B. Metzler seel. Sohn & Co. Holding AG Makes New $353,000 Investment in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,464 shares of the basic materials company’s stock, valued at approximately $353,000.

A number of other large investors have also made changes to their positions in the stock. Blue Trust Inc. boosted its stake in shares of Sociedad Química y Minera de Chile by 396.2% during the 2nd quarter. Blue Trust Inc. now owns 913 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 729 shares during the last quarter. Signaturefd LLC boosted its position in Sociedad Química y Minera de Chile by 204.9% during the second quarter. Signaturefd LLC now owns 2,061 shares of the basic materials company’s stock worth $84,000 after acquiring an additional 1,385 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in Sociedad Química y Minera de Chile by 47.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,133 shares of the basic materials company’s stock valued at $87,000 after acquiring an additional 683 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of Sociedad Química y Minera de Chile by 216.4% during the 2nd quarter. DekaBank Deutsche Girozentrale now owns 4,968 shares of the basic materials company’s stock worth $207,000 after purchasing an additional 3,398 shares during the period. Finally, Credit Capital Investments LLC acquired a new stake in shares of Sociedad Química y Minera de Chile during the third quarter worth $208,000. Institutional investors and hedge funds own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Price Performance

Shares of NYSE SQM opened at $38.26 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 1.47. Sociedad Química y Minera de Chile S.A. has a 1-year low of $32.24 and a 1-year high of $64.62. The company has a market capitalization of $10.93 billion, a price-to-earnings ratio of -34.47 and a beta of 1.03. The business has a 50-day moving average of $39.61 and a 200-day moving average of $40.59.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft decreased their price target on Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a research note on Thursday. JPMorgan Chase & Co. downgraded shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $55.00 to $44.00 in a report on Friday, October 11th. Berenberg Bank started coverage on shares of Sociedad Química y Minera de Chile in a research note on Wednesday, July 31st. They set a “hold” rating and a $35.00 price target on the stock. Bank of America lowered their price objective on shares of Sociedad Química y Minera de Chile from $47.00 to $38.00 and set an “underperform” rating for the company in a research note on Wednesday, August 21st. Finally, StockNews.com upgraded Sociedad Química y Minera de Chile to a “sell” rating in a report on Thursday. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $48.06.

About Sociedad Química y Minera de Chile

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.