Sociedad Quimica y Minera S.A. $SQM Shares Bought by Saturna Capital Corp

Saturna Capital Corp increased its stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 62.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 80,407 shares of the basic materials company’s stock after acquiring an additional 31,000 shares during the period. Saturna Capital Corp’s holdings in Sociedad Quimica y Minera were worth $2,836,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Integrated Quantitative Investments LLC acquired a new position in shares of Sociedad Quimica y Minera in the 2nd quarter valued at $1,678,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Sociedad Quimica y Minera during the 2nd quarter worth about $32,432,000. Cetera Investment Advisers increased its position in Sociedad Quimica y Minera by 20.4% during the 2nd quarter. Cetera Investment Advisers now owns 20,886 shares of the basic materials company’s stock worth $737,000 after purchasing an additional 3,545 shares in the last quarter. SG Americas Securities LLC raised its holdings in Sociedad Quimica y Minera by 104.9% in the second quarter. SG Americas Securities LLC now owns 27,080 shares of the basic materials company’s stock valued at $955,000 after buying an additional 13,865 shares during the period. Finally, KBC Group NV lifted its position in Sociedad Quimica y Minera by 5.4% during the second quarter. KBC Group NV now owns 118,007 shares of the basic materials company’s stock valued at $4,162,000 after buying an additional 6,087 shares in the last quarter. Institutional investors and hedge funds own 12.41% of the company’s stock.

Analyst Upgrades and Downgrades

SQM has been the subject of several recent research reports. Jefferies Financial Group reissued a “hold” rating and issued a $50.00 price objective (down previously from $53.00) on shares of Sociedad Quimica y Minera in a research report on Monday, October 6th. Zacks Research upgraded Sociedad Quimica y Minera from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Rothschild Redb upgraded Sociedad Quimica y Minera to a “hold” rating in a report on Friday, October 24th. Weiss Ratings raised shares of Sociedad Quimica y Minera from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, November 13th. Finally, Bank of America boosted their target price 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 research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Sociedad Quimica y Minera presently has an average rating of “Hold” and a consensus target price of $46.81.

Sociedad Quimica y Minera Stock Performance

Shares of SQM opened at $59.37 on Wednesday. The business’s 50 day moving average is $45.79 and its two-hundred day moving average is $40.57. Sociedad Quimica y Minera S.A. has a 52-week low of $29.36 and a 52-week high of $61.95. The firm has a market cap of $16.96 billion, a price-to-earnings ratio of 35.55 and a beta of 1.14. The company has a quick ratio of 1.93, a current ratio of 2.92 and a debt-to-equity ratio of 0.70.

Sociedad Quimica y Minera (NYSE:SQM) last posted its quarterly earnings data on Wednesday, August 20th. The basic materials company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.21). The company had revenue of $1.04 billion for the quarter, compared to the consensus estimate of $1.08 billion. Sociedad Quimica y Minera had a net margin of 11.29% and a return on equity of 9.09%. The company’s revenue was down 19.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.75 earnings per share. Analysts forecast that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current fiscal year.

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.