Paradiem LLC Has $483,000 Holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Paradiem LLC lessened its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 48.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,021 shares of the basic materials company’s stock after selling 7,434 shares during the quarter. Paradiem LLC’s holdings in Sociedad Química y Minera de Chile were worth $483,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of SQM. Wellington Management Group LLP bought a new stake in shares of Sociedad Química y Minera de Chile in the 3rd quarter valued at approximately $9,794,000. abrdn plc grew its stake in shares of Sociedad Química y Minera de Chile by 4.7% in the 3rd quarter. abrdn plc now owns 2,643,076 shares of the basic materials company’s stock valued at $157,712,000 after buying an additional 119,695 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of Sociedad Química y Minera de Chile by 20.9% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 73,776 shares of the basic materials company’s stock valued at $4,402,000 after buying an additional 12,759 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Sociedad Química y Minera de Chile by 9.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,992,151 shares of the basic materials company’s stock valued at $120,387,000 after buying an additional 172,908 shares in the last quarter. Finally, Bronte Capital Management Pty Ltd. grew its stake in shares of Sociedad Química y Minera de Chile by 98.2% in the 3rd quarter. Bronte Capital Management Pty Ltd. now owns 153,080 shares of the basic materials company’s stock valued at $9,134,000 after buying an additional 75,849 shares in the last quarter. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Analysts Set New Price Targets

SQM has been the subject of several analyst reports. TheStreet lowered Sociedad Química y Minera de Chile from a “b-” rating to a “c” rating in a report on Friday, February 2nd. JPMorgan Chase & Co. cut their price target on Sociedad Química y Minera de Chile from $64.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. BMO Capital Markets cut their price target on Sociedad Química y Minera de Chile from $75.00 to $70.00 and set an “outperform” rating for the company in a report on Friday, March 1st. The Goldman Sachs Group cut their price target on Sociedad Química y Minera de Chile from $54.50 to $46.50 and set a “neutral” rating for the company in a report on Tuesday, April 23rd. Finally, Jefferies Financial Group upgraded Sociedad Química y Minera de Chile from a “hold” rating to a “buy” rating and upped their price target for the stock from $52.00 to $62.80 in a report on Monday, April 8th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $65.18.

Sociedad Química y Minera de Chile Stock Performance

Shares of NYSE SQM traded up $0.63 during trading hours on Friday, reaching $44.14. The stock had a trading volume of 859,334 shares, compared to its average volume of 1,079,528. The business’s fifty day moving average is $47.23 and its two-hundred day moving average is $49.44. Sociedad Química y Minera de Chile S.A. has a twelve month low of $38.50 and a twelve month high of $81.50. The company has a market cap of $12.61 billion, a price-to-earnings ratio of 6.26 and a beta of 1.07. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.49 and a quick ratio of 1.74.

Sociedad Química y Minera de Chile (NYSE:SQM) last announced its quarterly earnings results on Wednesday, February 28th. The basic materials company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.51). Sociedad Química y Minera de Chile had a net margin of 26.95% and a return on equity of 37.86%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter last year, the company earned $4.03 earnings per share. As a group, research analysts expect that Sociedad Química y Minera de Chile S.A. will post 4.18 EPS for the current year.

About Sociedad Química y Minera de Chile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.