Sociedad Quimica y Minera S.A. $SQM Shares Sold by WP Advisors LLC

WP Advisors LLC cut its stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 4.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,087 shares of the basic materials company’s stock after selling 1,034 shares during the period. WP Advisors LLC’s holdings in Sociedad Quimica y Minera were worth $779,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in SQM. Brooklyn Investment Group grew its holdings 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 buying an additional 617 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in shares of Sociedad Quimica y Minera during the 1st quarter worth $34,000. Farther Finance Advisors LLC boosted its position in shares of Sociedad Quimica y Minera by 153.0% during 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 last quarter. IFP Advisors Inc grew its holdings in shares of Sociedad Quimica y Minera by 728.0% in the first quarter. IFP Advisors Inc now owns 1,242 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 1,092 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Sociedad Quimica y Minera during the first quarter worth about $96,000. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Analyst Upgrades and Downgrades

SQM has been the topic of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on shares of Sociedad Quimica y Minera from $39.00 to $41.00 and gave the company a “neutral” rating in a report on Monday, July 28th. Bank of America lifted their price target on shares of Sociedad Quimica y Minera from $36.50 to $43.50 and gave the company an “underperform” rating in a research report on Tuesday, August 26th. Rothschild & Co Redburn assumed coverage on Sociedad Quimica y Minera in a research report on Friday, October 24th. They issued a “neutral” rating and a $54.00 price objective for the company. Itau BBA Securities assumed coverage on Sociedad Quimica y Minera in a research note on Thursday, September 4th. They set an “outperform” rating and a $55.00 target price for the company. Finally, Weiss Ratings lowered Sociedad Quimica y Minera from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Friday, November 7th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $46.81.

Sociedad Quimica y Minera Stock Performance

Shares of Sociedad Quimica y Minera stock opened at $53.22 on Friday. The stock has a market capitalization of $15.20 billion, a price-to-earnings ratio of 31.87 and a beta of 1.14. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.92 and a quick ratio of 1.93. The business has a 50-day moving average of $44.98 and a 200 day moving average of $40.00. Sociedad Quimica y Minera S.A. has a 12 month low of $29.36 and a 12 month high of $54.70.

Sociedad Quimica y Minera (NYSE:SQM) last issued its quarterly earnings results 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 for 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 firm’s revenue for the quarter was down 19.4% on a year-over-year basis. During the same quarter last year, the company earned $0.75 earnings per share. As a group, sell-side analysts forecast 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.