Allspring Global Investments Holdings LLC Has $43.96 Million Stock Holdings in Sociedad Quimica y Minera S.A. $SQM

Allspring Global Investments Holdings LLC lowered its holdings in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 11.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 630,415 shares of the basic materials company’s stock after selling 79,930 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.22% of Sociedad Quimica y Minera worth $43,959,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC grew its stake in shares of Sociedad Quimica y Minera by 138.4% in the fourth quarter. GAMMA Investing LLC now owns 441 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 256 shares during the last quarter. Fulcrum Asset Management LLP bought a new position in Sociedad Quimica y Minera during the third quarter worth $43,000. Triumph Capital Management acquired a new position in Sociedad Quimica y Minera during the 3rd quarter valued at $49,000. Advisory Services Network LLC acquired a new position in Sociedad Quimica y Minera during the 3rd quarter valued at $62,000. Finally, State of Wyoming boosted its holdings in Sociedad Quimica y Minera by 96.1% in the 3rd quarter. State of Wyoming now owns 2,061 shares of the basic materials company’s stock valued at $89,000 after purchasing an additional 1,010 shares during the period. 12.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on SQM shares. HSBC upgraded shares of Sociedad Quimica y Minera to a “strong-buy” rating in a research report on Monday, January 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Sociedad Quimica y Minera in a research note on Friday, March 27th. UBS Group set a $79.00 target price on Sociedad Quimica y Minera in a research report on Wednesday, December 17th. Citigroup lowered Sociedad Quimica y Minera from a “buy” rating to a “neutral” rating and boosted their price target for the company from $51.00 to $74.00 in a research note on Friday, December 12th. Finally, Clarkson Capital reaffirmed a “neutral” rating and issued a $90.00 price target on shares of Sociedad Quimica y Minera in a report on Thursday, January 22nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $71.42.

Sociedad Quimica y Minera Price Performance

NYSE:SQM opened at $81.67 on Thursday. The company has a 50-day moving average of $75.95 and a 200-day moving average of $63.82. The company has a market capitalization of $23.33 billion, a price-to-earnings ratio of 39.84 and a beta of 0.95. Sociedad Quimica y Minera S.A. has a 52 week low of $29.36 and a 52 week high of $86.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.25 and a current ratio of 3.27.

Sociedad Quimica y Minera (NYSE:SQM) last issued its earnings results on Saturday, February 14th. The basic materials company reported $0.64 earnings per share for the quarter. Sociedad Quimica y Minera had a net margin of 12.85% and a return on equity of 9.69%. The business had revenue of $1.32 billion for the quarter. As a group, equities research analysts anticipate that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current fiscal year.

About Sociedad Quimica y Minera

Sociedad Química y Minera de Chile SA (NYSE: SQM) is a leading global producer of specialty chemicals and minerals headquartered in Santiago, Chile. The company focuses on the extraction and processing of key inputs for the agricultural, industrial and high‐tech sectors. Its core business activities include the mining of lithium, potassium and iodine, as well as the manufacture of value‐added products derived from these raw materials.

SQM’s product portfolio spans lithium carbonate and lithium hydroxide used in electric vehicle batteries and energy storage systems; potassium chloride and potassium nitrate fertilizers designed for precision agriculture; and iodine and its derivatives for pharmaceutical, food and electronics applications.