Crossmark Global Holdings Inc. Has $4.36 Million Stock Position in Sociedad Quimica y Minera S.A. (NYSE:SQM)

Crossmark Global Holdings Inc. lessened its holdings in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) by 50.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 109,606 shares of the basic materials company's stock after selling 109,495 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in Sociedad Quimica y Minera were worth $4,355,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the business. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of Sociedad Quimica y Minera by 5.7% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,302,897 shares of the basic materials company's stock valued at $120,093,000 after buying an additional 177,323 shares during the period. Lazard Asset Management LLC lifted its holdings in shares of Sociedad Quimica y Minera by 0.9% during the fourth quarter. Lazard Asset Management LLC now owns 1,965,641 shares of the basic materials company's stock valued at $71,470,000 after purchasing an additional 18,255 shares during the last quarter. Earnest Partners LLC lifted its holdings in shares of Sociedad Quimica y Minera by 1.8% during the fourth quarter. Earnest Partners LLC now owns 1,071,339 shares of the basic materials company's stock valued at $38,954,000 after purchasing an additional 18,748 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in Sociedad Quimica y Minera in the 4th quarter worth about $35,832,000. Finally, Russell Investments Group Ltd. lifted its stake in Sociedad Quimica y Minera by 12.9% in the 4th quarter. Russell Investments Group Ltd. now owns 315,578 shares of the basic materials company's stock worth $11,474,000 after acquiring an additional 36,160 shares in the last quarter. Institutional investors and hedge funds own 12.41% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Scotiabank reduced 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 research note on Friday, May 30th. BMO Capital Markets reduced their price objective on Sociedad Quimica y Minera from $55.00 to $45.00 and set an "outperform" rating for the company in a research note on Thursday, May 29th. Finally, JPMorgan Chase & Co. reduced their price objective on 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 issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Sociedad Quimica y Minera has an average rating of "Hold" and an average target price of $41.14.

Sociedad Quimica y Minera Stock Down 3.9%

Shares of NYSE SQM traded down $1.52 during mid-day trading on Friday, reaching $37.60. 1,428,676 shares of the company traded hands, compared to its average volume of 1,105,286. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.96 and a current ratio of 2.88. The stock has a market cap of $10.74 billion, a PE ratio of 17.82 and a beta of 1.07. The company's fifty day moving average is $34.08 and its two-hundred day moving average is $37.04. Sociedad Quimica y Minera S.A. has a fifty-two week low of $29.36 and a fifty-two week high of $45.89.

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 EPS for the quarter, missing analysts' consensus estimates of $0.63 by ($0.15). The company had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.05 billion. Sociedad Quimica y Minera had a net margin of 13.45% and a return on equity of 11.71%. The business's revenue was down 4.4% on a year-over-year basis. During the same period in the prior year, the company posted ($3.04) EPS. On average, analysts expect that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current year.

About Sociedad Quimica y Minera

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.