DekaBank Deutsche Girozentrale Acquires 1,770 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Posted by on Apr 21st, 2023

DekaBank Deutsche Girozentrale raised its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM – Get Rating) by 6.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 29,125 shares of the basic materials company’s stock after acquiring an additional 1,770 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Sociedad Química y Minera de Chile were worth $2,281,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Concord Wealth Partners bought a new stake in shares of Sociedad Química y Minera de Chile in the 4th quarter valued at $25,000. Huntington National Bank bought a new stake in shares of Sociedad Química y Minera de Chile in the 3rd quarter valued at $27,000. EverSource Wealth Advisors LLC increased its position in shares of Sociedad Química y Minera de Chile by 265.5% in the 3rd quarter. EverSource Wealth Advisors LLC now owns 413 shares of the basic materials company’s stock valued at $38,000 after buying an additional 300 shares in the last quarter. Trifecta Capital Advisors LLC bought a new stake in shares of Sociedad Química y Minera de Chile in the 4th quarter valued at $40,000. Finally, Signaturefd LLC increased its position in shares of Sociedad Química y Minera de Chile by 74.7% in the 4th quarter. Signaturefd LLC now owns 503 shares of the basic materials company’s stock valued at $40,000 after buying an additional 215 shares in the last quarter. Institutional investors own 18.42% of the company’s stock.

Sociedad Química y Minera de Chile Trading Down 2.6 %

Sociedad Química y Minera de Chile stock opened at $77.91 on Friday. The firm has a 50-day moving average of $82.24 and a 200-day moving average of $88.05. Sociedad Química y Minera de Chile S.A. has a one year low of $69.75 and a one year high of $115.76. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.29 and a quick ratio of 1.71. The company has a market cap of $22.25 billion, a price-to-earnings ratio of 5.70, a P/E/G ratio of 0.39 and a beta of 0.95.

Sociedad Química y Minera de Chile (NYSE:SQM – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The basic materials company reported $4.03 EPS for the quarter, topping analysts’ consensus estimates of $3.80 by $0.23. Sociedad Química y Minera de Chile had a net margin of 36.47% and a return on equity of 95.37%. The company had revenue of $3.13 billion during the quarter, compared to the consensus estimate of $3.17 billion. On average, equities analysts expect that Sociedad Química y Minera de Chile S.A. will post 14.57 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Sociedad Química y Minera de Chile from $134.00 to $97.00 and set an “overweight” rating for the company in a research report on Wednesday. StockNews.com lowered shares of Sociedad Química y Minera de Chile from a “buy” rating to a “hold” rating in a research note on Monday, April 10th. Bank of America raised shares of Sociedad Química y Minera de Chile from an “underperform” rating to a “neutral” rating and reduced their target price for the stock from $90.00 to $85.00 in a research note on Monday, April 10th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Sociedad Química y Minera de Chile from $95.00 to $90.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Scotiabank raised shares of Sociedad Química y Minera de Chile from a “sector perform” rating to a “sector outperform” rating in a research note on Thursday, March 2nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $97.50.

Sociedad Química y Minera de Chile Company Profile

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Sociedad Quimica y Minera de Chile SA engages in the production and distribution of fertilizers, potassium nitrate, iodine, and lithium chemicals. It operates through the following segments: Specialty Plant Nutrients, Iodine and Derivatives, Lithium and Derivatives, Industrial Chemicals, Potassium, and Other Products and Services.

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Institutional Ownership by Quarter for Sociedad Química y Minera de Chile (NYSE:SQM)

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