Crossmark Global Holdings Inc. Sells 14,665 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Crossmark Global Holdings Inc. decreased its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 6.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 219,101 shares of the basic materials company’s stock after selling 14,665 shares during the period. Crossmark Global Holdings Inc.’s holdings in Sociedad Química y Minera de Chile were worth $7,966,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. increased its position in Sociedad Química y Minera de Chile by 47.1% during 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 buying an additional 683 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Sociedad Química y Minera de Chile by 21.3% during the third quarter. Signaturefd LLC now owns 2,500 shares of the basic materials company’s stock valued at $104,000 after acquiring an additional 439 shares in the last quarter. Blue Trust Inc. raised its position in shares of Sociedad Química y Minera de Chile by 216.6% in the 3rd quarter. Blue Trust Inc. now owns 2,891 shares of the basic materials company’s stock worth $118,000 after purchasing an additional 1,978 shares during the last quarter. MML Investors Services LLC bought a new position in Sociedad Química y Minera de Chile in the 3rd quarter worth about $202,000. Finally, Credit Capital Investments LLC purchased a new stake in Sociedad Química y Minera de Chile during the 3rd quarter valued at about $208,000. 12.41% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Sociedad Química y Minera de Chile Stock Down 0.6 %

Sociedad Química y Minera de Chile stock opened at $39.93 on Wednesday. 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 stock has a fifty day moving average of $38.45 and a 200 day moving average of $38.65. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. The stock has a market cap of $11.40 billion, a PE ratio of -35.97, a price-to-earnings-growth ratio of 5.42 and a beta of 1.03.

Sociedad Química y Minera de Chile Company 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.