Corient IA LLC Makes New $318,000 Investment in Sociedad Quimica y Minera S.A. $SQM

Key Points

• Corient IA LLC made a new investment of $318,000 in Sociedad Quimica y Minera S.A. by purchasing 8,000 shares of the company.
• Analysts have adjusted their price targets for Sociedad Quimica y Minera, with BMO Capital Markets and Scotiabank lowering their targets to $45.00, while JPMorgan Chase raised theirs to $41.00.
• Sociedad Quimica y Minera's recent earnings report showed an EPS of $0.48, missing estimates, and a 4.4% decline in year-over-year revenue.

Corient IA LLC acquired a new stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm acquired 8,000 shares of the basic materials company's stock, valued at approximately $318,000.

Several other large investors have also bought and sold shares of the stock. US Bancorp DE raised its stake in shares of Sociedad Quimica y Minera by 6.0% during the 1st quarter. US Bancorp DE now owns 9,315 shares of the basic materials company's stock worth $370,000 after purchasing an additional 526 shares during the period. Wells Fargo & Company MN increased its holdings in Sociedad Quimica y Minera by 1.0% in the 4th quarter. Wells Fargo & Company MN now owns 79,047 shares of the basic materials company's stock worth $2,874,000 after acquiring an additional 821 shares during the last quarter. Banque Cantonale Vaudoise purchased a new stake in Sociedad Quimica y Minera in the 1st quarter worth about $34,000. Laird Norton Wetherby Wealth Management LLC increased its holdings in Sociedad Quimica y Minera by 10.0% in the 4th quarter. Laird Norton Wetherby Wealth Management LLC now owns 11,206 shares of the basic materials company's stock worth $407,000 after acquiring an additional 1,023 shares during the last quarter. Finally, National Bank of Canada FI increased its holdings in Sociedad Quimica y Minera by 55.9% in the 1st quarter. National Bank of Canada FI now owns 2,915 shares of the basic materials company's stock worth $116,000 after acquiring an additional 1,045 shares during the last quarter. 12.41% of the stock is currently owned by institutional investors.

Sociedad Quimica y Minera Price Performance

SQM stock traded up $1.10 during mid-day trading on Friday, reaching $46.35. 1,432,852 shares of the company traded hands, compared to its average volume of 1,275,399. Sociedad Quimica y Minera S.A. has a 52-week low of $29.36 and a 52-week high of $47.39. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.88 and a quick ratio of 1.96. The company has a market capitalization of $13.24 billion, a P/E ratio of 27.75 and a beta of 1.03. The company has a fifty day moving average price of $38.33 and a 200-day moving average price of $37.42.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last issued its quarterly earnings data on Wednesday, August 20th. The basic materials company reported $0.31 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.21). Sociedad Quimica y Minera had a return on equity of 9.17% and a net margin of 11.29%.The business had revenue of $1.04 billion for the quarter, compared to analysts' expectations of $1.08 billion. During the same period in the previous year, the firm posted $0.75 EPS. The firm's revenue for the quarter was down 19.4% compared to the same quarter last year. As a group, analysts anticipate that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SQM shares. JPMorgan Chase & Co. lifted their price objective on Sociedad Quimica y Minera from $39.00 to $41.00 and gave the stock a "neutral" rating in a report on Monday, July 28th. BMO Capital Markets lifted their price objective on Sociedad Quimica y Minera from $45.00 to $55.00 and gave the stock an "outperform" rating in a report on Thursday. Scotiabank decreased their price objective on Sociedad Quimica y Minera from $50.00 to $45.00 and set a "sector outperform" rating for the company in a report on Friday, May 30th. Finally, Zacks Research raised Sociedad Quimica y Minera from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat, Sociedad Quimica y Minera has a consensus rating of "Moderate Buy" and a consensus price target of $45.40.

Sociedad Quimica y Minera 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.