Jones Financial Companies Lllp Buys 956 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Jones Financial Companies Lllp raised its stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 803.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,075 shares of the basic materials company’s stock after acquiring an additional 956 shares during the period. Jones Financial Companies Lllp’s holdings in Sociedad Química y Minera de Chile were worth $39,000 as of its most recent SEC filing.

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

Sociedad Química y Minera de Chile Price Performance

Shares of SQM stock opened at $45.65 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05. The company has a market capitalization of $13.04 billion, a P/E ratio of -41.12, a P/E/G ratio of 5.00 and a beta of 1.08. The company’s 50-day simple moving average is $39.86 and its two-hundred day simple moving average is $39.13. Sociedad Química y Minera de Chile S.A. has a one year low of $32.24 and a one year high of $51.90.

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). Sociedad Química y Minera de Chile had a positive return on equity of 16.12% and a negative net margin of 6.74%. The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.01 billion. As a group, equities analysts anticipate that Sociedad Química y Minera de Chile S.A. will post -1.31 EPS for the current year.

Analyst Ratings Changes

SQM has been the topic 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 on the stock in a report on Thursday, November 21st. StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. Finally, Scotiabank reduced their price objective 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 report on Monday, November 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Sociedad Química y Minera de Chile currently has an average rating of “Hold” and a consensus target price 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.