BNP Paribas Financial Markets Increases Stock Holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

BNP Paribas Financial Markets boosted its position in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 15.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,048 shares of the basic materials company’s stock after acquiring an additional 20,616 shares during the period. BNP Paribas Financial Markets’ holdings in Sociedad Química y Minera de Chile were worth $6,337,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of SQM. SG Americas Securities LLC grew its position in shares of Sociedad Química y Minera de Chile by 242.5% during the 2nd quarter. SG Americas Securities LLC now owns 37,977 shares of the basic materials company’s stock valued at $1,548,000 after purchasing an additional 26,889 shares in the last quarter. Unison Advisors LLC purchased a new stake in shares of Sociedad Química y Minera de Chile in the 2nd quarter valued at about $2,547,000. Sei Investments Co. boosted its position in shares of 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 last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Sociedad Química y Minera de Chile by 2.9% during the second 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 in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Sociedad Química y Minera de Chile in the second quarter valued at approximately $989,000. Institutional investors own 12.41% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on SQM shares. Scotiabank decreased their price target on shares of 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. Jefferies Financial Group reduced their price objective on Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating on the stock in a research report on Monday, August 26th. StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. The Goldman Sachs Group raised shares of Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a report on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $45.56.

Sociedad Química y Minera de Chile Stock Performance

NYSE:SQM opened at $39.84 on Tuesday. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74. The firm’s fifty day simple moving average is $39.68 and its 200 day simple moving average is $40.25. The stock has a market cap of $11.38 billion, a P/E ratio of -34.41 and a beta of 1.03. Sociedad Química y Minera de Chile S.A. has a twelve month low of $32.24 and a twelve month high of $64.62.

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.