Deutsche Bank AG Has $10.78 Million Position in Sociedad Quimica y Minera de Chile (SQM)

Deutsche Bank AG decreased its holdings in Sociedad Quimica y Minera de Chile (NYSE:SQM) by 21.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 281,443 shares of the basic materials company’s stock after selling 78,581 shares during the period. Deutsche Bank AG’s holdings in Sociedad Quimica y Minera de Chile were worth $10,776,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in SQM. Jennison Associates LLC raised its position in Sociedad Quimica y Minera de Chile by 1.9% in the 4th quarter. Jennison Associates LLC now owns 24,239 shares of the basic materials company’s stock worth $928,000 after purchasing an additional 461 shares during the period. Commonwealth Equity Services LLC raised its position in Sociedad Quimica y Minera de Chile by 7.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,304 shares of the basic materials company’s stock worth $394,000 after purchasing an additional 681 shares during the period. Krane Funds Advisors LLC raised its position in Sociedad Quimica y Minera de Chile by 7.9% in the 3rd quarter. Krane Funds Advisors LLC now owns 10,858 shares of the basic materials company’s stock worth $496,000 after purchasing an additional 795 shares during the period. Geode Capital Management LLC raised its position in Sociedad Quimica y Minera de Chile by 18.6% in the 4th quarter. Geode Capital Management LLC now owns 6,198 shares of the basic materials company’s stock worth $237,000 after purchasing an additional 970 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new stake in Sociedad Quimica y Minera de Chile in the 4th quarter worth about $38,000. 11.10% of the stock is owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on the stock. Deutsche Bank lowered shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research report on Monday, February 25th. Zacks Investment Research raised shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and set a $48.00 price objective on the stock in a research report on Saturday, January 19th. JPMorgan Chase & Co. lowered shares of Sociedad Quimica y Minera de Chile from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $51.00 to $43.00 in a research report on Friday, March 1st. Citigroup lowered shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $53.00 to $41.00 in a research report on Tuesday, March 5th. Finally, TheStreet lowered shares of Sociedad Quimica y Minera de Chile from a “b-” rating to a “c” rating in a research report on Tuesday, March 19th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $45.43.

Shares of NYSE:SQM opened at $37.43 on Wednesday. The company has a market cap of $9.85 billion, a PE ratio of 22.41, a P/E/G ratio of 1.39 and a beta of 1.08. Sociedad Quimica y Minera de Chile has a one year low of $36.57 and a one year high of $58.69. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.67 and a current ratio of 4.32.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its earnings results on Thursday, February 28th. The basic materials company reported $0.41 EPS for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.03). The company had revenue of $565.20 million for the quarter, compared to analysts’ expectations of $560.66 million. Sociedad Quimica y Minera de Chile had a return on equity of 20.29% and a net margin of 19.41%. Sell-side analysts anticipate that Sociedad Quimica y Minera de Chile will post 1.79 earnings per share for the current year.

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Sociedad Quimica y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

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

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