State Street Corp Purchases 21,778 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

State Street Corp lifted its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 8.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 265,545 shares of the basic materials company’s stock after purchasing an additional 21,778 shares during the quarter. State Street Corp owned 0.09% of Sociedad Química y Minera de Chile worth $11,068,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp boosted its holdings in shares of Sociedad Química y Minera de Chile by 9.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 5,482 shares of the basic materials company’s stock worth $223,000 after buying an additional 464 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in Sociedad Química y Minera de Chile by 36.3% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 29,314 shares of the basic materials company’s stock worth $1,195,000 after acquiring an additional 7,803 shares during the last quarter. Banco Santander S.A. bought a new stake in Sociedad Química y Minera de Chile in the second quarter valued at approximately $600,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Sociedad Química y Minera de Chile by 0.3% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 95,111 shares of the basic materials company’s stock worth $3,876,000 after acquiring an additional 275 shares in the last quarter. Finally, TrueMark Investments LLC acquired a new stake in shares of Sociedad Química y Minera de Chile in the 2nd quarter valued at about $355,000. Institutional investors and hedge funds own 12.41% of the company’s stock.

Wall Street Analysts Forecast Growth

SQM has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Scotiabank cut their price target on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating on the stock in a report on Monday, November 25th. JPMorgan Chase & Co. lowered shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $55.00 to $44.00 in a report on Friday, October 11th. Finally, StockNews.com upgraded Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $45.56.

Sociedad Química y Minera de Chile Trading Up 0.5 %

NYSE:SQM opened at $37.47 on Thursday. The company has a 50 day simple moving average of $38.71 and a two-hundred day simple moving average of $39.14. The company has a market cap of $10.70 billion, a PE ratio of -33.76 and a beta of 1.04. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. Sociedad Química y Minera de Chile S.A. has a 12 month low of $32.24 and a 12 month high of $64.62.

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.