Sociedad Quimica y Minera S.A. (NYSE:SQM) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its holdings in Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) by 9.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 786,540 shares of the basic materials company's stock after selling 78,660 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.28% of Sociedad Quimica y Minera worth $31,501,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Jones Financial Companies Lllp raised its holdings in Sociedad Quimica y Minera by 803.4% in 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 during the period. Grove Bank & Trust purchased a new stake in shares of Sociedad Quimica y Minera in the 1st quarter valued at approximately $46,000. National Bank of Canada FI acquired a new position in shares of Sociedad Quimica y Minera in the 4th quarter worth approximately $68,000. CX Institutional purchased a new position in shares of Sociedad Quimica y Minera during the 1st quarter worth approximately $74,000. Finally, Greenline Partners LLC purchased a new position in shares of Sociedad Quimica y Minera during the 4th quarter worth approximately $102,000. Institutional investors and hedge funds own 12.41% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. BMO Capital Markets cut their target price on Sociedad Quimica y Minera from $55.00 to $45.00 and set an "outperform" rating on the stock in a research report on Thursday, May 29th. Scotiabank cut their price target on shares of Sociedad Quimica y Minera from $50.00 to $45.00 and set a "sector outperform" rating on the stock in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Sociedad Quimica y Minera from $44.00 to $39.00 and set a "neutral" rating for the company in a research note on Thursday, June 12th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $41.14.

Sociedad Quimica y Minera Stock Performance

Shares of Sociedad Quimica y Minera stock traded up $2.21 on Wednesday, hitting $37.42. The stock had a trading volume of 2,080,887 shares, compared to its average volume of 1,086,125. The stock has a market cap of $10.69 billion, a price-to-earnings ratio of 17.73 and a beta of 1.07. The company has a current ratio of 2.88, a quick ratio of 1.96 and a debt-to-equity ratio of 0.71. Sociedad Quimica y Minera S.A. has a 52-week low of $29.36 and a 52-week high of $45.89. The company's 50 day moving average price is $33.71 and its 200 day moving average price is $37.03.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last issued its quarterly earnings data on Wednesday, May 28th. The basic materials company reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.63 by ($0.15). The firm had revenue of $1.04 billion during the quarter, compared to analysts' expectations of $1.05 billion. Sociedad Quimica y Minera had a net margin of 13.45% and a return on equity of 11.71%. Sociedad Quimica y Minera's quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($3.04) EPS. On average, research analysts anticipate that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current year.

Sociedad Quimica y Minera 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.