Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company boosted its stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 19.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,148 shares of the basic materials company’s stock after buying an additional 2,128 shares during the period. The Manufacturers Life Insurance Company’s holdings in Sociedad Química y Minera de Chile were worth $548,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Sociedad Química y Minera de Chile by 0.3% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 95,111 shares of the basic materials company’s stock valued at $3,876,000 after buying an additional 275 shares in the last quarter. MFA Wealth Advisors LLC increased its stake in Sociedad Química y Minera de Chile by 4.7% during the third quarter. MFA Wealth Advisors LLC now owns 7,006 shares of the basic materials company’s stock worth $292,000 after purchasing an additional 313 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in shares of Sociedad Química y Minera de Chile by 3.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,037 shares of the basic materials company’s stock worth $531,000 after purchasing an additional 401 shares in the last quarter. Saturna Capital Corp lifted its position in shares of Sociedad Química y Minera de Chile by 0.8% during the third quarter. Saturna Capital Corp now owns 49,407 shares of the basic materials company’s stock worth $2,059,000 after purchasing an additional 407 shares in the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Sociedad Química y Minera de Chile by 21.3% in the third quarter. Signaturefd LLC now owns 2,500 shares of the basic materials company’s stock valued at $104,000 after purchasing an additional 439 shares during the period. Institutional investors and hedge funds own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Price Performance

Shares of NYSE SQM opened at $37.77 on Friday. The stock’s 50-day simple moving average is $39.38 and its 200-day simple moving average is $39.65. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. The firm has a market capitalization of $10.79 billion, a PE ratio of -34.03 and a beta of 1.03. Sociedad Química y Minera de Chile S.A. has a fifty-two week low of $32.24 and a fifty-two week high of $64.62.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Jefferies Financial Group dropped their price target on shares of Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Deutsche Bank Aktiengesellschaft lowered their target price on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. JPMorgan Chase & Co. lowered Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $55.00 to $44.00 in a research report on Friday, October 11th. Scotiabank lowered their price objective on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a research report on Monday, November 25th. Finally, Bank of America cut 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 note on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $45.56.

Sociedad Química y Minera de Chile Company Profile

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.