Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC lifted its stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 8.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 20,882 shares of the basic materials company’s stock after acquiring an additional 1,577 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Sociedad Química y Minera de Chile were worth $759,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Kestra Investment Management LLC acquired a new position in shares of Sociedad Química y Minera de Chile in the 4th quarter worth approximately $39,000. Jones Financial Companies Lllp lifted its holdings in shares of Sociedad Química y Minera de Chile by 803.4% in the 4th quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 956 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of Sociedad Química y Minera de Chile in the 4th quarter worth approximately $68,000. Greenline Partners LLC acquired a new position in shares of Sociedad Química y Minera de Chile in the 4th quarter worth approximately $102,000. Finally, Signaturefd LLC lifted its holdings in shares of Sociedad Química y Minera de Chile by 18.1% in the 4th quarter. Signaturefd LLC now owns 2,953 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 453 shares during the last quarter. 12.41% of the stock is currently owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Price Performance

Shares of SQM opened at $34.03 on Wednesday. Sociedad Química y Minera de Chile S.A. has a fifty-two week low of $29.36 and a fifty-two week high of $46.40. The firm’s 50 day moving average price is $33.97 and its 200 day moving average price is $37.57. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74. The company has a market cap of $9.72 billion, a P/E ratio of -30.66, a PEG ratio of 5.00 and a beta of 1.04.

Sociedad Química y Minera de Chile (NYSE:SQM) last announced its quarterly earnings data on Wednesday, May 28th. The basic materials company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.63 by ($0.15). Sociedad Química y Minera de Chile had a negative net margin of 6.74% and a positive return on equity of 16.12%. The firm had revenue of $1.04 billion during the quarter, compared to analysts’ expectations of $1.05 billion. During the same period in the prior year, the company posted ($3.04) earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. On average, research analysts forecast that Sociedad Química y Minera de Chile S.A. will post -1.31 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on SQM shares. BMO Capital Markets decreased their price objective on shares of Sociedad Química y Minera de Chile from $55.00 to $45.00 and set an “outperform” rating on the stock in a report on Thursday, May 29th. Scotiabank cut their target price on shares of Sociedad Química y Minera de Chile from $50.00 to $45.00 and set a “sector outperform” rating on the stock in a research note on Friday, May 30th. Two investment 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. Based on data from MarketBeat, Sociedad Química y Minera de Chile presently has a consensus rating of “Hold” and an average price target of $41.86.

Sociedad Química y Minera de Chile Profile

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.