Barings LLC Sells 14,314 Shares of Sociedad Quimica y Minera S.A. $SQM

Barings LLC trimmed its position in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 43.1% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,861 shares of the basic materials company’s stock after selling 14,314 shares during the period. Barings LLC’s holdings in Sociedad Quimica y Minera were worth $665,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of SQM. SBI Securities Co. Ltd. increased its stake in Sociedad Quimica y Minera by 5.6% in the 2nd quarter. SBI Securities Co. Ltd. now owns 6,354 shares of the basic materials company’s stock worth $224,000 after buying an additional 335 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of Sociedad Quimica y Minera by 4.6% in the first quarter. Quantbot Technologies LP now owns 8,339 shares of the basic materials company’s stock worth $331,000 after acquiring an additional 364 shares during the period. US Bancorp DE grew its position in shares of Sociedad Quimica y Minera by 6.0% during the first quarter. US Bancorp DE now owns 9,315 shares of the basic materials company’s stock worth $370,000 after purchasing an additional 526 shares in the last quarter. Sprott Inc. raised its stake in 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 valued at $590,000 after purchasing an additional 548 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Sociedad Quimica y Minera by 153.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 969 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 586 shares in the last quarter. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Analysts Set New Price Targets

SQM has been the subject of a number of research analyst reports. Itau BBA Securities began coverage on shares of Sociedad Quimica y Minera in a report on Thursday, September 4th. They set an “outperform” rating and a $55.00 price objective for the company. Rothschild & Co Redburn began coverage on shares of Sociedad Quimica y Minera in a research note on Friday, October 24th. They set a “neutral” rating and a $54.00 target price for the company. Jefferies Financial Group reiterated a “hold” rating and issued a $50.00 price target (down from $53.00) on shares of Sociedad Quimica y Minera in a report on Monday, October 6th. Rothschild Redb raised shares of Sociedad Quimica y Minera to a “hold” rating in a report on Friday, October 24th. Finally, Zacks Research raised Sociedad Quimica y Minera from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $49.07.

Sociedad Quimica y Minera Price Performance

Sociedad Quimica y Minera stock opened at $59.61 on Friday. Sociedad Quimica y Minera S.A. has a 52-week low of $29.36 and a 52-week high of $64.60. The company has a quick ratio of 1.93, a current ratio of 2.92 and a debt-to-equity ratio of 0.70. The firm’s fifty day moving average is $46.93 and its 200 day moving average is $41.10. The company has a market cap of $17.03 billion, a price-to-earnings ratio of 35.69 and a beta of 1.14.

Sociedad Quimica y Minera (NYSE:SQM) last posted its earnings results on Tuesday, November 18th. The basic materials company reported $0.62 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.06). The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.14 billion. Sociedad Quimica y Minera had a return on equity of 9.09% and a net margin of 11.29%.The business’s quarterly revenue was up 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. Sell-side analysts forecast that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current fiscal 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.