47,583 Shares in Sociedad Quimica y Minera S.A. $SQM Purchased by Integrated Quantitative Investments LLC

Integrated Quantitative Investments LLC bought a new stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 47,583 shares of the basic materials company’s stock, valued at approximately $1,678,000.

Other institutional investors also recently added to or reduced their stakes in the company. Itau Unibanco Holding S.A. bought a new stake in shares of Sociedad Quimica y Minera in the second quarter valued at approximately $32,432,000. Cetera Investment Advisers boosted its holdings in Sociedad Quimica y Minera by 20.4% in the 2nd quarter. Cetera Investment Advisers now owns 20,886 shares of the basic materials company’s stock valued at $737,000 after purchasing an additional 3,545 shares during the period. SG Americas Securities LLC grew its position in Sociedad Quimica y Minera by 104.9% in the 2nd quarter. SG Americas Securities LLC now owns 27,080 shares of the basic materials company’s stock worth $955,000 after purchasing an additional 13,865 shares during the last quarter. KBC Group NV grew its position in Sociedad Quimica y Minera by 5.4% in the 2nd quarter. KBC Group NV now owns 118,007 shares of the basic materials company’s stock worth $4,162,000 after purchasing an additional 6,087 shares during the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Sociedad Quimica y Minera by 5.6% in the second quarter. SBI Securities Co. Ltd. now owns 6,354 shares of the basic materials company’s stock valued at $224,000 after buying an additional 335 shares during the period. 12.41% of the stock is owned by institutional investors.

Sociedad Quimica y Minera Trading Up 2.2%

Shares of SQM stock opened at $54.39 on Friday. The company has a market capitalization of $15.54 billion, a P/E ratio of 32.57 and a beta of 1.14. Sociedad Quimica y Minera S.A. has a 12-month low of $29.36 and a 12-month high of $55.66. 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 50-day moving average price of $45.15 and a 200 day moving average price of $40.17.

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 firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business posted $0.75 EPS. The business’s quarterly revenue was down 19.4% on a year-over-year basis. Research analysts forecast that Sociedad Quimica y Minera S.A. will post -1.31 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Bank of America upped their price target 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. Rothschild & Co Redburn began coverage on shares of Sociedad Quimica y Minera in a report on Friday, October 24th. They issued a “neutral” rating and a $54.00 price target on the stock. JPMorgan Chase & Co. increased their price objective on shares of 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. Rothschild Redb upgraded shares of Sociedad Quimica y Minera to a “hold” rating in a research report on Friday, October 24th. Finally, Zacks Research raised shares of Sociedad Quimica y Minera from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $46.81.

Sociedad Quimica y Minera 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.