Robeco Institutional Asset Management B.V. Has $4.49 Million Stake in Sociedad Quimica y Minera S.A. (NYSE:SQM)

Robeco Institutional Asset Management B.V. increased its position in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) by 7.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 112,883 shares of the basic materials company's stock after purchasing an additional 7,736 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Sociedad Quimica y Minera were worth $4,485,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Jones Financial Companies Lllp increased its holdings in shares of Sociedad Quimica y Minera by 803.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company's stock worth $39,000 after buying an additional 956 shares during the last quarter. Grove Bank & Trust acquired a new position in Sociedad Quimica y Minera during the 1st quarter worth $46,000. National Bank of Canada FI acquired a new position in Sociedad Quimica y Minera in the fourth quarter worth $68,000. CX Institutional bought a new position in shares of Sociedad Quimica y Minera during the first quarter valued at approximately $74,000. Finally, Greenline Partners LLC acquired a new stake in shares of Sociedad Quimica y Minera in the 4th quarter worth about $102,000. Hedge funds and other institutional investors own 12.41% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on SQM shares. BMO Capital Markets cut their price objective on Sociedad Quimica y Minera from $55.00 to $45.00 and set an "outperform" rating for the company in a report on Thursday, May 29th. Scotiabank reduced their target price on shares of 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. Finally, JPMorgan Chase & Co. dropped their target price on shares of Sociedad Quimica y Minera from $44.00 to $39.00 and set a "neutral" rating on the stock in a report on Thursday, June 12th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $41.14.

Sociedad Quimica y Minera Stock Performance

NYSE:SQM traded up $2.21 on Wednesday, hitting $37.42. The company's stock had a trading volume of 2,080,887 shares, compared to its average volume of 1,086,125. The stock has a fifty day moving average of $33.71 and a two-hundred day moving average of $37.03. Sociedad Quimica y Minera S.A. has a one year low of $29.36 and a one year high of $45.89. The firm has a market capitalization of $10.69 billion, a P/E 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 (NYSE:SQM - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.05 billion. Sociedad Quimica y Minera had a return on equity of 11.71% and a net margin of 13.45%. Sociedad Quimica y Minera's revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($3.04) earnings per share. Research analysts predict 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.