Robeco Schweiz AG Has $39.08 Million Holdings in Sociedad Quimica y Minera S.A. $SQM

Robeco Schweiz AG lessened its stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 5.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,107,900 shares of the basic materials company’s stock after selling 57,700 shares during the quarter. Robeco Schweiz AG’s holdings in Sociedad Quimica y Minera were worth $39,076,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SQM. Jump Financial LLC acquired a new position in Sociedad Quimica y Minera during the first quarter worth $309,000. FORA Capital LLC acquired a new stake in shares of Sociedad Quimica y Minera in the 1st quarter valued at $573,000. Northern Trust Corp grew its holdings in shares of Sociedad Quimica y Minera by 17.9% in the 1st quarter. Northern Trust Corp now owns 346,259 shares of the basic materials company’s stock worth $13,757,000 after purchasing an additional 52,460 shares during the last quarter. Diversify Advisory Services LLC acquired a new stake in shares of Sociedad Quimica y Minera during the 1st quarter worth about $274,000. Finally, Vident Advisory LLC lifted its holdings in Sociedad Quimica y Minera by 312.0% during the 1st quarter. Vident Advisory LLC now owns 27,115 shares of the basic materials company’s stock valued at $1,077,000 after purchasing an additional 20,533 shares during the last quarter. 12.41% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Bank of America upped their price objective on shares of Sociedad Quimica y Minera from $36.50 to $43.50 and gave the stock an “underperform” rating in a research note on Tuesday, August 26th. JPMorgan Chase & Co. boosted their target price on Sociedad Quimica y Minera from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Monday, July 28th. Rothschild & Co Redburn began coverage on Sociedad Quimica y Minera in a report on Friday, October 24th. They set a “neutral” rating and a $54.00 price target for the company. Itau BBA Securities initiated coverage on Sociedad Quimica y Minera in a research report on Thursday, September 4th. They issued an “outperform” rating and a $55.00 price objective for the company. Finally, Zacks Research upgraded Sociedad Quimica y Minera from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $46.81.

Sociedad Quimica y Minera Stock Up 6.3%

NYSE:SQM opened at $51.93 on Tuesday. The company has a market cap of $14.83 billion, a price-to-earnings ratio of 31.10 and a beta of 1.14. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.93 and a current ratio of 2.92. The stock’s fifty day moving average price is $44.46 and its two-hundred day moving average price is $39.70. Sociedad Quimica y Minera S.A. has a 52-week low of $29.36 and a 52-week high of $52.45.

Sociedad Quimica y Minera (NYSE:SQM) last issued its quarterly earnings results on Wednesday, August 20th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by ($0.21). The firm had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.08 billion. Sociedad Quimica y Minera had a net margin of 11.29% and a return on equity of 9.09%. The company’s revenue was down 19.4% compared to the same quarter last year. During the same period last year, the company earned $0.75 EPS. On average, analysts anticipate that Sociedad Quimica y Minera S.A. will post -1.31 EPS for the current year.

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.