Perigon Wealth Management LLC Cuts Stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Perigon Wealth Management LLC reduced its position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM – Get Rating) by 8.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,306 shares of the basic materials company’s stock after selling 310 shares during the quarter. Perigon Wealth Management LLC’s holdings in Sociedad Química y Minera de Chile were worth $300,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of SQM. Capital International Investors acquired a new stake in shares of Sociedad Química y Minera de Chile during the first quarter worth $184,773,000. State Street Corp lifted its stake in shares of Sociedad Química y Minera de Chile by 7.8% during the first quarter. State Street Corp now owns 1,498,233 shares of the basic materials company’s stock worth $128,249,000 after buying an additional 108,210 shares during the period. Alliancebernstein L.P. lifted its stake in shares of Sociedad Química y Minera de Chile by 18.9% during the third quarter. Alliancebernstein L.P. now owns 1,495,086 shares of the basic materials company’s stock worth $135,679,000 after buying an additional 238,115 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Sociedad Química y Minera de Chile by 59.8% during the second quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,269,678 shares of the basic materials company’s stock worth $106,056,000 after buying an additional 475,285 shares during the period. Finally, Renaissance Technologies LLC lifted its position in Sociedad Química y Minera de Chile by 314.0% during the second quarter. Renaissance Technologies LLC now owns 1,258,000 shares of the basic materials company’s stock valued at $105,081,000 after purchasing an additional 954,100 shares during the period. 18.42% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SQM. StockNews.com began coverage on shares of Sociedad Química y Minera de Chile in a research report on Thursday. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft decreased 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. Citigroup downgraded shares of Sociedad Química y Minera de Chile from a “buy” rating to a “neutral” rating and decreased their target price for the company from $112.00 to $92.00 in a research report on Thursday, December 15th. Finally, Scotiabank upgraded shares of Sociedad Química y Minera de Chile from a “sector perform” rating to a “sector outperform” rating in a research report on Thursday, March 2nd. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Sociedad Química y Minera de Chile currently has an average rating of “Moderate Buy” and an average target price of $95.60.

Sociedad Química y Minera de Chile Stock Up 1.9 %

SQM opened at $74.84 on Friday. Sociedad Química y Minera de Chile S.A. has a fifty-two week low of $69.75 and a fifty-two week high of $115.76. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.71 and a current ratio of 2.29. The company has a fifty day moving average of $87.65 and a two-hundred day moving average of $91.89. The stock has a market capitalization of $21.38 billion, a price-to-earnings ratio of 5.47, a PEG ratio of 0.36 and a beta of 0.97.

About Sociedad Química y Minera de Chile

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Sociedad Quimica y Minera de Chile SA engages in the production and distribution of fertilizers, potassium nitrate, iodine, and lithium chemicals. It operates through the following segments: Specialty Plant Nutrients, Iodine and Derivatives, Lithium and Derivatives, Industrial Chemicals, Potassium, and Other Products and Services.