Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 11.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,555 shares of the basic materials company's stock after buying an additional 11,701 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Sociedad Química y Minera de Chile were worth $4,056,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SQM. FMR LLC boosted its holdings in Sociedad Química y Minera de Chile by 1,076.3% in the third quarter. FMR LLC now owns 18,726 shares of the basic materials company's stock valued at $781,000 after acquiring an additional 17,134 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Sociedad Química y Minera de Chile by 15.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 152,048 shares of the basic materials company's stock valued at $6,337,000 after purchasing an additional 20,616 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of Sociedad Química y Minera de Chile during the fourth quarter valued at about $120,395,000. Mirabella Financial Services LLP bought a new position in Sociedad Química y Minera de Chile in the third quarter worth about $1,116,000. Finally, D.B. Root & Company LLC purchased a new stake in Sociedad Química y Minera de Chile in the fourth quarter worth about $252,000. 12.41% of the stock is currently owned by institutional investors.

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Sociedad Química y Minera de Chile Stock Down 0.3 %

Shares of SQM traded down $0.14 during midday trading on Wednesday, hitting $45.47. 1,073,377 shares of the company's stock traded hands, compared to its average volume of 1,139,726. 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 stock has a market capitalization of $12.99 billion, a price-to-earnings ratio of -40.97, a price-to-earnings-growth ratio of 5.00 and a beta of 1.08. The firm's fifty day moving average is $39.86 and its 200-day moving average is $39.13. Sociedad Química y Minera de Chile S.A. has a 1 year low of $32.24 and a 1 year high of $51.90.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last posted its earnings results on Tuesday, March 4th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.52 by ($0.10). Sociedad Química y Minera de Chile had a negative net margin of 6.74% and a positive return on equity of 16.12%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.01 billion. As a group, sell-side analysts anticipate that Sociedad Química y Minera de Chile S.A. will post -1.31 earnings per share for the current year.

Analyst Ratings Changes

SQM has been the subject of a number of recent research reports. StockNews.com raised shares of Sociedad Química y Minera de Chile to a "sell" rating in a research report on Thursday, November 21st. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a "hold" rating on the stock in a research note on Thursday, November 21st. Finally, Scotiabank cut their price objective 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. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $45.56.

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.