Sociedad Quimica y Minera S.A. $SQM Shares Sold by Boston Partners

Boston Partners cut its holdings in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 70.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,305 shares of the basic materials company’s stock after selling 129,052 shares during the period. Boston Partners’ holdings in Sociedad Quimica y Minera were worth $1,951,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of SQM. Brooklyn Investment Group lifted its stake in shares of Sociedad Quimica y Minera by 61,700.0% in the first quarter. Brooklyn Investment Group now owns 618 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 617 shares in the last quarter. Banque Cantonale Vaudoise acquired a new stake in Sociedad Quimica y Minera during the 1st quarter valued at approximately $34,000. Farther Finance Advisors LLC increased its holdings in Sociedad Quimica y Minera by 153.0% during 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 during the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in shares of Sociedad Quimica y Minera in the 1st quarter valued at approximately $105,000. Finally, National Bank of Canada FI raised its position in shares of Sociedad Quimica y Minera by 55.9% in the 1st quarter. National Bank of Canada FI now owns 2,915 shares of the basic materials company’s stock valued at $116,000 after purchasing an additional 1,045 shares in the last quarter. 12.41% of the stock is owned by hedge funds and other institutional investors.

Sociedad Quimica y Minera Stock Performance

Sociedad Quimica y Minera stock opened at $64.66 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.92 and a quick ratio of 1.93. Sociedad Quimica y Minera S.A. has a 12 month low of $29.36 and a 12 month high of $65.65. The company has a fifty day moving average price of $48.82 and a two-hundred day moving average price of $42.05. The company has a market cap of $18.47 billion, a PE ratio of 38.72 and a beta of 1.14.

Sociedad Quimica y Minera (NYSE:SQM) last issued 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). Sociedad Quimica y Minera had a return on equity of 9.09% and a net margin of 11.29%.The business had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.14 billion. During the same period last year, the company posted $0.46 earnings per share. The firm’s revenue for the quarter was up 8.9% on a year-over-year basis. Research analysts expect that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of Sociedad Quimica y Minera in a research report on Wednesday, November 19th. Jefferies Financial Group reiterated a “hold” rating and set a $50.00 price objective (down from $53.00) on shares of Sociedad Quimica y Minera in a research note on Monday, October 6th. Rothschild & Co Redburn initiated coverage on shares of Sociedad Quimica y Minera in a report on Friday, October 24th. They set a “neutral” rating and a $54.00 price objective for the company. Itau BBA Securities assumed coverage on shares of Sociedad Quimica y Minera in a research report on Thursday, September 4th. They issued an “outperform” rating and a $55.00 target price for the company. Finally, Bank of America increased their price target on shares of Sociedad Quimica y Minera from $36.50 to $43.50 and gave the stock an “underperform” rating in a research report on Tuesday, August 26th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $49.07.

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.