Robeco Institutional Asset Management B.V. Acquires 7,736 Shares of Sociedad Quimica y Minera S.A. (NYSE:SQM)

Robeco Institutional Asset Management B.V. grew its holdings in Sociedad Quimica y Minera S.A. (NYSE:SQM - Free Report) by 7.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,883 shares of the basic materials company's stock after purchasing an additional 7,736 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Sociedad Quimica y Minera were worth $4,485,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Harbour Capital Advisors LLC bought a new stake in Sociedad Quimica y Minera in the 1st quarter worth about $674,000. TrueMark Investments LLC bought a new stake in shares of Sociedad Quimica y Minera in the first quarter worth approximately $278,000. Comprehensive Money Management Services LLC purchased a new position in shares of Sociedad Quimica y Minera during the first quarter valued at approximately $226,000. MFA Wealth Advisors LLC raised its holdings in shares of Sociedad Quimica y Minera by 31.7% during the first quarter. MFA Wealth Advisors LLC now owns 8,908 shares of the basic materials company's stock valued at $354,000 after purchasing an additional 2,143 shares during the last quarter. Finally, Grove Bank & Trust bought a new position in Sociedad Quimica y Minera during the first quarter valued at approximately $46,000. Hedge funds and other institutional investors own 12.41% of the company's stock.

Analyst Upgrades and Downgrades

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

Sociedad Quimica y Minera Stock Performance

NYSE SQM traded down $0.37 on Friday, hitting $37.08. 921,189 shares of the company traded hands, compared to its average volume of 1,087,028. The business's 50 day moving average price is $33.81 and its 200-day moving average price is $37.02. Sociedad Quimica y Minera S.A. has a 52-week low of $29.36 and a 52-week high of $45.89. The company has a current ratio of 2.88, a quick ratio of 1.96 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $10.59 billion, a price-to-earnings ratio of 17.57 and a beta of 1.07.

Sociedad Quimica y Minera (NYSE:SQM - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The basic materials company reported $0.48 earnings per share (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 the consensus estimate of $1.05 billion. Sociedad Quimica y Minera had a net margin of 13.45% and a return on equity of 11.71%. The company's revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the firm posted ($3.04) earnings per share. Equities analysts expect that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current year.

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.