Raymond James Financial Services Advisors Inc. Cuts Stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Raymond James Financial Services Advisors Inc. reduced its stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQMFree Report) by 11.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 4,717 shares of the basic materials company’s stock after selling 583 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Sociedad Química y Minera de Chile were worth $284,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Electron Capital Partners LLC lifted its holdings in Sociedad Química y Minera de Chile by 354.2% during the third quarter. Electron Capital Partners LLC now owns 824,715 shares of the basic materials company’s stock valued at $49,211,000 after purchasing an additional 643,142 shares during the last quarter. Van ECK Associates Corp lifted its holdings in Sociedad Química y Minera de Chile by 127.3% during the third quarter. Van ECK Associates Corp now owns 1,070,851 shares of the basic materials company’s stock valued at $63,898,000 after purchasing an additional 599,728 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in Sociedad Química y Minera de Chile by 37.2% during the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,747,264 shares of the basic materials company’s stock valued at $104,259,000 after purchasing an additional 474,000 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Sociedad Química y Minera de Chile during the third quarter valued at about $25,750,000. Finally, Covalis Capital LLP lifted its holdings in Sociedad Química y Minera de Chile by 186.8% during the third quarter. Covalis Capital LLP now owns 513,642 shares of the basic materials company’s stock valued at $30,649,000 after purchasing an additional 334,560 shares during the last quarter. 12.41% of the stock is owned by hedge funds and other institutional investors.

Sociedad Química y Minera de Chile Stock Down 2.1 %

SQM stock opened at $44.03 on Tuesday. The company has a current ratio of 2.49, a quick ratio of 1.74 and a debt-to-equity ratio of 0.58. The company’s 50 day moving average is $47.01 and its 200 day moving average is $49.71. The stock has a market cap of $12.58 billion, a price-to-earnings ratio of 6.25 and a beta of 1.07. Sociedad Química y Minera de Chile S.A. has a 1-year low of $38.50 and a 1-year high of $81.50.

Sociedad Química y Minera de Chile (NYSE:SQMGet Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.51). Sociedad Química y Minera de Chile had a return on equity of 37.86% and a net margin of 26.95%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company posted $4.03 earnings per share. Sell-side analysts predict that Sociedad Química y Minera de Chile S.A. will post 4.18 EPS for the current fiscal year.

Analysts Set New Price Targets

SQM has been the topic of several recent research reports. JPMorgan Chase & Co. dropped their price objective on shares of Sociedad Química y Minera de Chile from $64.00 to $55.00 and set an “overweight” rating on the stock in a report on Tuesday, February 6th. BMO Capital Markets dropped their price objective on shares of Sociedad Química y Minera de Chile from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. Scotiabank dropped their price objective on shares of Sociedad Química y Minera de Chile from $80.00 to $70.00 and set a “sector outperform” rating on the stock in a report on Monday, March 4th. TheStreet cut Sociedad Química y Minera de Chile from a “b-” rating to a “c” rating in a research report on Friday, February 2nd. Finally, StockNews.com cut Sociedad Química y Minera de Chile from a “hold” rating to a “sell” rating in a research report on Monday, March 4th. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, Sociedad Química y Minera de Chile presently has an average rating of “Hold” and a consensus target price of $65.98.

Get Our Latest Stock Report on SQM

Sociedad Química y Minera de Chile Company Profile

(Free Report)

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.

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

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