Robeco Schweiz AG Sells 82,403 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Robeco Schweiz AG decreased its position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 6.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,165,600 shares of the basic materials company’s stock after selling 82,403 shares during the quarter. Robeco Schweiz AG owned 0.41% of Sociedad Química y Minera de Chile worth $42,381,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. FMR LLC grew its stake in Sociedad Química y Minera de Chile by 1,076.3% during the third quarter. FMR LLC now owns 18,726 shares of the basic materials company’s stock worth $781,000 after buying an additional 17,134 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Sociedad Química y Minera de Chile by 15.7% in the 3rd quarter. BNP Paribas Financial Markets now owns 152,048 shares of the basic materials company’s stock worth $6,337,000 after acquiring an additional 20,616 shares in the last quarter. Manning & Napier Advisors LLC bought a new stake in Sociedad Química y Minera de Chile during the 4th quarter worth approximately $120,395,000. Mirabella Financial Services LLP acquired a new stake in Sociedad Química y Minera de Chile during the 3rd quarter valued at $1,116,000. Finally, D.B. Root & Company LLC bought a new position in Sociedad Química y Minera de Chile in the 4th quarter valued at $252,000. Institutional investors and hedge funds own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Trading Down 0.4 %

SQM opened at $39.62 on Thursday. Sociedad Química y Minera de Chile S.A. has a fifty-two week low of $32.24 and a fifty-two week high of $51.90. The company has a market cap of $11.32 billion, a price-to-earnings ratio of -35.69, a price-to-earnings-growth ratio of 5.00 and a beta of 1.04. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05. The firm has a 50 day simple moving average of $38.68 and a 200 day simple moving average of $38.72.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on SQM. Deutsche Bank Aktiengesellschaft cut their price target 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. StockNews.com raised shares of Sociedad Química y Minera de Chile to a “sell” rating in a research note on Thursday, November 21st. Finally, Scotiabank decreased their price target on shares of 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. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $45.56.

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.