Atria Wealth Solutions Inc. Has $574,000 Stock Position in Sociedad Quimica y Minera S.A. (NYSE:SQM)

Atria Wealth Solutions Inc. decreased its stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 25.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,446 shares of the basic materials company’s stock after selling 4,829 shares during the period. Atria Wealth Solutions Inc.’s holdings in Sociedad Quimica y Minera were worth $574,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wells Fargo & Company MN lifted its position in Sociedad Quimica y Minera by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 79,047 shares of the basic materials company’s stock valued at $2,874,000 after purchasing an additional 821 shares during the period. Envestnet Asset Management Inc. lifted its position in Sociedad Quimica y Minera by 299.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 95,839 shares of the basic materials company’s stock valued at $3,485,000 after purchasing an additional 71,823 shares during the period. Bank of Montreal Can lifted its position in Sociedad Quimica y Minera by 3.6% during the 4th quarter. Bank of Montreal Can now owns 113,173 shares of the basic materials company’s stock valued at $4,115,000 after purchasing an additional 3,887 shares during the period. Raymond James Financial Inc. acquired a new position in Sociedad Quimica y Minera during the 4th quarter valued at about $261,000. Finally, Marshall Wace LLP lifted its position in Sociedad Quimica y Minera by 1,416.8% during the 4th quarter. Marshall Wace LLP now owns 141,214 shares of the basic materials company’s stock valued at $5,135,000 after purchasing an additional 131,904 shares during the period. Institutional investors and hedge funds own 12.41% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on SQM shares. BMO Capital Markets cut their target price on shares of Sociedad Quimica y Minera from $55.00 to $45.00 and set an “outperform” rating on the stock in a research report on Thursday, May 29th. Scotiabank lowered their price target on Sociedad Quimica y Minera from $50.00 to $45.00 and set a “sector outperform” rating for the company in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. upped their price target on Sociedad Quimica y Minera from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $42.50.

Sociedad Quimica y Minera Price Performance

Sociedad Quimica y Minera stock opened at $46.44 on Thursday. The stock’s 50 day moving average is $36.90 and its 200 day moving average is $37.18. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.88 and a quick ratio of 1.96. The firm has a market cap of $13.26 billion, a P/E ratio of 22.01 and a beta of 1.03. Sociedad Quimica y Minera S.A. has a one year low of $29.36 and a one year high of $47.39.

Sociedad Quimica y Minera (NYSE:SQM) last issued its quarterly earnings results on Wednesday, May 28th. The basic materials company reported $0.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.63 by ($0.15). Sociedad Quimica y Minera had a net margin of 13.45% and a return on equity of 11.71%. The business had revenue of $1.04 billion during the quarter, compared to analyst estimates of $1.05 billion. During the same period last year, the firm posted ($3.04) earnings per share. Sociedad Quimica y Minera’s quarterly revenue was down 4.4% compared to the same quarter last year. As a group, research analysts expect that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current year.

Sociedad Quimica y Minera Company 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.