61. The firm’s 50-day moving average price is $92.32 and its 200 day moving average price is $86.32. The firm has a market capitalization of $42.32 billion, a P/E ratio of 35.88 and a beta of 1.06.

The firm also recently disclosed an annual dividend, which will be paid on Thursday, July 13th. Investors of record on Monday, May 15th will be issued a $1.0065 dividend. This represents a yield of 1.08%. The ex-dividend date is Thursday, May 11th.

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SYT has been the subject of a number of analyst reports. Jefferies Group LLC downgraded shares of Syngenta AG from a “buy” rating to a “hold” rating in a research report on Thursday, February 16th. Zacks Investment Research upgraded shares of Syngenta AG from a “sell” rating to a “hold” rating in a research report on Wednesday, March 22nd. Two investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “SYT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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