Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Stock Holdings Raised by Bank of Montreal Can

Bank of Montreal Can grew its stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 19.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 109,286 shares of the basic materials company's stock after acquiring an additional 18,001 shares during the period. Bank of Montreal Can's holdings in Sociedad Química y Minera de Chile were worth $4,555,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. boosted its stake in shares of Sociedad Química y Minera de Chile by 396.2% in the 2nd quarter. Blue Trust Inc. now owns 913 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 729 shares in the last quarter. Signaturefd LLC grew its position in shares of Sociedad Química y Minera de Chile by 204.9% in the 2nd quarter. Signaturefd LLC now owns 2,061 shares of the basic materials company's stock worth $84,000 after buying an additional 1,385 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Sociedad Química y Minera de Chile by 47.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,133 shares of the basic materials company's stock worth $87,000 after buying an additional 683 shares during the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Sociedad Química y Minera de Chile by 216.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 4,968 shares of the basic materials company's stock worth $207,000 after acquiring an additional 3,398 shares during the last quarter. Finally, Credit Capital Investments LLC purchased a new stake in shares of Sociedad Química y Minera de Chile during the third quarter valued at approximately $208,000. 12.41% of the stock is owned by hedge funds and other institutional investors.

Sociedad Química y Minera de Chile Trading Down 3.9 %

NYSE SQM traded down $1.53 during trading on Wednesday, hitting $37.62. The stock had a trading volume of 1,547,767 shares, compared to its average volume of 1,175,578. Sociedad Química y Minera de Chile S.A. has a twelve month low of $32.24 and a twelve month high of $64.62. The company has a market capitalization of $10.75 billion, a PE ratio of -34.28 and a beta of 1.03. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74. The firm has a 50 day moving average price of $39.71 and a 200 day moving average price of $40.13.

Analysts Set New Price Targets

SQM has been the topic of a number of research reports. Bank of America dropped their price target on Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an "underperform" rating on the stock in a research note on Wednesday, August 21st. Scotiabank lowered their target price on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a "sector outperform" rating on the stock in a research note on Monday, November 25th. StockNews.com raised shares of Sociedad Química y Minera de Chile to a "sell" rating in a report on Thursday, November 21st. JPMorgan Chase & Co. downgraded Sociedad Química y Minera de Chile from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $55.00 to $44.00 in a research report on Friday, October 11th. Finally, Jefferies Financial Group decreased their price objective on Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a "buy" rating on the stock in a research report on Monday, August 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $45.56.

About Sociedad Química y Minera de Chile

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.