Fmr LLC Raises Stock Holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Fmr LLC boosted its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 1,076.3% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 18,726 shares of the basic materials company’s stock after purchasing an additional 17,134 shares during the quarter. Fmr LLC’s holdings in Sociedad Química y Minera de Chile were worth $781,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC grew its position in shares of Sociedad Química y Minera de Chile by 3.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,037 shares of the basic materials company’s stock worth $531,000 after buying an additional 401 shares in the last quarter. Blue Trust Inc. boosted its stake in Sociedad Química y Minera de Chile by 396.2% during the 2nd quarter. Blue Trust Inc. now owns 913 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 729 shares during the last quarter. Private Advisory Group LLC grew its holdings in Sociedad Química y Minera de Chile by 4.7% during the 2nd quarter. Private Advisory Group LLC now owns 65,568 shares of the basic materials company’s stock worth $2,672,000 after acquiring an additional 2,943 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Sociedad Química y Minera de Chile by 9.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,482 shares of the basic materials company’s stock valued at $223,000 after purchasing an additional 464 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Sociedad Química y Minera de Chile by 1.8% during the second quarter. Allspring Global Investments Holdings LLC now owns 862,343 shares of the basic materials company’s stock worth $35,140,000 after purchasing an additional 15,604 shares during the last quarter. 12.41% of the stock is owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Stock Performance

SQM opened at $37.94 on Wednesday. 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 business’s 50 day moving average is $39.18 and its 200-day moving average is $39.47. The stock has a market cap of $10.84 billion, a PE ratio of -34.18 and a beta of 1.03. Sociedad Química y Minera de Chile S.A. has a twelve month low of $32.24 and a twelve month high of $64.62.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Scotiabank lowered 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. StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday, November 21st. JPMorgan Chase & Co. lowered shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $55.00 to $44.00 in a report on Friday, October 11th. Bank of America dropped their price objective 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 note on Wednesday, August 21st. Finally, Jefferies Financial Group decreased their target price on Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating for the company in a research note on Monday, August 26th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price 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.