Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D trimmed its stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 19.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,599 shares of the basic materials company’s stock after selling 12,175 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Sociedad Química y Minera de Chile were worth $1,876,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Creative Planning lifted its position in Sociedad Química y Minera de Chile by 63.8% in the third quarter. Creative Planning now owns 18,516 shares of the basic materials company’s stock worth $772,000 after purchasing an additional 7,209 shares during the period. Blue Trust Inc. raised its stake in shares of Sociedad Química y Minera de Chile by 216.6% in the 3rd quarter. Blue Trust Inc. now owns 2,891 shares of the basic materials company’s stock worth $118,000 after buying an additional 1,978 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Sociedad Química y Minera de Chile by 21.3% in the third quarter. Signaturefd LLC now owns 2,500 shares of the basic materials company’s stock valued at $104,000 after buying an additional 439 shares during the period. International Assets Investment Management LLC acquired a new position in Sociedad Química y Minera de Chile during the third quarter worth about $973,000. Finally, Ballentine Partners LLC bought a new stake in Sociedad Química y Minera de Chile in the third quarter worth about $215,000. 12.41% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SQM has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reduced their price objective 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. StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a “sell” rating in a research report 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 research report on Monday, November 25th. Two 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’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $45.56.

Sociedad Química y Minera de Chile Stock Up 0.2 %

Shares of NYSE:SQM opened at $39.74 on Tuesday. The firm has a 50 day simple moving average of $38.60 and a 200 day simple moving average of $38.70. 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 debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. The company has a market cap of $11.35 billion, a PE ratio of -35.80, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04.

About Sociedad Química y Minera de Chile

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.