D.B. Root & Company LLC Purchases 1,063 Shares of Sociedad Quimica y Minera S.A. $SQM

D.B. Root & Company LLC grew its position in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 19.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,463 shares of the basic materials company’s stock after acquiring an additional 1,063 shares during the quarter. D.B. Root & Company LLC’s holdings in Sociedad Quimica y Minera were worth $228,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of SQM. Brooklyn Investment Group grew its position in Sociedad Quimica y Minera by 61,700.0% in the 1st quarter. Brooklyn Investment Group now owns 618 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 617 shares during the period. Banque Cantonale Vaudoise acquired a new position in shares of Sociedad Quimica y Minera during the first quarter valued at about $34,000. Farther Finance Advisors LLC increased its position in shares of Sociedad Quimica y Minera by 153.0% during the second quarter. Farther Finance Advisors LLC now owns 969 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 586 shares in the last quarter. Grove Bank & Trust acquired a new stake in shares of Sociedad Quimica y Minera in the 1st quarter worth about $46,000. Finally, IFP Advisors Inc lifted its position in Sociedad Quimica y Minera by 728.0% in the 1st quarter. IFP Advisors Inc now owns 1,242 shares of the basic materials company’s stock valued at $49,000 after acquiring an additional 1,092 shares in the last quarter. 12.41% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Sociedad Quimica y Minera in a report on Saturday, September 27th. Bank of America raised their target price on Sociedad Quimica y Minera from $36.50 to $43.50 and gave the company an “underperform” rating in a report on Tuesday, August 26th. Jefferies Financial Group reiterated a “hold” rating and set a $50.00 price target (down previously from $53.00) on shares of Sociedad Quimica y Minera in a report on Monday. BMO Capital Markets increased their price target on 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. Finally, JPMorgan Chase & Co. raised their price objective on Sociedad Quimica y Minera from $39.00 to $41.00 and gave the company a “neutral” rating in a research note on Monday, July 28th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $45.79.

Sociedad Quimica y Minera Stock Performance

SQM stock opened at $43.17 on Tuesday. The company has a quick ratio of 1.93, a current ratio of 2.92 and a debt-to-equity ratio of 0.70. The firm has a market cap of $12.33 billion, a PE ratio of 25.85 and a beta of 1.08. The business has a 50 day moving average of $43.16 and a 200-day moving average of $38.18. Sociedad Quimica y Minera S.A. has a 12-month low of $29.36 and a 12-month high of $47.51.

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

Sociedad Quimica y Minera 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.