Barings LLC raised its stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM – Free Report) by 12.8% during the first quarter, HoldingsChannel reports. The firm owned 87,186 shares of the basic materials company’s stock after buying an additional 9,874 shares during the quarter. Barings LLC’s holdings in Sociedad Quimica y Minera were worth $7,057,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of SQM. Caitong International Asset Management Co. Ltd purchased a new stake in Sociedad Quimica y Minera during the 4th quarter valued at $29,000. GAMMA Investing LLC boosted its stake in Sociedad Quimica y Minera by 138.4% during the fourth quarter. GAMMA Investing LLC now owns 441 shares of the basic materials company’s stock worth $30,000 after buying an additional 256 shares during the period. Fulcrum Asset Management LLP bought a new position in Sociedad Quimica y Minera during the third quarter valued at $43,000. Signaturefd LLC increased its position in Sociedad Quimica y Minera by 37.0% during the fourth quarter. Signaturefd LLC now owns 656 shares of the basic materials company’s stock valued at $45,000 after acquiring an additional 177 shares during the last quarter. Finally, Triumph Capital Management purchased a new stake in shares of Sociedad Quimica y Minera in the third quarter valued at $49,000. 12.41% of the stock is owned by institutional investors.
Sociedad Quimica y Minera Stock Performance
Shares of NYSE:SQM opened at $66.31 on Friday. The firm’s 50 day simple moving average is $78.84 and its 200-day simple moving average is $78.81. The company has a debt-to-equity ratio of 0.58, a quick ratio of 2.01 and a current ratio of 2.76. Sociedad Quimica y Minera S.A. has a one year low of $35.67 and a one year high of $98.00. The firm has a market cap of $18.94 billion, a PE ratio of 23.27, a price-to-earnings-growth ratio of 0.20 and a beta of 0.97.
Analysts Set New Price Targets
A number of equities analysts recently commented on SQM shares. Scotiabank lifted their price target on shares of Sociedad Quimica y Minera from $100.00 to $105.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 28th. Wall Street Zen raised shares of Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a research note on Sunday, July 12th. Weiss Ratings restated a “hold (c)” rating on shares of Sociedad Quimica y Minera in a research report on Wednesday, June 24th. JPMorgan Chase & Co. lowered Sociedad Quimica y Minera from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $94.00 to $100.00 in a research report on Tuesday, June 2nd. Finally, The Goldman Sachs Group upped their target price on Sociedad Quimica y Minera from $64.00 to $82.00 and gave the company a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $74.58.
Check Out Our Latest Stock Report on SQM
Sociedad Quimica y Minera Company Profile
Sociedad Química y Minera de Chile SA (NYSE: SQM) is a leading global producer of specialty chemicals and minerals headquartered in Santiago, Chile. The company focuses on the extraction and processing of key inputs for the agricultural, industrial and high‐tech sectors. Its core business activities include the mining of lithium, potassium and iodine, as well as the manufacture of value‐added products derived from these raw materials.
SQM’s product portfolio spans lithium carbonate and lithium hydroxide used in electric vehicle batteries and energy storage systems; potassium chloride and potassium nitrate fertilizers designed for precision agriculture; and iodine and its derivatives for pharmaceutical, food and electronics applications.
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