Commonwealth Equity Services LLC Increases Stake in Sociedad Quimica y Minera de Chile (NYSE:SQM)

Commonwealth Equity Services LLC increased its stake in Sociedad Quimica y Minera de Chile (NYSE:SQM) by 7.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,304 shares of the basic materials company’s stock after purchasing an additional 681 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Sociedad Quimica y Minera de Chile were worth $394,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Daiwa Securities Group Inc. acquired a new position in Sociedad Quimica y Minera de Chile during the fourth quarter valued at $38,000. Virtus ETF Advisers LLC grew its stake in Sociedad Quimica y Minera de Chile by 145.2% during the fourth quarter. Virtus ETF Advisers LLC now owns 1,736 shares of the basic materials company’s stock worth $66,000 after buying an additional 1,028 shares during the period. Federated Investors Inc. PA purchased a new stake in Sociedad Quimica y Minera de Chile during the third quarter worth approximately $70,000. Lavaca Capital LLC purchased a new stake in Sociedad Quimica y Minera de Chile during the fourth quarter worth approximately $76,000. Finally, Financial Gravity Companies Inc. purchased a new stake in Sociedad Quimica y Minera de Chile during the fourth quarter worth approximately $112,000. 11.10% of the stock is currently owned by institutional investors.

Several equities research analysts have issued reports on SQM shares. Zacks Investment Research downgraded shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Wednesday, February 13th. Citigroup downgraded shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $53.00 to $41.00 in a research note on Tuesday, March 5th. Deutsche Bank downgraded shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Monday, February 25th. TheStreet downgraded shares of Sociedad Quimica y Minera de Chile from a “b-” rating to a “c” rating in a research note on Tuesday, March 19th. Finally, Morgan Stanley reiterated an “underweight” rating and set a $35.00 price objective (down from $44.00) on shares of Sociedad Quimica y Minera de Chile in a research note on Friday, April 12th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. Sociedad Quimica y Minera de Chile has a consensus rating of “Hold” and an average target price of $45.43.

Shares of Sociedad Quimica y Minera de Chile stock traded down $0.50 during trading on Friday, hitting $38.08. 631,301 shares of the stock were exchanged, compared to its average volume of 554,105. The firm has a market capitalization of $10.02 billion, a P/E ratio of 22.80, a P/E/G ratio of 1.58 and a beta of 1.08. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.67 and a current ratio of 4.32. Sociedad Quimica y Minera de Chile has a 12 month low of $36.57 and a 12 month high of $58.69.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last released its quarterly earnings results on Thursday, February 28th. The basic materials company reported $0.41 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.03). The firm had revenue of $565.20 million for the quarter, compared to the consensus estimate of $560.66 million. Sociedad Quimica y Minera de Chile had a return on equity of 20.29% and a net margin of 19.41%. As a group, sell-side analysts forecast that Sociedad Quimica y Minera de Chile will post 1.59 earnings per share for the current year.

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Sociedad Quimica y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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Institutional Ownership by Quarter for Sociedad Quimica y Minera de Chile (NYSE:SQM)

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