Atria Wealth Solutions Inc. Buys 6,846 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Atria Wealth Solutions Inc. raised its stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 55.1% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 19,275 shares of the basic materials company’s stock after purchasing an additional 6,846 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Sociedad Química y Minera de Chile were worth $701,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Manning & Napier Advisors LLC bought a new stake in Sociedad Química y Minera de Chile in the fourth quarter valued at approximately $120,395,000. abrdn plc raised its holdings in shares of Sociedad Química y Minera de Chile by 2.7% during the third quarter. abrdn plc now owns 1,204,942 shares of the basic materials company’s stock valued at $49,668,000 after acquiring an additional 31,955 shares in the last quarter. Van ECK Associates Corp raised its holdings in shares of Sociedad Química y Minera de Chile by 28.4% during the fourth quarter. Van ECK Associates Corp now owns 804,913 shares of the basic materials company’s stock valued at $29,267,000 after acquiring an additional 177,898 shares in the last quarter. State Street Corp raised its holdings in shares of Sociedad Química y Minera de Chile by 8.9% during the third quarter. State Street Corp now owns 265,545 shares of the basic materials company’s stock valued at $11,068,000 after acquiring an additional 21,778 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Sociedad Química y Minera de Chile by 15.7% during the third quarter. BNP Paribas Financial Markets now owns 152,048 shares of the basic materials company’s stock valued at $6,337,000 after acquiring an additional 20,616 shares in the last quarter. Institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Trading Up 0.2 %

NYSE SQM opened at $39.80 on Wednesday. Sociedad Química y Minera de Chile S.A. has a 12 month low of $32.24 and a 12 month high of $51.90. The stock has a market cap of $11.37 billion, a P/E ratio of -35.86, a P/E/G ratio of 5.00 and a beta of 1.04. The stock’s fifty day moving average price is $38.64 and its 200-day moving average price is $38.72. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74.

Wall Street Analysts Forecast Growth

SQM has been the subject of a number of recent analyst reports. Scotiabank decreased their target price on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a report on Monday, November 25th. Deutsche Bank Aktiengesellschaft reduced their price target on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday, November 21st. Finally, StockNews.com raised Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, three have assigned 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 price target of $45.56.

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.