Deutsche Bank AG Purchases 37,300 Shares of Sociedad Quimica y Minera S.A. $SQM

Key Points

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Deutsche Bank AG raised its position in Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) by 84.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,422 shares of the basic materials company's stock after buying an additional 37,300 shares during the quarter. Deutsche Bank AG's holdings in Sociedad Quimica y Minera were worth $3,235,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Banque Cantonale Vaudoise acquired a new stake in shares of Sociedad Quimica y Minera during the 1st quarter worth $34,000. Grove Bank & Trust acquired a new stake in shares of Sociedad Quimica y Minera during the 1st quarter worth $46,000. IFP Advisors Inc grew its holdings in shares of Sociedad Quimica y Minera by 728.0% during the 1st quarter. IFP Advisors Inc now owns 1,242 shares of the basic materials company's stock worth $49,000 after purchasing an additional 1,092 shares in the last quarter. CX Institutional acquired a new stake in shares of Sociedad Quimica y Minera during the 1st quarter worth $74,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Sociedad Quimica y Minera during the 1st quarter worth $96,000. 12.41% of the stock is owned by institutional investors and hedge funds.

Sociedad Quimica y Minera Price Performance

NYSE:SQM traded up $1.10 during trading hours on Friday, hitting $46.35. The company's stock had a trading volume of 1,452,320 shares, compared to its average volume of 1,658,354. 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. Sociedad Quimica y Minera S.A. has a twelve month low of $29.36 and a twelve month high of $47.39. The stock has a fifty day simple moving average of $38.61 and a 200-day simple moving average of $37.46.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last posted its earnings results 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). The firm had revenue of $1.04 billion during the quarter, compared to the consensus estimate of $1.08 billion. Sociedad Quimica y Minera had a net margin of 11.29% and a return on equity of 9.17%. Sociedad Quimica y Minera's revenue for the quarter was down 19.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 earnings per share. On average, analysts anticipate that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.