Crossmark Global Holdings Inc. Sells 14,665 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Crossmark Global Holdings Inc. trimmed its holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 6.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 219,101 shares of the basic materials company’s stock after selling 14,665 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Sociedad Química y Minera de Chile were worth $7,966,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. FMR LLC boosted its position in Sociedad Química y Minera de Chile by 1,076.3% during the third quarter. FMR LLC now owns 18,726 shares of the basic materials company’s stock valued at $781,000 after buying an additional 17,134 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Sociedad Química y Minera de Chile by 15.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 152,048 shares of the basic materials company’s stock valued at $6,337,000 after acquiring an additional 20,616 shares during the last quarter. Sei Investments Co. boosted its holdings in Sociedad Química y Minera de Chile by 4.9% during the 2nd quarter. Sei Investments Co. now owns 418,395 shares of the basic materials company’s stock valued at $17,050,000 after acquiring an additional 19,649 shares during the period. Mirabella Financial Services LLP bought a new position in Sociedad Química y Minera de Chile during the 3rd quarter worth approximately $1,116,000. Finally, Dimensional Fund Advisors LP increased its stake in Sociedad Química y Minera de Chile by 2.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 488,456 shares of the basic materials company’s stock worth $19,921,000 after purchasing an additional 13,756 shares during the period. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Stock Down 0.6 %

SQM stock opened at $39.93 on Wednesday. The company has a market capitalization of $11.40 billion, a price-to-earnings ratio of -35.97, a price-to-earnings-growth ratio of 5.42 and a beta of 1.03. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. The business’s 50 day moving average price is $38.45 and its two-hundred day moving average price is $38.65. Sociedad Química y Minera de Chile S.A. has a fifty-two week low of $32.24 and a fifty-two week high of $51.90.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SQM. Deutsche Bank Aktiengesellschaft cut their target price on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. JPMorgan Chase & Co. cut shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $55.00 to $44.00 in a research report on Friday, October 11th. StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday, November 21st. Finally, Scotiabank reduced their price target on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating on the stock in a report on Monday, November 25th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Sociedad Química y Minera de Chile presently has a consensus rating of “Hold” and a consensus target price of $45.56.

Sociedad Química y Minera de Chile 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.