abrdn plc Has $151.92 Million Holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

abrdn plc reduced its stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,522,791 shares of the basic materials company’s stock after selling 120,285 shares during the quarter. abrdn plc owned 0.88% of Sociedad Química y Minera de Chile worth $151,922,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Sociedad Química y Minera de Chile in the 1st quarter valued at $346,000. American Century Companies Inc. raised its stake in shares of Sociedad Química y Minera de Chile by 48.9% in the 1st quarter. American Century Companies Inc. now owns 10,730 shares of the basic materials company’s stock valued at $918,000 after buying an additional 3,526 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its stake in shares of Sociedad Química y Minera de Chile by 17.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,471 shares of the basic materials company’s stock valued at $982,000 after buying an additional 1,694 shares in the last quarter. Cibc World Market Inc. raised its stake in shares of Sociedad Química y Minera de Chile by 44.8% in the 1st quarter. Cibc World Market Inc. now owns 5,814 shares of the basic materials company’s stock valued at $498,000 after buying an additional 1,799 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Sociedad Química y Minera de Chile by 8.0% in the 1st quarter. Vanguard Group Inc. now owns 938,593 shares of the basic materials company’s stock valued at $80,344,000 after buying an additional 69,385 shares in the last quarter. 12.41% of the stock is currently owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Price Performance

NYSE:SQM traded down $0.82 during mid-day trading on Friday, reaching $44.99. 1,463,877 shares of the company were exchanged, compared to its average volume of 940,945. Sociedad Química y Minera de Chile S.A. has a 12 month low of $38.50 and a 12 month high of $81.50. The company has a fifty day moving average of $46.96 and a 200 day moving average of $49.84. The company has a quick ratio of 1.74, a current ratio of 2.49 and a debt-to-equity ratio of 0.58. The stock has a market cap of $12.85 billion, a PE ratio of 6.38 and a beta of 1.07.

Sociedad Química y Minera de Chile (NYSE:SQM) last issued its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.71 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $1.36 billion. During the same period in the prior year, the company earned $4.03 EPS. On average, research analysts anticipate that Sociedad Química y Minera de Chile S.A. will post 4.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Sociedad Química y Minera de Chile from $48.00 to $42.00 and set a “hold” rating for the company in a research note on Friday. Scotiabank lowered their target price 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 lowered shares of Sociedad Química y Minera de Chile from a “b-” rating to a “c” rating in a report on Friday, February 2nd. StockNews.com lowered shares of Sociedad Química y Minera de Chile from a “hold” rating to a “sell” rating in a report on Monday, March 4th. Finally, BMO Capital Markets lowered their target price 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $65.98.

About Sociedad Química y Minera de Chile

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.