Wipfli Financial Advisors LLC Makes New Investment in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Wipfli Financial Advisors LLC acquired a new position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM – Get Rating) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 593 shares of the basic materials company’s stock, valued at approximately $55,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Private Capital Group LLC raised its stake in Sociedad Química y Minera de Chile by 15,400.0% in the 2nd quarter. Private Capital Group LLC now owns 310 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 308 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of Sociedad Química y Minera de Chile in the 3rd quarter valued at approximately $29,000. PenderFund Capital Management Ltd. acquired a new position in shares of Sociedad Química y Minera de Chile in the 2nd quarter valued at approximately $41,000. Koshinski Asset Management Inc. acquired a new position in shares of Sociedad Química y Minera de Chile in the 3rd quarter valued at approximately $375,000. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Sociedad Química y Minera de Chile in the 3rd quarter valued at approximately $44,000. Institutional investors and hedge funds own 18.42% of the company’s stock.

Sociedad Química y Minera de Chile Price Performance

SQM stock opened at $83.67 on Monday. The company has a 50 day simple moving average of $90.40 and a 200 day simple moving average of $93.68. The stock has a market cap of $23.90 billion, a price-to-earnings ratio of 7.76, a P/E/G ratio of 0.36 and a beta of 0.90. Sociedad Química y Minera de Chile S.A. has a 1 year low of $49.80 and a 1 year high of $115.76. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.12 and a quick ratio of 1.61.

Sociedad Química y Minera de Chile (NYSE:SQM – Get Rating) last posted its earnings results on Wednesday, November 16th. The basic materials company reported $3.85 earnings per share for the quarter, topping analysts’ consensus estimates of $3.40 by $0.45. Sociedad Química y Minera de Chile had a net margin of 35.53% and a return on equity of 83.91%. The firm had revenue of $2.96 billion for the quarter, compared to analyst estimates of $2.83 billion. Research analysts anticipate that Sociedad Química y Minera de Chile S.A. will post 13.4 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Citigroup cut shares of Sociedad Química y Minera de Chile from a “buy” rating to a “neutral” rating and dropped their target price for the company from $112.00 to $92.00 in a research report on Thursday, December 15th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Sociedad Química y Minera de Chile from $125.00 to $95.00 in a research report on Tuesday, January 10th. Finally, StockNews.com upgraded shares of Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating in a research report on Saturday, November 19th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, Sociedad Química y Minera de Chile presently has an average rating of “Hold” and a consensus target price of $96.67.

Sociedad Química y Minera de Chile Company Profile

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Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its 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.