US Bancorp DE Sells 4,405 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

US Bancorp DE cut its holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 33.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,789 shares of the basic materials company’s stock after selling 4,405 shares during the period. US Bancorp DE’s holdings in Sociedad Química y Minera de Chile were worth $320,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SQM. Kestra Investment Management LLC bought a new stake in Sociedad Química y Minera de Chile in the fourth quarter worth $39,000. R Squared Ltd acquired a new position in Sociedad Química y Minera de Chile during the 4th quarter worth $58,000. Avior Wealth Management LLC lifted its position in Sociedad Química y Minera de Chile by 104.0% during the 4th quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company’s stock worth $77,000 after acquiring an additional 1,085 shares during the last quarter. Blue Trust Inc. lifted its position in Sociedad Química y Minera de Chile by 23.3% during the 4th quarter. Blue Trust Inc. now owns 3,566 shares of the basic materials company’s stock worth $130,000 after acquiring an additional 675 shares during the last quarter. Finally, MML Investors Services LLC acquired a new position in Sociedad Química y Minera de Chile during the 3rd quarter worth $202,000. 12.41% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

SQM has been the subject of a number of research analyst reports. Scotiabank cut their target price on shares of 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. Deutsche Bank Aktiengesellschaft cut 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. Finally, StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $45.56.

Sociedad Química y Minera de Chile Stock Up 2.0 %

NYSE SQM opened at $42.13 on Friday. The stock has a market cap of $12.03 billion, a PE ratio of -37.95, a PEG ratio of 5.00 and a beta of 1.08. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. Sociedad Química y Minera de Chile S.A. has a twelve month low of $32.24 and a twelve month high of $51.90. The firm has a 50-day simple moving average of $39.34 and a 200 day simple moving average of $38.96.

Sociedad Química y Minera de Chile (NYSE:SQM) last announced its quarterly 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 for the quarter, compared to the consensus estimate of $1.01 billion. Sociedad Química y Minera de Chile had a positive return on equity of 16.12% and a negative net margin of 6.74%. On average, research analysts forecast 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.