Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Bought by Avior Wealth Management LLC

Avior Wealth Management LLC boosted its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 104.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,128 shares of the basic materials company’s stock after acquiring an additional 1,085 shares during the period. Avior Wealth Management LLC’s holdings in Sociedad Química y Minera de Chile were worth $77,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. abrdn plc raised its position in shares of Sociedad Química y Minera de Chile by 2.7% in the third quarter. abrdn plc now owns 1,204,942 shares of the basic materials company’s stock valued at $49,668,000 after buying an additional 31,955 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position 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 valued at $36,984,000 after buying an additional 24,999 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Sociedad Química y Minera de Chile by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 488,456 shares of the basic materials company’s stock worth $19,921,000 after purchasing an additional 13,756 shares during the last quarter. State Street Corp increased its position in Sociedad Química y Minera de Chile by 8.9% during the third quarter. State Street Corp now owns 265,545 shares of the basic materials company’s stock worth $11,068,000 after purchasing an additional 21,778 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in Sociedad Química y Minera de Chile by 15.7% during the third quarter. BNP Paribas Financial Markets now owns 152,048 shares of the basic materials company’s stock worth $6,337,000 after purchasing an additional 20,616 shares during the last quarter. Institutional investors and hedge funds own 12.41% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their price target 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 research 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 dropped their price target for the stock from $55.00 to $44.00 in a research report on Friday, October 11th. Scotiabank dropped their price target on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a research report on Monday, November 25th. Finally, StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $45.56.

Sociedad Química y Minera de Chile Price Performance

SQM opened at $38.96 on Wednesday. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74. Sociedad Química y Minera de Chile S.A. has a 52-week low of $32.24 and a 52-week high of $51.90. The company has a 50 day moving average of $38.49 and a two-hundred day moving average of $38.55. The company has a market cap of $11.13 billion, a P/E ratio of -35.10, a P/E/G ratio of 5.20 and a beta of 1.03.

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.