D.B. Root & Company LLC Raises Position in Sociedad Quimica y Minera S.A. $SQM

D.B. Root & Company LLC increased its stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 19.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 6,463 shares of the basic materials company’s stock after purchasing an additional 1,063 shares during the quarter. D.B. Root & Company LLC’s holdings in Sociedad Quimica y Minera were worth $228,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Brooklyn Investment Group raised its stake in shares of Sociedad Quimica y Minera by 61,700.0% in the first quarter. Brooklyn Investment Group now owns 618 shares of the basic materials company’s stock valued at $25,000 after buying an additional 617 shares during the period. Banque Cantonale Vaudoise purchased a new stake in Sociedad Quimica y Minera in the 1st quarter worth about $34,000. Farther Finance Advisors LLC raised its stake in Sociedad Quimica y Minera by 153.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 969 shares of the basic materials company’s stock valued at $34,000 after acquiring an additional 586 shares during the period. Grove Bank & Trust purchased a new stake in Sociedad Quimica y Minera during the first quarter valued at about $46,000. Finally, IFP Advisors Inc boosted its position in Sociedad Quimica y Minera by 728.0% during the first quarter. IFP Advisors Inc now owns 1,242 shares of the basic materials company’s stock worth $49,000 after purchasing an additional 1,092 shares during the period. 12.41% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on SQM shares. BMO Capital Markets boosted their price target on shares of Sociedad Quimica y Minera from $45.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, August 21st. Weiss Ratings reissued a “sell (d+)” rating on shares of Sociedad Quimica y Minera in a report on Saturday, September 27th. Zacks Research upgraded Sociedad Quimica y Minera from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Bank of America raised their price target on Sociedad Quimica y Minera from $36.50 to $43.50 and gave the stock an “underperform” rating in a report on Tuesday, August 26th. Finally, Itau BBA Securities began coverage on Sociedad Quimica y Minera in a research note on Thursday, September 4th. They set an “outperform” rating and a $55.00 price objective on the stock. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, Sociedad Quimica y Minera presently has an average rating of “Hold” and an average target price of $45.79.

Sociedad Quimica y Minera Stock Up 0.1%

SQM opened at $43.17 on Tuesday. The firm has a market capitalization of $12.33 billion, a P/E ratio of 25.85 and a beta of 1.08. Sociedad Quimica y Minera S.A. has a one year low of $29.36 and a one year high of $47.51. The company has a fifty day moving average price of $43.16 and a 200-day moving average price of $38.18. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.92 and a quick ratio of 1.93.

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

Sociedad Quimica y Minera 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.