Blue Trust Inc. Purchases 675 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Blue Trust Inc. raised its position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 23.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,566 shares of the basic materials company’s stock after acquiring an additional 675 shares during the quarter. Blue Trust Inc.’s holdings in Sociedad Química y Minera de Chile were worth $130,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC grew its position in Sociedad Química y Minera de Chile by 1,076.3% during the third quarter. FMR LLC now owns 18,726 shares of the basic materials company’s stock valued at $781,000 after buying an additional 17,134 shares during the period. BNP Paribas Financial Markets grew its position in shares of Sociedad Química y Minera de Chile by 15.7% during the 3rd 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 during the period. Mirabella Financial Services LLP bought a new position in Sociedad Química y Minera de Chile in the 3rd quarter worth $1,116,000. Erste Asset Management GmbH purchased a new position in Sociedad Química y Minera de Chile during the third quarter valued at $834,000. Finally, D.B. Root & Company LLC purchased a new stake in Sociedad Química y Minera de Chile in the fourth quarter worth about $252,000. 12.41% of the stock is owned by hedge funds and other institutional investors.

Sociedad Química y Minera de Chile Price Performance

Shares of Sociedad Química y Minera de Chile stock opened at $37.73 on Thursday. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. 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 50 day moving average of $38.60 and a 200 day moving average of $38.51. The firm has a market cap of $10.78 billion, a PE ratio of -33.99, a PEG ratio of 5.34 and a beta of 1.04.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. 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 for the company in a report on Thursday, November 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. Scotiabank lowered their target price 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. Finally, StockNews.com upgraded Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. Two equities 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target 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.