5,000 Shares in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Purchased by Credit Capital Investments LLC

Credit Capital Investments LLC purchased a new position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 5,000 shares of the basic materials company’s stock, valued at approximately $208,000.

Several other institutional investors also recently modified their holdings of SQM. SG Americas Securities LLC grew its stake in shares of Sociedad Química y Minera de Chile by 242.5% in the second quarter. SG Americas Securities LLC now owns 37,977 shares of the basic materials company’s stock worth $1,548,000 after acquiring an additional 26,889 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of Sociedad Química y Minera de Chile by 8.4% in the first quarter. Lazard Asset Management LLC now owns 2,144,179 shares of the basic materials company’s stock worth $105,407,000 after buying an additional 165,370 shares during the last quarter. Unison Advisors LLC purchased a new position in shares of Sociedad Química y Minera de Chile in the second quarter worth approximately $2,547,000. Sei Investments Co. boosted its holdings in shares of Sociedad Química y Minera de Chile by 4.9% in the second quarter. Sei Investments Co. now owns 418,395 shares of the basic materials company’s stock worth $17,050,000 after buying an additional 19,649 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Sociedad Química y Minera de Chile by 2.9% in the second quarter. Dimensional Fund Advisors LP now owns 488,456 shares of the basic materials company’s stock worth $19,921,000 after buying an additional 13,756 shares during the last quarter. 12.41% of the stock is currently owned by institutional investors.

Sociedad Química y Minera de Chile Price Performance

Sociedad Química y Minera de Chile stock traded up $2.46 during trading on Wednesday, reaching $39.49. The company had a trading volume of 582,152 shares, compared to its average volume of 1,165,169. Sociedad Química y Minera de Chile S.A. has a 1-year low of $32.24 and a 1-year high of $64.62. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.47 and a current ratio of 2.19. The firm’s 50-day simple moving average is $39.25 and its 200 day simple moving average is $41.07. The firm has a market capitalization of $11.28 billion, a PE ratio of 336.64 and a beta of 1.03.

Sociedad Química y Minera de Chile (NYSE:SQM) last announced its quarterly earnings results on Wednesday, August 21st. The basic materials company reported $0.75 earnings per share for the quarter, missing the consensus estimate of $0.99 by ($0.24). The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Sociedad Química y Minera de Chile had a net margin of 0.48% and a return on equity of 23.15%. During the same period in the previous year, the firm posted $2.03 EPS. As a group, equities research analysts anticipate that Sociedad Química y Minera de Chile S.A. will post -0.92 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have weighed in on SQM shares. JPMorgan Chase & Co. downgraded shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $55.00 to $44.00 in a report on Friday, October 11th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Sociedad Química y Minera de Chile from $45.00 to $36.00 and set a “hold” rating on the stock in a research report on Thursday, July 18th. The Goldman Sachs Group upgraded shares of Sociedad Química y Minera de Chile from a “neutral” rating to a “buy” rating in a research report on Friday, August 9th. Bank of America cut their price objective on shares of Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating on the stock in a research report on Wednesday, August 21st. Finally, Berenberg Bank initiated coverage on shares of Sociedad Química y Minera de Chile in a research note on Wednesday, July 31st. They set a “hold” rating and a $35.00 target price for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $48.69.

Sociedad Química y Minera de Chile 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.