D.B. Root & Company LLC Acquires Shares of 6,938 Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

D.B. Root & Company LLC purchased a new position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,938 shares of the basic materials company's stock, valued at approximately $252,000.

A number of other large investors also recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. increased its position in shares of Sociedad Química y Minera de Chile by 47.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,133 shares of the basic materials company's stock valued at $87,000 after acquiring an additional 683 shares in the last quarter. Signaturefd LLC increased its holdings in Sociedad Química y Minera de Chile by 21.3% in the 3rd quarter. Signaturefd LLC now owns 2,500 shares of the basic materials company's stock worth $104,000 after buying an additional 439 shares in the last quarter. Blue Trust Inc. raised its position in Sociedad Química y Minera de Chile by 216.6% in the 3rd quarter. Blue Trust Inc. now owns 2,891 shares of the basic materials company's stock worth $118,000 after buying an additional 1,978 shares during the last quarter. MML Investors Services LLC bought a new position in Sociedad Química y Minera de Chile during the 3rd quarter valued at about $202,000. Finally, Credit Capital Investments LLC bought a new position in 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.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SQM. StockNews.com raised Sociedad Química y Minera de Chile to a "sell" rating in a report on Thursday, November 21st. Scotiabank lowered their target price on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a "sector outperform" rating on the stock in a research report on Monday, November 25th. JPMorgan Chase & Co. cut Sociedad Química y Minera de Chile from an "overweight" rating to a "neutral" rating and reduced their price target for the stock from $55.00 to $44.00 in a research report on Friday, October 11th. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a "hold" rating for the company in a research note on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $45.56.

Sociedad Química y Minera de Chile Price Performance

Shares of Sociedad Química y Minera de Chile stock traded up $0.65 during trading on Thursday, reaching $39.13. 656,165 shares of the stock traded hands, compared to its average volume of 1,128,397. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05. The company has a market capitalization of $11.18 billion, a price-to-earnings ratio of -35.38, a P/E/G ratio of 5.38 and a beta of 1.03. 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 business has a fifty day simple moving average of $38.45 and a two-hundred day simple moving average of $38.65.

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.