109,410 Shares in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Acquired by Boston Partners

Boston Partners bought a new stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 109,410 shares of the basic materials company's stock, valued at approximately $3,978,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Signaturefd LLC lifted its position in Sociedad Química y Minera de Chile by 18.1% during the fourth quarter. Signaturefd LLC now owns 2,953 shares of the basic materials company's stock valued at $107,000 after purchasing an additional 453 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Sociedad Química y Minera de Chile by 55.6% in the 4th quarter. Corient Private Wealth LLC now owns 15,311 shares of the basic materials company's stock valued at $557,000 after acquiring an additional 5,473 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new position in Sociedad Química y Minera de Chile in the fourth quarter worth about $411,000. Rakuten Securities Inc. increased its stake in Sociedad Química y Minera de Chile by 11.2% during the fourth quarter. Rakuten Securities Inc. now owns 4,119 shares of the basic materials company's stock worth $150,000 after acquiring an additional 415 shares during the last quarter. Finally, Avantax Advisory Services Inc. purchased a new stake in Sociedad Química y Minera de Chile during the fourth quarter valued at approximately $343,000. 12.41% of the stock is owned by hedge funds and other institutional investors.

Sociedad Química y Minera de Chile Trading Down 1.0 %

Shares of SQM stock traded down $0.42 on Tuesday, reaching $42.73. 1,041,611 shares of the company's stock were exchanged, compared to its average volume of 1,059,094. The company's fifty day simple moving average is $40.34 and its 200 day simple moving average is $39.40. Sociedad Química y Minera de Chile S.A. has a 52 week low of $32.24 and a 52 week high of $51.90. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. The stock has a market capitalization of $12.21 billion, a PE ratio of -38.50, a P/E/G ratio of 5.00 and a beta of 1.08.

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Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last released its earnings results on Tuesday, March 4th. The basic materials company reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.10). The business had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.01 billion. Sociedad Química y Minera de Chile had a positive return on equity of 16.12% and a negative net margin of 6.74%. As a group, analysts forecast that Sociedad Química y Minera de Chile S.A. will post -1.31 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Scotiabank dropped their target price on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a "sector outperform" rating for the company in a report on Monday, November 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Sociedad Química y Minera de Chile currently has a consensus rating of "Hold" and a consensus target price of $45.56.

Sociedad Química y Minera de Chile 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.