Robeco Institutional Asset Management B.V. Cuts Stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Robeco Institutional Asset Management B.V. decreased its holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 14.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,147 shares of the basic materials company's stock after selling 17,470 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Sociedad Química y Minera de Chile were worth $3,823,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Concentric Capital Strategies LP purchased a new stake in shares of Sociedad Química y Minera de Chile during the third quarter valued at $4,213,000. KBC Group NV lifted its position in Sociedad Química y Minera de Chile by 908.3% during the 3rd quarter. KBC Group NV now owns 64,992 shares of the basic materials company's stock worth $2,709,000 after acquiring an additional 58,546 shares during the period. abrdn plc grew its stake in Sociedad Química y Minera de Chile by 2.7% during the 3rd quarter. abrdn plc now owns 1,204,942 shares of the basic materials company's stock valued at $49,668,000 after purchasing an additional 31,955 shares during the last quarter. Mirabella Financial Services LLP acquired a new position in shares of Sociedad Química y Minera de Chile in the third quarter valued at about $1,116,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Sociedad Química y Minera de Chile by 2.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 887,342 shares of the basic materials company's stock worth $36,984,000 after purchasing an additional 24,999 shares during the last quarter. 12.41% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently commented on SQM. Scotiabank dropped 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. StockNews.com raised shares of Sociedad Química y Minera de Chile to a "sell" rating in a report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a "hold" rating for the company in a report on Thursday, November 21st. Finally, JPMorgan Chase & Co. lowered shares of Sociedad Química y Minera de Chile from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $55.00 to $44.00 in a report on Friday, October 11th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $45.56.

Sociedad Química y Minera de Chile Stock Performance

SQM traded up $0.66 on Thursday, reaching $38.36. The stock had a trading volume of 1,071,546 shares, compared to its average volume of 1,042,952. Sociedad Química y Minera de Chile S.A. has a 12-month low of $32.24 and a 12-month 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 company has a market cap of $10.96 billion, a P/E ratio of -34.56, a price-to-earnings-growth ratio of 5.34 and a beta of 1.04. The business's 50-day moving average price is $38.60 and its two-hundred day moving average price is $38.51.

Sociedad Química y Minera de Chile Company 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.