D.B. Root & Company LLC Invests $252,000 in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

D.B. Root & Company LLC purchased a new stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 6,938 shares of the basic materials company’s stock, valued at approximately $252,000.

Several other large investors have also recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. boosted its position in shares of Sociedad Química y Minera de Chile by 47.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,133 shares of the basic materials company’s stock valued at $87,000 after acquiring an additional 683 shares during the period. Signaturefd LLC grew its position in shares of Sociedad Química y Minera de Chile by 21.3% during the 3rd quarter. Signaturefd LLC now owns 2,500 shares of the basic materials company’s stock worth $104,000 after purchasing an additional 439 shares in the last quarter. Blue Trust Inc. increased its holdings in shares of Sociedad Química y Minera de Chile by 216.6% during the third quarter. Blue Trust Inc. now owns 2,891 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 1,978 shares during the period. MML Investors Services LLC acquired a new stake in shares of Sociedad Química y Minera de Chile in the third quarter valued at approximately $202,000. Finally, Credit Capital Investments LLC bought a new stake in shares of Sociedad Química y Minera de Chile in the third quarter valued at approximately $208,000. Institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Price Performance

SQM opened at $38.50 on Thursday. 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’s 50 day moving average is $38.45 and its 200-day moving average is $38.65. Sociedad Química y Minera de Chile S.A. has a 1-year low of $32.24 and a 1-year high of $51.90.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Scotiabank dropped their price objective on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a report on Monday, November 25th. Deutsche Bank Aktiengesellschaft dropped their price target on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a research note on Thursday, November 21st. JPMorgan Chase & Co. downgraded shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $44.00 in a research note on Friday, October 11th. Finally, StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday, November 21st. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $45.56.

About Sociedad Química y Minera de Chile

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.