Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Stock Position Raised by KBC Group NV

KBC Group NV raised its position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 908.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 64,992 shares of the basic materials company's stock after purchasing an additional 58,546 shares during the quarter. KBC Group NV's holdings in Sociedad Química y Minera de Chile were worth $2,709,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SQM. SG Americas Securities LLC grew its position in Sociedad Química y Minera de Chile by 242.5% in the 2nd quarter. SG Americas Securities LLC now owns 37,977 shares of the basic materials company's stock valued at $1,548,000 after buying an additional 26,889 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Sociedad Química y Minera de Chile by 8.4% during the first quarter. Lazard Asset Management LLC now owns 2,144,179 shares of the basic materials company's stock valued at $105,407,000 after acquiring an additional 165,370 shares during the period. Unison Advisors LLC bought a new stake in Sociedad Química y Minera de Chile during the second quarter worth approximately $2,547,000. Sei Investments Co. lifted its position in Sociedad Química y Minera de Chile by 4.9% in the second quarter. Sei Investments Co. now owns 418,395 shares of the basic materials company's stock worth $17,050,000 after purchasing an additional 19,649 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in Sociedad Química y Minera de Chile by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 488,456 shares of the basic materials company's stock valued at $19,921,000 after purchasing an additional 13,756 shares in the last quarter. Institutional investors own 12.41% of the company's stock.

Sociedad Química y Minera de Chile Trading Up 1.0 %

Sociedad Química y Minera de Chile stock traded up $0.40 during midday trading on Tuesday, reaching $39.14. The stock had a trading volume of 1,240,085 shares, compared to its average volume of 1,172,509. The firm's fifty day simple moving average is $39.58 and its two-hundred day simple moving average is $40.78. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.47. 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 firm has a market cap of $11.18 billion, a price-to-earnings ratio of 355.82 and a beta of 1.03.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last issued its quarterly earnings results on Wednesday, August 21st. The basic materials company reported $0.75 earnings per share for the quarter, missing analysts' consensus estimates of $0.99 by ($0.24). Sociedad Química y Minera de Chile had a net margin of 0.48% and a return on equity of 23.15%. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $1.27 billion. During the same quarter in the prior year, the firm posted $2.03 EPS. Equities analysts anticipate that Sociedad Química y Minera de Chile S.A. will post -0.92 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. The Goldman Sachs Group raised Sociedad Química y Minera de Chile from a "neutral" rating to a "buy" rating in a research note on Friday, August 9th. JPMorgan Chase & Co. lowered shares of Sociedad Química y Minera de Chile from an "overweight" rating to a "neutral" rating and reduced their price objective for the company from $55.00 to $44.00 in a research report on Friday, October 11th. Jefferies Financial Group dropped their target price on shares of Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a "buy" rating on the stock in a report on Monday, August 26th. Berenberg Bank started coverage on shares of Sociedad Química y Minera de Chile in a research note on Wednesday, July 31st. They set a "hold" rating and a $35.00 target price for the company. Finally, Bank of America decreased their price target on shares of Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an "underperform" rating on the stock in a research report on Wednesday, August 21st. Two 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. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $48.69.

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.