Sociedad Quimica y Minera S.A. $SQM Position Trimmed by Rhumbline Advisers

Rhumbline Advisers decreased its position in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 3.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,901 shares of the basic materials company’s stock after selling 377 shares during the quarter. Rhumbline Advisers’ holdings in Sociedad Quimica y Minera were worth $393,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Jump Financial LLC bought a new stake in shares of Sociedad Quimica y Minera during the first quarter worth $309,000. FORA Capital LLC acquired a new stake in shares of Sociedad Quimica y Minera during the first quarter worth about $573,000. GAMMA Investing LLC raised its position in shares of Sociedad Quimica y Minera by 4,834.2% during the first quarter. GAMMA Investing LLC now owns 15,296 shares of the basic materials company’s stock worth $608,000 after purchasing an additional 14,986 shares during the period. CX Institutional bought a new position in shares of Sociedad Quimica y Minera during the first quarter worth about $74,000. Finally, Diversify Advisory Services LLC bought a new position in shares of Sociedad Quimica y Minera during the first quarter worth about $274,000. 12.41% of the stock is currently owned by institutional investors and hedge funds.

Sociedad Quimica y Minera Price Performance

Shares of NYSE SQM opened at $43.75 on Thursday. Sociedad Quimica y Minera S.A. has a 1-year low of $29.36 and a 1-year high of $47.51. The stock has a fifty day simple moving average of $42.55 and a two-hundred day simple moving average of $38.25. The company has a current ratio of 2.92, a quick ratio of 1.93 and a debt-to-equity ratio of 0.70. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of 26.19 and a beta of 1.07.

Sociedad Quimica y Minera (NYSE:SQM) last posted its quarterly earnings data 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 business 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 posted $0.75 EPS. Sociedad Quimica y Minera’s quarterly revenue was down 19.4% on a year-over-year basis. Analysts anticipate that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. BMO Capital Markets lifted their target price on Sociedad Quimica y Minera from $45.00 to $55.00 and gave the stock an “outperform” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. boosted their price target on Sociedad Quimica y Minera from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. 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 report on Friday, May 30th. Itau BBA Securities began coverage on Sociedad Quimica y Minera in a report on Thursday, September 4th. They issued an “outperform” rating and a $55.00 target price for the company. Finally, Bank of America upped their price target on Sociedad Quimica y Minera from $36.50 to $43.50 and gave the company an “underperform” rating in a research report on Tuesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $45.08.

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.