Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Sold by Sigma Planning Corp

Sigma Planning Corp lessened its holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 68.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,730 shares of the basic materials company’s stock after selling 8,077 shares during the quarter. Sigma Planning Corp’s holdings in Sociedad Química y Minera de Chile were worth $225,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Avior Wealth Management LLC grew its stake in shares of Sociedad Química y Minera de Chile by 25.3% during the 4th quarter. Avior Wealth Management LLC now owns 1,253 shares of the basic materials company’s stock worth $75,000 after purchasing an additional 253 shares during the period. Blue Trust Inc. grew its stake in shares of Sociedad Química y Minera de Chile by 22.4% during the 4th quarter. Blue Trust Inc. now owns 1,414 shares of the basic materials company’s stock worth $84,000 after purchasing an additional 259 shares during the period. Toroso Investments LLC grew its stake in shares of Sociedad Química y Minera de Chile by 0.5% during the 3rd quarter. Toroso Investments LLC now owns 64,071 shares of the basic materials company’s stock worth $3,823,000 after purchasing an additional 338 shares during the period. IFP Advisors Inc grew its stake in shares of Sociedad Química y Minera de Chile by 44.4% during the 3rd quarter. IFP Advisors Inc now owns 1,539 shares of the basic materials company’s stock worth $92,000 after purchasing an additional 473 shares during the period. Finally, Richard P Slaughter Associates Inc grew its stake in shares of Sociedad Química y Minera de Chile by 2.1% during the 4th quarter. Richard P Slaughter Associates Inc now owns 23,647 shares of the basic materials company’s stock worth $1,424,000 after purchasing an additional 493 shares during the period. Institutional investors and hedge funds own 12.41% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SQM. StockNews.com lowered Sociedad Química y Minera de Chile from a “hold” rating to a “sell” rating in a research report on Monday, March 4th. Scotiabank decreased their target price on Sociedad Química y Minera de Chile from $80.00 to $70.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 4th. BMO Capital Markets decreased their target price on Sociedad Química y Minera de Chile from $75.00 to $70.00 and set an “outperform” rating on the stock in a research report on Friday, March 1st. The Goldman Sachs Group cut their target price on Sociedad Química y Minera de Chile from $54.50 to $46.50 and set a “neutral” rating for the company in a research note on Tuesday, April 23rd. Finally, Jefferies Financial Group raised Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating and raised their target price for the stock from $52.00 to $62.80 in a research note on Monday, April 8th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $65.18.

Sociedad Química y Minera de Chile Stock Up 1.4 %

Shares of NYSE:SQM opened at $44.14 on Monday. The company has a market capitalization of $12.61 billion, a price-to-earnings ratio of 6.26 and a beta of 1.07. The company has a current ratio of 2.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.58. The business has a 50-day moving average price of $47.23 and a 200 day moving average price of $49.39. Sociedad Química y Minera de Chile S.A. has a 12-month low of $38.50 and a 12-month high of $81.50.

Sociedad Química y Minera de Chile (NYSE:SQM) last released its earnings results on Wednesday, February 28th. The basic materials company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.51). The firm 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 period in the prior year, the firm earned $4.03 earnings per share. Sell-side analysts expect that Sociedad Química y Minera de Chile S.A. will post 4.18 EPS for the current year.

Sociedad Química y Minera de Chile Profile

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.