Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Position Increased by abrdn plc

abrdn plc lifted its position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 2.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,204,942 shares of the basic materials company’s stock after acquiring an additional 31,955 shares during the period. abrdn plc owned about 0.42% of Sociedad Química y Minera de Chile worth $49,668,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Headlands Technologies LLC purchased a new position in Sociedad Química y Minera de Chile during the 1st quarter worth approximately $34,000. Blue Trust Inc. grew its holdings in shares of Sociedad Química y Minera de Chile by 396.2% during the second quarter. Blue Trust Inc. now owns 913 shares of the basic materials company’s stock valued at $37,000 after buying an additional 729 shares in the last quarter. Whittier Trust Co. raised its position in Sociedad Química y Minera de Chile by 6,315.8% during the first quarter. Whittier Trust Co. now owns 1,219 shares of the basic materials company’s stock valued at $60,000 after buying an additional 1,200 shares during the period. Signaturefd LLC lifted its stake in Sociedad Química y Minera de Chile by 204.9% in the 2nd quarter. Signaturefd LLC now owns 2,061 shares of the basic materials company’s stock worth $84,000 after acquiring an additional 1,385 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Sociedad Química y Minera de Chile by 47.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,133 shares of the basic materials company’s stock worth $87,000 after acquiring an additional 683 shares during the period. Institutional investors and hedge funds own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Stock Performance

NYSE SQM opened at $38.68 on Thursday. The company’s fifty day moving average is $39.21 and its two-hundred day moving average is $41.52. The firm has a market capitalization of $11.05 billion, a price-to-earnings ratio of 351.59 and a beta of 1.02. The company has a debt-to-equity ratio of 0.59, a current ratio of 2.19 and a quick ratio of 1.47. Sociedad Química y Minera de Chile S.A. has a 52-week low of $32.24 and a 52-week high of $64.62.

Sociedad Química y Minera de Chile (NYSE:SQM) last issued its quarterly earnings results on Wednesday, August 21st. The basic materials company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.99 by ($0.24). Sociedad Química y Minera de Chile had a net margin of 0.48% and a return on equity of 23.15%. The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same quarter in the prior year, the firm earned $2.03 earnings per share. Equities research analysts forecast that Sociedad Química y Minera de Chile S.A. will post -0.92 EPS for the current year.

Wall Street Analyst Weigh In

SQM has been the subject of a number of research analyst reports. Berenberg Bank initiated coverage on shares of Sociedad Química y Minera de Chile in a research report on Wednesday, July 31st. They issued a “hold” rating and a $35.00 price target for the company. The Goldman Sachs Group upgraded shares of Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a research report on Friday, August 9th. Bank of America lowered their price target on shares of Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating on the stock in a report on Wednesday, August 21st. Jefferies Financial Group cut their price objective on Sociedad Química y Minera de Chile from $62.80 to $55.00 and set a “buy” rating for the company in a report on Monday, August 26th. Finally, JPMorgan Chase & Co. lowered Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $55.00 to $44.00 in a report on Friday, October 11th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $48.69.

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.