Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale grew its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 216.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,968 shares of the basic materials company’s stock after buying an additional 3,398 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Sociedad Química y Minera de Chile were worth $207,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in SQM. American Century Companies Inc. increased its holdings in Sociedad Química y Minera de Chile by 5.7% in the 2nd quarter. American Century Companies Inc. now owns 78,795 shares of the basic materials company’s stock valued at $3,211,000 after purchasing an additional 4,256 shares in the last quarter. Headlands Technologies LLC grew its stake in shares of Sociedad Química y Minera de Chile by 680.8% in the second quarter. Headlands Technologies LLC now owns 5,325 shares of the basic materials company’s stock valued at $217,000 after buying an additional 4,643 shares in the last quarter. Prudential PLC raised its holdings in shares of Sociedad Química y Minera de Chile by 18.9% during the 2nd quarter. Prudential PLC now owns 612,538 shares of the basic materials company’s stock valued at $24,961,000 after buying an additional 97,479 shares during the period. Strategic Financial Concepts LLC acquired a new position in Sociedad Química y Minera de Chile during the 2nd quarter worth approximately $647,000. Finally, Chase Investment Counsel Corp boosted its holdings in Sociedad Química y Minera de Chile by 20.0% in the 2nd quarter. Chase Investment Counsel Corp now owns 24,000 shares of the basic materials company’s stock worth $913,000 after acquiring an additional 4,000 shares during the period. Institutional investors and hedge funds own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Price Performance

Shares of NYSE SQM opened at $36.90 on Friday. The company has a current ratio of 2.19, a quick ratio of 1.47 and a debt-to-equity ratio of 0.59. The company has a market capitalization of $10.54 billion, a price-to-earnings ratio of 26.54 and a beta of 1.02. 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 business has a 50 day simple moving average of $37.60 and a 200-day simple moving average of $43.20.

Sociedad Química y Minera de Chile (NYSE:SQM) last released its earnings results on Wednesday, August 21st. The basic materials company reported $0.75 earnings per share for the quarter, missing the consensus estimate 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 the consensus estimate of $1.27 billion. During the same quarter in the previous year, the firm earned $2.03 EPS. As a group, equities research analysts expect that Sociedad Química y Minera de Chile S.A. will post -0.88 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SQM shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Sociedad Química y Minera de Chile from $45.00 to $36.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. BMO Capital Markets decreased their price objective on shares of Sociedad Química y Minera de Chile from $70.00 to $65.00 and set an “outperform” rating for the company in a research report on Friday, May 24th. Berenberg Bank initiated coverage on Sociedad Química y Minera de Chile in a research note on Wednesday, July 31st. They issued a “hold” rating and a $35.00 price target on the stock. The Goldman Sachs Group raised Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a report on Friday, August 9th. Finally, Bank of America dropped their price objective on Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating on the stock in a report on Wednesday, August 21st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and five 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 target price of $50.06.

Sociedad Química y Minera de Chile Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.