Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Stock Position Lifted by Signaturefd LLC

Signaturefd LLC boosted its stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 21.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,500 shares of the basic materials company’s stock after purchasing an additional 439 shares during the period. Signaturefd LLC’s holdings in Sociedad Química y Minera de Chile were worth $104,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its position in Sociedad Química y Minera de Chile by 2.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 887,342 shares of the basic materials company’s stock valued at $36,984,000 after purchasing an additional 24,999 shares in the last quarter. Blue Trust Inc. lifted its stake in Sociedad Química y Minera de Chile by 216.6% in the third quarter. Blue Trust Inc. now owns 2,891 shares of the basic materials company’s stock valued at $118,000 after acquiring an additional 1,978 shares during the last quarter. Creative Planning lifted its stake in Sociedad Química y Minera de Chile by 63.8% in the third quarter. Creative Planning now owns 18,516 shares of the basic materials company’s stock valued at $772,000 after acquiring an additional 7,209 shares during the last quarter. Richard P Slaughter Associates Inc lifted its stake in Sociedad Química y Minera de Chile by 5.9% in the third quarter. Richard P Slaughter Associates Inc now owns 31,857 shares of the basic materials company’s stock valued at $1,328,000 after acquiring an additional 1,765 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in Sociedad Química y Minera de Chile by 47.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,133 shares of the basic materials company’s stock valued at $87,000 after acquiring an additional 683 shares during the last quarter. 12.41% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the stock. Jefferies Financial Group reduced their target price on shares of Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Berenberg Bank started coverage on shares of Sociedad Química y Minera de Chile in a research note on Wednesday, July 31st. They issued a “hold” rating and a $35.00 target price for the company. Bank of America reduced their price objective on shares of Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating for the company in a research note on Wednesday, August 21st. JPMorgan Chase & Co. cut shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $44.00 in a research note on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Sociedad Química y Minera de Chile from $45.00 to $36.00 and set a “hold” rating for the company in a research note on Thursday, July 18th. Two equities 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 stock. According to MarketBeat.com, Sociedad Química y Minera de Chile currently has a consensus rating of “Hold” and an average price target of $48.69.

Sociedad Química y Minera de Chile Stock Performance

Sociedad Química y Minera de Chile stock opened at $42.03 on Tuesday. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.47. The stock has a fifty day moving average price of $39.14 and a two-hundred day moving average price of $41.59. Sociedad Química y Minera de Chile S.A. has a 52-week low of $32.24 and a 52-week high of $64.62. The firm has a market capitalization of $12.01 billion, a P/E ratio of 382.09 and a beta of 1.02.

Sociedad Química y Minera de Chile (NYSE:SQM) last released its quarterly earnings data on Wednesday, August 21st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.24). The company had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Sociedad Química y Minera de Chile had a return on equity of 23.15% and a net margin of 0.48%. During the same quarter in the prior year, the company earned $2.03 earnings per share. As a group, analysts anticipate that Sociedad Química y Minera de Chile S.A. will post -0.92 EPS for the current fiscal 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.