164,128 Shares in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Purchased by Wellington Management Group LLP

Wellington Management Group LLP acquired a new position in Sociedad Química y Minera de Chile S.A. (NYSE:SQMFree Report) in the 3rd quarter, Holdings Channel reports. The institutional investor acquired 164,128 shares of the basic materials company’s stock, valued at approximately $9,794,000.

Several other institutional investors have also bought and sold shares of the stock. Fortis Capital Advisors LLC acquired a new stake in Sociedad Química y Minera de Chile in the 4th quarter valued at about $26,000. First Capital Advisors Group LLC. acquired a new stake in Sociedad Química y Minera de Chile in the 2nd quarter valued at about $26,000. Penserra Capital Management LLC acquired a new stake in Sociedad Química y Minera de Chile in the 1st quarter valued at about $47,000. Money Concepts Capital Corp acquired a new stake in Sociedad Química y Minera de Chile in the 4th quarter valued at about $52,000. Finally, Sunbelt Securities Inc. acquired a new stake in Sociedad Química y Minera de Chile in the 1st quarter valued at about $55,000. Institutional investors and hedge funds own 14.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SQM. JPMorgan Chase & Co. cut their price target on shares of Sociedad Química y Minera de Chile from $64.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft cut their price objective on Sociedad Química y Minera de Chile from $52.00 to $48.00 and set a “hold” rating on the stock in a report on Friday, March 1st. Scotiabank cut their price objective on Sociedad Química y Minera de Chile from $80.00 to $70.00 and set a “sector outperform” rating on the stock in a report on Monday, March 4th. StockNews.com downgraded Sociedad Química y Minera de Chile from a “hold” rating to a “sell” rating in a report on Monday, March 4th. Finally, BMO Capital Markets cut their price objective on Sociedad Química y Minera de Chile from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Sociedad Química y Minera de Chile has a consensus rating of “Hold” and a consensus target price of $67.00.

Check Out Our Latest Analysis on SQM

Sociedad Química y Minera de Chile Price Performance

Shares of SQM opened at $47.97 on Monday. The company has a market capitalization of $13.70 billion, a price-to-earnings ratio of 6.80 and a beta of 1.07. Sociedad Química y Minera de Chile S.A. has a fifty-two week low of $38.50 and a fifty-two week high of $85.52. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.49 and a quick ratio of 1.74. The business’s 50-day moving average is $45.69 and its 200-day moving average is $51.19.

Sociedad Química y Minera de Chile (NYSE:SQMGet Free Report) last issued its earnings results on Wednesday, February 28th. The basic materials company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.51). The business had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.36 billion. Sociedad Química y Minera de Chile had a net margin of 26.95% and a return on equity of 37.86%. During the same quarter in the prior year, the company earned $4.03 EPS. Equities research analysts expect that Sociedad Química y Minera de Chile S.A. will post 3.81 EPS for the current fiscal year.

About Sociedad Química y Minera de Chile

(Free Report)

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

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Institutional Ownership by Quarter for Sociedad Química y Minera de Chile (NYSE:SQM)

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