Zurcher Kantonalbank Zurich Cantonalbank Grows Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 11.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,555 shares of the basic materials company’s stock after purchasing an additional 11,701 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Sociedad Química y Minera de Chile were worth $4,056,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Kestra Investment Management LLC bought a new stake in Sociedad Química y Minera de Chile during the fourth quarter worth about $39,000. Jones Financial Companies Lllp raised its holdings in shares of Sociedad Química y Minera de Chile by 803.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company’s stock valued at $39,000 after buying an additional 956 shares in the last quarter. R Squared Ltd bought a new stake in Sociedad Química y Minera de Chile in the 4th quarter worth approximately $58,000. Avior Wealth Management LLC boosted its stake in Sociedad Química y Minera de Chile by 104.0% in the fourth 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 in the last quarter. Finally, Blue Trust Inc. grew its position in Sociedad Química y Minera de Chile by 23.3% during the fourth quarter. Blue Trust Inc. now owns 3,566 shares of the basic materials company’s stock valued at $130,000 after acquiring an additional 675 shares during the last quarter. 12.41% of the stock is currently owned by institutional investors.

Sociedad Química y Minera de Chile Stock Performance

Sociedad Química y Minera de Chile stock opened at $43.14 on Friday. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. The firm has a market cap of $12.32 billion, a P/E ratio of -38.86, a P/E/G ratio of 5.00 and a beta of 1.08. Sociedad Química y Minera de Chile S.A. has a 1-year low of $32.24 and a 1-year high of $51.90. The firm has a 50-day moving average of $39.59 and a 200-day moving average of $39.02.

Sociedad Química y Minera de Chile (NYSE:SQM) last released its quarterly earnings results on Tuesday, March 4th. The basic materials company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.10). Sociedad Química y Minera de Chile had a negative net margin of 6.74% and a positive return on equity of 16.12%. The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.01 billion. Sell-side analysts expect that Sociedad Química y Minera de Chile S.A. will post -1.31 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on SQM. Deutsche Bank Aktiengesellschaft lowered their price objective 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. StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. Finally, Scotiabank reduced their price objective 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 note on Monday, November 25th. Two 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’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $45.56.

Sociedad Química y Minera de Chile 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.