Rhumbline Advisers Increases Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Rhumbline Advisers lifted its position in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 22.3% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 10,278 shares of the basic materials company’s stock after buying an additional 1,875 shares during the period. Rhumbline Advisers’ holdings in Sociedad Química y Minera de Chile were worth $374,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new position in shares of Sociedad Química y Minera de Chile during the fourth quarter valued at approximately $58,000. Avior Wealth Management LLC lifted its stake in shares of Sociedad Química y Minera de Chile by 104.0% during the fourth quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company’s stock valued at $77,000 after buying an additional 1,085 shares during the period. Blue Trust Inc. lifted its stake in shares of Sociedad Química y Minera de Chile by 23.3% during the fourth quarter. Blue Trust Inc. now owns 3,566 shares of the basic materials company’s stock valued at $130,000 after buying an additional 675 shares during the period. MML Investors Services LLC purchased a new position in shares of Sociedad Química y Minera de Chile during the third quarter valued at approximately $202,000. Finally, Credit Capital Investments LLC purchased a new position in shares of Sociedad Química y Minera de Chile during the third quarter valued at approximately $208,000. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. 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 research note on Monday, November 25th. StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.56.

Sociedad Química y Minera de Chile Stock Performance

Shares of SQM stock opened at $42.07 on Friday. The company’s fifty day simple moving average is $39.01 and its 200-day simple moving average is $38.88. Sociedad Química y Minera de Chile S.A. has a 52 week low of $32.24 and a 52 week high of $51.90. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. The company has a market cap of $12.02 billion, a PE ratio of -37.90, a P/E/G ratio of 5.00 and a beta of 1.08.

Sociedad Química y Minera de Chile (NYSE:SQM) last issued its earnings results on Tuesday, March 4th. The basic materials company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.10). The business had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.01 billion. Sociedad Química y Minera de Chile had a negative net margin of 6.74% and a positive return on equity of 16.12%. As a group, equities research analysts anticipate that Sociedad Química y Minera de Chile S.A. will post -1.31 EPS for the current year.

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.