Allspring Global Investments Holdings LLC Has $46.05 Million Stake in Sociedad Quimica y Minera S.A. $SQM

Allspring Global Investments Holdings LLC cut its position in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 10.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 562,875 shares of the basic materials company’s stock after selling 67,540 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Sociedad Quimica y Minera were worth $46,054,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Signaturefd LLC raised its holdings in Sociedad Quimica y Minera by 37.0% in the 4th quarter. Signaturefd LLC now owns 656 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 177 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in shares of Sociedad Quimica y Minera by 5.9% during the 1st quarter. Sequoia Financial Advisors LLC now owns 3,767 shares of the basic materials company’s stock worth $305,000 after purchasing an additional 210 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Sociedad Quimica y Minera by 138.4% during the 4th quarter. GAMMA Investing LLC now owns 441 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 256 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Sociedad Quimica y Minera by 1.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,363 shares of the basic materials company’s stock valued at $988,000 after purchasing an additional 257 shares during the period. Finally, Global Retirement Partners LLC increased its position in shares of Sociedad Quimica y Minera by 45.9% during the fourth quarter. Global Retirement Partners LLC now owns 1,122 shares of the basic materials company’s stock valued at $77,000 after purchasing an additional 353 shares during the period. 12.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on SQM shares. CLSA upgraded shares of Sociedad Quimica y Minera to an “outperform” rating in a research note on Tuesday, June 2nd. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Sociedad Quimica y Minera from $105.00 to $98.00 and set a “buy” rating for the company in a research report on Tuesday, July 14th. Zacks Research downgraded Sociedad Quimica y Minera from a “strong-buy” rating to a “hold” rating in a report on Monday, March 23rd. Wall Street Zen upgraded Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Sociedad Quimica y Minera in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $74.58.

Sociedad Quimica y Minera Stock Up 5.0%

Shares of SQM opened at $69.67 on Friday. The company has a market capitalization of $19.90 billion, a P/E ratio of 24.45, a PEG ratio of 0.19 and a beta of 0.97. Sociedad Quimica y Minera S.A. has a one year low of $35.67 and a one year high of $98.00. The business’s 50 day simple moving average is $78.41 and its 200-day simple moving average is $78.75. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.76 and a quick ratio of 2.01.

Sociedad Quimica y Minera (NYSE:SQM) last announced its earnings results on Saturday, May 16th. The basic materials company reported $1.28 EPS for the quarter. Sociedad Quimica y Minera had a return on equity of 11.99% and a net margin of 15.38%.The company had revenue of $1.76 billion for the quarter. As a group, sell-side analysts predict that Sociedad Quimica y Minera S.A. will post 7.28 EPS for the current fiscal year.

Sociedad Quimica y Minera Company Profile

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.