Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D reduced its stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 19.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 51,599 shares of the basic materials company’s stock after selling 12,175 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Sociedad Química y Minera de Chile were worth $1,876,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd purchased a new stake in shares of Sociedad Química y Minera de Chile during the fourth quarter valued at approximately $58,000. Avior Wealth Management LLC increased its stake 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 buying an additional 1,085 shares during the period. Signaturefd LLC lifted its holdings in Sociedad Química y Minera de Chile by 21.3% in the 3rd quarter. Signaturefd LLC now owns 2,500 shares of the basic materials company’s stock worth $104,000 after buying an additional 439 shares in the last quarter. Blue Trust Inc. boosted its position in Sociedad Química y Minera de Chile by 216.6% in the 3rd quarter. Blue Trust Inc. now owns 2,891 shares of the basic materials company’s stock valued at $118,000 after buying an additional 1,978 shares during the last quarter. Finally, MML Investors Services LLC purchased a new position in Sociedad Química y Minera de Chile in the 3rd quarter valued at about $202,000. 12.41% of the stock is owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Stock Performance

SQM stock opened at $39.74 on Tuesday. The stock’s 50 day simple moving average is $38.60 and its 200 day simple moving average is $38.70. 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 firm has a market cap of $11.35 billion, a P/E ratio of -35.80, a P/E/G ratio of 5.00 and a beta of 1.04. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on SQM shares. Scotiabank dropped their target price on 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. Deutsche Bank Aktiengesellschaft lowered their price objective on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. 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 given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average 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.