D.B. Root & Company LLC Makes New Investment in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

D.B. Root & Company LLC purchased a new stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,938 shares of the basic materials company’s stock, valued at approximately $252,000.

Other large investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in Sociedad Química y Minera de Chile by 9.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 5,482 shares of the basic materials company’s stock worth $223,000 after purchasing an additional 464 shares during the period. American Century Companies Inc. boosted its position in shares of Sociedad Química y Minera de Chile by 5.7% during the second quarter. American Century Companies Inc. now owns 78,795 shares of the basic materials company’s stock worth $3,211,000 after buying an additional 4,256 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Sociedad Química y Minera de Chile by 2.9% during the second quarter. Dimensional Fund Advisors LP now owns 488,456 shares of the basic materials company’s stock worth $19,921,000 after buying an additional 13,756 shares in the last quarter. Hsbc Holdings PLC raised its position in Sociedad Química y Minera de Chile by 8.7% in the 2nd quarter. Hsbc Holdings PLC now owns 8,744 shares of the basic materials company’s stock valued at $356,000 after buying an additional 700 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Sociedad Química y Minera de Chile by 4.9% in the 2nd quarter. Sei Investments Co. now owns 418,395 shares of the basic materials company’s stock valued at $17,050,000 after acquiring an additional 19,649 shares in the last quarter. Institutional investors own 12.41% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on SQM shares. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. JPMorgan Chase & Co. cut shares of Sociedad Química y Minera de Chile from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $55.00 to $44.00 in a research report on Friday, October 11th. Scotiabank dropped their price objective on Sociedad Química y Minera de Chile from $60.00 to $50.00 and set a “sector outperform” rating on the stock in a research note on Monday, November 25th. Finally, StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $45.56.

Sociedad Química y Minera de Chile Stock Down 3.4 %

SQM stock opened at $38.50 on Thursday. The company has a fifty day moving average price of $38.45 and a two-hundred day moving average price of $38.65. Sociedad Química y Minera de Chile S.A. has a one year low of $32.24 and a one year high of $51.90. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74.

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.