Northwestern Mutual Wealth Management Co. Has $142,000 Holdings in Sociedad Quimica y Minera S.A. $SQM

Northwestern Mutual Wealth Management Co. boosted its position in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 93.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,562 shares of the basic materials company’s stock after buying an additional 1,718 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Sociedad Quimica y Minera were worth $142,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SQM. Sprott Inc. increased its holdings in shares of Sociedad Quimica y Minera by 3.8% during the 1st quarter. Sprott Inc. now owns 14,860 shares of the basic materials company’s stock worth $590,000 after purchasing an additional 548 shares during the period. Candriam S.C.A. bought a new position in shares of Sociedad Quimica y Minera during the 1st quarter worth about $4,032,000. Kopernik Global Investors LLC increased its holdings in shares of Sociedad Quimica y Minera by 4.2% during the 1st quarter. Kopernik Global Investors LLC now owns 1,523,668 shares of the basic materials company’s stock worth $60,535,000 after purchasing an additional 61,100 shares during the period. Quantbot Technologies LP increased its holdings in shares of Sociedad Quimica y Minera by 4.6% during the 1st quarter. Quantbot Technologies LP now owns 8,339 shares of the basic materials company’s stock worth $331,000 after purchasing an additional 364 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Sociedad Quimica y Minera by 17.9% during the 1st quarter. Northern Trust Corp now owns 346,259 shares of the basic materials company’s stock worth $13,757,000 after purchasing an additional 52,460 shares during the period. 12.41% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Sociedad Quimica y Minera from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Itau BBA Securities assumed coverage on shares of Sociedad Quimica y Minera in a report on Thursday. They set an “outperform” rating and a $55.00 price objective on the stock. Zacks Research upgraded shares of Sociedad Quimica y Minera from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. Bank of America boosted their price objective on shares of Sociedad Quimica y Minera from $36.50 to $43.50 and gave the stock an “underperform” rating in a report on Tuesday, August 26th. Finally, BMO Capital Markets boosted their price objective on shares of Sociedad Quimica y Minera from $45.00 to $55.00 and gave the stock an “outperform” rating in a report on Thursday, August 21st. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $45.08.

Sociedad Quimica y Minera Price Performance

Shares of Sociedad Quimica y Minera stock opened at $45.91 on Friday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.93 and a current ratio of 2.92. The firm’s 50-day simple moving average is $40.97 and its 200-day simple moving average is $37.94. Sociedad Quimica y Minera S.A. has a twelve month low of $29.36 and a twelve month high of $47.51. The firm has a market cap of $13.11 billion, a P/E ratio of 27.49 and a beta of 1.07.

Sociedad Quimica y Minera (NYSE:SQM) last announced its quarterly earnings results on Wednesday, August 20th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.21). Sociedad Quimica y Minera had a net margin of 11.29% and a return on equity of 9.09%. The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was down 19.4% on a year-over-year basis. As a group, research analysts expect that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current fiscal year.

Sociedad Quimica y Minera 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.