Blue Trust Inc. increases its position in Sociedad Química y Minera de Chile SA (NYSE:SQM)

Blue Trust Inc. raised its stake in Sociedad Química y Minera de Chile SA (NYSE:SQM – Free Report) by 396.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 913 shares of the basic materials company’s stock after purchasing an additional 729 shares during the quarter. Holdings of Blue Trust Inc. in Sociedad Química y Minera de Chile were worth $37,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Headlands Technologies LLC bought a new position in shares of Sociedad Química y Minera de Chile in the first quarter valued at approximately $34,000. CWM LLC grew its holdings in Sociedad Química y Minera de Chile by 40.1% in the first quarter. CWM LLC now owns 790 shares of the basic materials company’s stock valued at $39,000 after purchasing an additional 226 shares during the last quarter. Accent Capital Management LLC acquired a new stake in shares of Sociedad Química y Minera de Chile in the fourth quarter valued at $47,000. EverSource Wealth Advisors LLC boosted its stake in Sociedad Química y Minera de Chile by 133.8% in the fourth quarter. EverSource Wealth Advisors LLC now owns 830 shares of the basic materials company’s stock worth $50,000 after acquiring an additional 475 shares during the last quarter. Finally, Whittier Trust Co. raised its position in shares of Sociedad Química y Minera de Chile by 6,315.8% in the first quarter. Whittier Trust Co. now owns 1,219 shares of the basic materials company’s stock valued at $60,000 after purchasing an additional 1,200 shares during the period. Institutional investors own 12.41% of the company’s shares.

Analyst upgrades and downgrades

A number of brokerages have issued reports on SQM. Bank of America cut their price target on Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating for the company in a research note on Wednesday. Deutsche Bank Aktiengesellschaft cut their price target on Sociedad Química y Minera de Chile from $45.00 to $36.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. BMO Capital Markets decreased their price target on Sociedad Química y Minera de Chile from $70.00 to $65.00 and set an “outperform” rating for the company in a research note on Friday, May 24th. Berenberg Bank assumed coverage on shares of Sociedad Química y Minera de Chile in a report on Wednesday, July 31st. They set a “hold” rating and a $35.00 price objective for the company. Finally, 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $56.43, based on data from MarketBeat.

See the latest stock report of Sociedad Química y Minera de Chile

The price performance of Sociedad Química y Minera de Chile

Shares of SQM stock opened at $38.65 on Friday. The company has a fifty day simple moving average of $39.13 and a two hundred day simple moving average of $43.98. Sociedad Química y Minera de Chile SA has a 52-week low of $32.24 and a 52-week high of $66.45. The company has a quick ratio of 1.61, a current ratio of 2.34, and a debt-to-equity ratio of 0.63. The firm has a market cap of $11.04 billion, a P/E ratio of 27.81, a price-to-earnings-growth ratio of 11.53 and a beta of 1.05.

Sociedad Química y Minera de Chile (NYSE:SQM – Get Your Free Report ) last posted its quarterly earnings results on Wednesday, August 21st. The basic materials company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.99 by ($0.24). Sociedad Química y Minera de Chile had a return on equity of 30.74% and a net margin of 6.25%. The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. In the same quarter last year, the business posted EPS of $2.03. Analysts anticipate that Sociedad Química y Minera de Chile SA will post 1.36 earnings per share for the current fiscal year.

About Sociedad Química y Minera de Chile

(Free report)

Sociedad Química y Minera de Chile SA manufactures 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 and potassium nitrate, specialty blends and other specialty fertilizers.

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