Amundi Sells 75,303 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Amundi lowered its position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 12.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 510,539 shares of the basic materials company’s stock after selling 75,303 shares during the quarter. Amundi owned about 0.18% of Sociedad Química y Minera de Chile worth $19,931,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vontobel Holding Ltd. increased its holdings in shares of Sociedad Química y Minera de Chile by 1.1% in the fourth quarter. Vontobel Holding Ltd. now owns 40,589 shares of the basic materials company’s stock worth $1,476,000 after purchasing an additional 452 shares during the period. Sigma Planning Corp increased its holdings in shares of Sociedad Química y Minera de Chile by 4.7% in the fourth quarter. Sigma Planning Corp now owns 13,011 shares of the basic materials company’s stock worth $473,000 after purchasing an additional 581 shares during the period. Blue Trust Inc. increased its holdings in shares of Sociedad Química y Minera de Chile by 23.3% in the fourth quarter. Blue Trust Inc. now owns 3,566 shares of the basic materials company’s stock worth $130,000 after purchasing an additional 675 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Sociedad Química y Minera de Chile by 7.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,649 shares of the basic materials company’s stock worth $496,000 after purchasing an additional 923 shares during the period. Finally, Jones Financial Companies Lllp increased its holdings in shares of Sociedad Química y Minera de Chile by 803.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company’s stock worth $39,000 after purchasing an additional 956 shares during the period. Institutional investors own 12.41% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Scotiabank cut their target price on shares of Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating for the company in a research report on Monday, November 25th. StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $45.56.

Sociedad Química y Minera de Chile Stock Performance

NYSE SQM opened at $42.13 on Friday. The company has a 50-day simple moving average of $39.34 and a two-hundred day simple moving average of $38.96. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74. Sociedad Química y Minera de Chile S.A. has a 12-month low of $32.24 and a 12-month high of $51.90. The firm has a market cap of $12.03 billion, a price-to-earnings ratio of -37.95, a PEG ratio of 5.00 and a beta of 1.08.

Sociedad Química y Minera de Chile (NYSE:SQM) last issued its quarterly earnings data on Tuesday, March 4th. The basic materials company reported $0.42 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.10). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.01 billion. Sociedad Química y Minera de Chile had a negative net margin of 6.74% and a positive return on equity of 16.12%. On average, equities analysts forecast that Sociedad Química y Minera de Chile S.A. will post -1.31 EPS for the current year.

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.