Farther Finance Advisors LLC Grows Holdings in Sociedad Quimica y Minera S.A. $SQM

Farther Finance Advisors LLC increased its position in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 153.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 969 shares of the basic materials company’s stock after acquiring an additional 586 shares during the quarter. Farther Finance Advisors LLC’s holdings in Sociedad Quimica y Minera were worth $34,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC purchased a new stake in Sociedad Quimica y Minera during the 2nd quarter valued at approximately $67,759,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Sociedad Quimica y Minera by 6.5% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 22,140 shares of the basic materials company’s stock valued at $823,000 after acquiring an additional 1,346 shares during the last quarter. Strs Ohio bought a new position in shares of Sociedad Quimica y Minera during the 1st quarter valued at approximately $7,346,000. Everstar Asset Management LLC bought a new stake in Sociedad Quimica y Minera in the first quarter worth $429,000. Finally, Goldman Sachs Group Inc. lifted its position in Sociedad Quimica y Minera by 53.8% in the first quarter. Goldman Sachs Group Inc. now owns 358,646 shares of the basic materials company’s stock worth $14,249,000 after buying an additional 125,506 shares during the last quarter. 12.41% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages recently issued reports on SQM. BMO Capital Markets raised their price target on Sociedad Quimica y Minera from $45.00 to $55.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Weiss Ratings reissued a “sell (d+)” rating on shares of Sociedad Quimica y Minera in a report on Saturday, September 27th. Zacks Research raised Sociedad Quimica y Minera from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. JPMorgan Chase & Co. boosted their price target on Sociedad Quimica y Minera from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Finally, Itau BBA Securities started coverage on Sociedad Quimica y Minera in a report on Thursday, September 4th. They issued an “outperform” rating and a $55.00 price target for the company. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $45.79.

Sociedad Quimica y Minera Stock Performance

Shares of NYSE SQM opened at $43.41 on Wednesday. The stock has a fifty day moving average price of $43.25 and a two-hundred day moving average price of $38.22. 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 has a market cap of $12.40 billion, a P/E ratio of 26.00 and a beta of 1.08. Sociedad Quimica y Minera S.A. has a 1 year low of $29.36 and a 1 year high of $47.51.

Sociedad Quimica y Minera (NYSE:SQM) last issued its quarterly earnings results on Wednesday, August 20th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.21). The firm had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.08 billion. Sociedad Quimica y Minera had a net margin of 11.29% and a return on equity of 9.09%. The business’s revenue for the quarter was down 19.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 earnings per share. Research analysts forecast 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.