Robeco Schweiz AG Cuts Stock Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Robeco Schweiz AG cut its holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 6.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,165,600 shares of the basic materials company's stock after selling 82,403 shares during the quarter. Robeco Schweiz AG owned 0.41% of Sociedad Química y Minera de Chile worth $42,381,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in SQM. Kestra Investment Management LLC acquired a new stake in Sociedad Química y Minera de Chile in the 4th quarter valued at $39,000. R Squared Ltd acquired a new stake in shares of Sociedad Química y Minera de Chile in the fourth quarter valued at about $58,000. Avior Wealth Management LLC increased its stake in shares of Sociedad Química y Minera de Chile by 104.0% during the fourth quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company's stock worth $77,000 after purchasing an additional 1,085 shares in the last quarter. Blue Trust Inc. lifted its stake in Sociedad Química y Minera de Chile by 23.3% in the 4th quarter. Blue Trust Inc. now owns 3,566 shares of the basic materials company's stock valued at $130,000 after buying an additional 675 shares in the last quarter. Finally, MML Investors Services LLC purchased a new position in Sociedad Química y Minera de Chile in the 3rd quarter valued at about $202,000. 12.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Scotiabank reduced 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. Deutsche Bank Aktiengesellschaft reduced 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. Finally, StockNews.com raised shares of Sociedad Química y Minera de Chile to a "sell" rating in a report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $45.56.

Sociedad Química y Minera de Chile Trading Down 4.1 %

NYSE SQM traded down $1.64 on Friday, reaching $38.36. 1,417,167 shares of the company were exchanged, compared to its average volume of 1,034,118. Sociedad Química y Minera de Chile S.A. has a fifty-two week low of $32.24 and a fifty-two week high of $51.90. The stock has a market capitalization of $10.96 billion, a P/E ratio of -34.56, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The business's fifty day moving average price is $38.75 and its 200 day moving average price is $38.77. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74.

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.