Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Sold by Perigon Wealth Management LLC

Perigon Wealth Management LLC cut its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM – Get Rating) by 8.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 3,306 shares of the basic materials company’s stock after selling 310 shares during the period. Perigon Wealth Management LLC’s holdings in Sociedad Química y Minera de Chile were worth $300,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Capital International Investors acquired a new stake in Sociedad Química y Minera de Chile during the 1st quarter worth approximately $184,773,000. State Street Corp increased its position in shares of Sociedad Química y Minera de Chile by 7.8% in the 1st quarter. State Street Corp now owns 1,498,233 shares of the basic materials company’s stock valued at $128,249,000 after purchasing an additional 108,210 shares during the last quarter. Alliancebernstein L.P. increased its position in shares of Sociedad Química y Minera de Chile by 18.9% in the 3rd quarter. Alliancebernstein L.P. now owns 1,495,086 shares of the basic materials company’s stock valued at $135,679,000 after purchasing an additional 238,115 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC increased its position in shares of Sociedad Química y Minera de Chile by 59.8% in the 2nd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,269,678 shares of the basic materials company’s stock valued at $106,056,000 after purchasing an additional 475,285 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Sociedad Química y Minera de Chile by 314.0% in the 2nd quarter. Renaissance Technologies LLC now owns 1,258,000 shares of the basic materials company’s stock valued at $105,081,000 after purchasing an additional 954,100 shares during the last quarter. 18.42% of the stock is currently owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Trading Up 1.9 %

NYSE SQM opened at $74.84 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.29 and a quick ratio of 1.71. The firm’s fifty day moving average price is $87.65 and its 200 day moving average price is $91.89. The company has a market capitalization of $21.38 billion, a price-to-earnings ratio of 5.47, a price-to-earnings-growth ratio of 0.36 and a beta of 0.97. Sociedad Química y Minera de Chile S.A. has a 12 month low of $69.75 and a 12 month high of $115.76.

Analyst Ratings Changes

A number of brokerages have commented on SQM. Scotiabank raised shares of Sociedad Química y Minera de Chile from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, March 2nd. StockNews.com began coverage on shares of Sociedad Química y Minera de Chile in a research report on Thursday. They issued a “buy” rating on the stock. Citigroup downgraded shares of Sociedad Química y Minera de Chile from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $112.00 to $92.00 in a research report on Thursday, December 15th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Sociedad Química y Minera de Chile from $125.00 to $95.00 in a research report on Tuesday, January 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $95.60.

Sociedad Química y Minera de Chile Profile

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Sociedad Quimica y Minera de Chile SA engages in the production and distribution of fertilizers, potassium nitrate, iodine, and lithium chemicals. It operates through the following segments: Specialty Plant Nutrients, Iodine and Derivatives, Lithium and Derivatives, Industrial Chemicals, Potassium, and Other Products and Services.