Shell Asset Management Co. Purchases Shares of 14,365 Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Shell Asset Management Co. bought a new position in Sociedad Química y Minera de Chile S.A. (NYSE:SQMFree Report) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 14,365 shares of the basic materials company’s stock, valued at approximately $857,000.

A number of other institutional investors also recently modified their holdings of the stock. Wetherby Asset Management Inc. raised its stake in shares of Sociedad Química y Minera de Chile by 1.8% in the first quarter. Wetherby Asset Management Inc. now owns 7,123 shares of the basic materials company’s stock worth $610,000 after acquiring an additional 124 shares during the last quarter. Redwood Wealth Management Group LLC raised its stake in shares of Sociedad Química y Minera de Chile by 3.2% in the third quarter. Redwood Wealth Management Group LLC now owns 5,903 shares of the basic materials company’s stock worth $352,000 after acquiring an additional 185 shares during the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of Sociedad Química y Minera de Chile by 7.6% in the second quarter. Atria Wealth Solutions Inc. now owns 2,668 shares of the basic materials company’s stock worth $223,000 after acquiring an additional 188 shares during the last quarter. Tandem Capital Management Corp ADV grew its position in shares of Sociedad Química y Minera de Chile by 4.0% during the 2nd quarter. Tandem Capital Management Corp ADV now owns 5,035 shares of the basic materials company’s stock worth $366,000 after buying an additional 195 shares during the period. Finally, Kestra Private Wealth Services LLC grew its position in shares of Sociedad Química y Minera de Chile by 5.1% during the 2nd quarter. Kestra Private Wealth Services LLC now owns 4,559 shares of the basic materials company’s stock worth $331,000 after buying an additional 221 shares during the period. 14.94% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

SQM has been the subject of several analyst reports. TheStreet cut shares of Sociedad Química y Minera de Chile from a “b-” rating to a “c” rating in a research report on Friday, February 2nd. The Goldman Sachs Group upgraded shares of Sociedad Química y Minera de Chile from a “sell” rating to a “neutral” rating and set a $54.50 price target for the company in a research report on Friday, December 15th. Deutsche Bank Aktiengesellschaft cut shares of Sociedad Química y Minera de Chile from a “buy” rating to a “hold” rating and lowered their price target for the stock from $58.00 to $52.00 in a research report on Thursday, January 11th. JPMorgan Chase & Co. lowered their price target on shares of Sociedad Química y Minera de Chile from $64.00 to $55.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Scotiabank lifted their price target on shares of Sociedad Química y Minera de Chile from $72.00 to $80.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $69.11.

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Sociedad Química y Minera de Chile Stock Down 0.4 %

Shares of NYSE SQM opened at $40.27 on Friday. The stock has a market cap of $11.50 billion, a P/E ratio of 3.88 and a beta of 1.03. The firm has a 50 day moving average price of $51.11 and a 200 day moving average price of $55.78. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.60 and a current ratio of 2.28. Sociedad Química y Minera de Chile S.A. has a 52-week low of $38.50 and a 52-week high of $97.82.

Sociedad Química y Minera de Chile (NYSE:SQMGet Free Report) last released its quarterly earnings results on Wednesday, November 15th. The basic materials company reported $1.68 earnings per share for the quarter, missing the consensus estimate of $2.52 by ($0.84). The company had revenue of $1.84 billion during the quarter, compared to analyst estimates of $1.96 billion. Sociedad Química y Minera de Chile had a net margin of 31.87% and a return on equity of 57.40%. During the same quarter last year, the company earned $3.85 EPS. Analysts expect that Sociedad Química y Minera de Chile S.A. will post 7.7 EPS for the current year.

Sociedad Química y Minera de Chile Company Profile

(Free Report)

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.

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Institutional Ownership by Quarter for Sociedad Química y Minera de Chile (NYSE:SQM)

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