International Assets Investment Management LLC Takes $973,000 Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

International Assets Investment Management LLC acquired a new stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 23,341 shares of the basic materials company’s stock, valued at approximately $973,000.

A number of other institutional investors have also recently made changes to their positions in SQM. SG Americas Securities LLC grew its stake in Sociedad Química y Minera de Chile by 242.5% during the second quarter. SG Americas Securities LLC now owns 37,977 shares of the basic materials company’s stock valued at $1,548,000 after acquiring an additional 26,889 shares in the last quarter. Lazard Asset Management LLC grew its position in Sociedad Química y Minera de Chile by 8.4% in the first quarter. Lazard Asset Management LLC now owns 2,144,179 shares of the basic materials company’s stock worth $105,407,000 after acquiring an additional 165,370 shares in the last quarter. BNP Paribas Financial Markets increased its stake in Sociedad Química y Minera de Chile by 31.8% in the first quarter. BNP Paribas Financial Markets now owns 121,425 shares of the basic materials company’s stock valued at $5,969,000 after acquiring an additional 29,263 shares during the last quarter. Unison Advisors LLC purchased a new stake in Sociedad Química y Minera de Chile during the second quarter valued at about $2,547,000. Finally, Sei Investments Co. lifted its stake in Sociedad Química y Minera de Chile by 4.9% during the second quarter. Sei Investments Co. now owns 418,395 shares of the basic materials company’s stock worth $17,050,000 after purchasing an additional 19,649 shares during the last quarter. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Trading Up 1.5 %

SQM opened at $39.75 on Tuesday. The firm has a market capitalization of $11.35 billion, a price-to-earnings ratio of 361.36 and a beta of 1.03. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.47. The business has a 50 day simple moving average of $39.24 and a two-hundred day simple moving average of $41.38. Sociedad Química y Minera de Chile S.A. has a one year low of $32.24 and a one year high of $64.62.

Sociedad Química y Minera de Chile (NYSE:SQM) last issued its quarterly earnings results on Wednesday, August 21st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.99 by ($0.24). The business had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. Sociedad Química y Minera de Chile had a net margin of 0.48% and a return on equity of 23.15%. During the same period last year, the business earned $2.03 earnings per share. Analysts predict that Sociedad Química y Minera de Chile S.A. will post -0.92 EPS for the current year.

Wall Street Analyst Weigh In

SQM has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Sociedad Química y Minera de Chile from $45.00 to $36.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. The Goldman Sachs Group upgraded shares of Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a report on Friday, August 9th. Jefferies Financial Group reduced their target price on shares of Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Bank of America decreased their target price on shares of Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating on the stock in a research report on Wednesday, August 21st. Finally, Berenberg Bank began coverage on Sociedad Química y Minera de Chile in a research note on Wednesday, July 31st. They set a “hold” rating and a $35.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Sociedad Química y Minera de Chile presently has a consensus rating of “Hold” and a consensus target price of $48.69.

About Sociedad Química y Minera de Chile

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.