International Assets Investment Management LLC Takes Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

International Assets Investment Management LLC bought a new stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 43,358 shares of the basic materials company's stock, valued at approximately $2,611,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wellington Management Group LLP bought a new stake in shares of Sociedad Química y Minera de Chile in the 3rd quarter valued at about $9,794,000. abrdn plc raised its position in Sociedad Química y Minera de Chile by 4.7% during the 3rd quarter. abrdn plc now owns 2,643,076 shares of the basic materials company's stock valued at $157,712,000 after purchasing an additional 119,695 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in Sociedad Química y Minera de Chile by 20.9% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 73,776 shares of the basic materials company's stock valued at $4,402,000 after purchasing an additional 12,759 shares during the last quarter. Bronte Capital Management Pty Ltd. raised its position in Sociedad Química y Minera de Chile by 98.2% during the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 153,080 shares of the basic materials company's stock valued at $9,134,000 after purchasing an additional 75,849 shares during the last quarter. Finally, Chase Investment Counsel Corp bought a new position in Sociedad Química y Minera de Chile during the 3rd quarter valued at approximately $737,000. Institutional investors own 12.41% of the company's stock.

Sociedad Química y Minera de Chile Stock Down 1.8 %

Shares of Sociedad Química y Minera de Chile stock traded down $0.82 during midday trading on Friday, hitting $44.99. The company had a trading volume of 1,457,351 shares, compared to its average volume of 1,435,701. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.74 and a current ratio of 2.49. The stock has a market capitalization of $12.85 billion, a P/E ratio of 6.38 and a beta of 1.07. The company has a 50 day moving average of $46.96 and a 200 day moving average of $49.84. Sociedad Química y Minera de Chile S.A. has a 52-week low of $38.50 and a 52-week high of $81.50.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last posted its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.51). The company had revenue of $1.31 billion during the quarter, compared to analysts' expectations of $1.36 billion. Sociedad Química y Minera de Chile had a return on equity of 37.86% and a net margin of 26.95%. During the same quarter in the previous year, the company earned $4.03 EPS. On average, equities analysts predict that Sociedad Química y Minera de Chile S.A. will post 4.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on SQM shares. Jefferies Financial Group raised Sociedad Química y Minera de Chile from a "hold" rating to a "buy" rating and upped their price target for the company from $52.00 to $62.80 in a research report on Monday, April 8th. StockNews.com lowered Sociedad Química y Minera de Chile from a "hold" rating to a "sell" rating in a research report on Monday, March 4th. Deutsche Bank Aktiengesellschaft decreased their target price on Sociedad Química y Minera de Chile from $48.00 to $42.00 and set a "hold" rating for the company in a research report on Friday. TheStreet lowered Sociedad Química y Minera de Chile from a "b-" rating to a "c" rating in a research report on Friday, February 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Sociedad Química y Minera de Chile from $64.00 to $55.00 and set an "overweight" rating for the company in a research report on Tuesday, February 6th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $65.98.

Sociedad Química y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.