BCS Wealth Management Purchases Shares of 6,100 Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

BCS Wealth Management acquired a new position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,100 shares of the basic materials company’s stock, valued at approximately $222,000.

Other hedge funds have also made changes to their positions in the company. abrdn plc raised its position in Sociedad Química y Minera de Chile by 2.7% in the third quarter. abrdn plc now owns 1,204,942 shares of the basic materials company’s stock valued at $49,668,000 after purchasing an additional 31,955 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in shares of Sociedad Química y Minera de Chile by 2.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 887,342 shares of the basic materials company’s stock valued at $36,984,000 after buying an additional 24,999 shares during the period. Dimensional Fund Advisors LP lifted its position in Sociedad Química y Minera de Chile by 2.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 488,456 shares of the basic materials company’s stock worth $19,921,000 after acquiring an additional 13,756 shares in the last quarter. Sei Investments Co. boosted its holdings in Sociedad Química y Minera de Chile by 4.9% in the 2nd quarter. Sei Investments Co. now owns 418,395 shares of the basic materials company’s stock worth $17,050,000 after acquiring an additional 19,649 shares during the period. Finally, State Street Corp grew its position in Sociedad Química y Minera de Chile by 8.9% in the third quarter. State Street Corp now owns 265,545 shares of the basic materials company’s stock valued at $11,068,000 after acquiring an additional 21,778 shares in the last quarter. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. JPMorgan Chase & Co. cut shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $55.00 to $44.00 in a research report on Friday, October 11th. StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday, November 21st. Scotiabank lowered their target price on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a research note on Monday, November 25th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a research note 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 data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $45.56.

Sociedad Química y Minera de Chile Stock Up 3.0 %

NYSE:SQM opened at $40.07 on Wednesday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. The company has a market capitalization of $11.45 billion, a price-to-earnings ratio of -36.10 and a beta of 1.03. Sociedad Química y Minera de Chile S.A. has a one year low of $32.24 and a one year high of $51.90. The stock has a 50-day simple moving average of $38.17 and a 200 day simple moving average of $38.69.

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.