KBC Group NV reduced its position in Sociedad Quimica y Minera de Chile (NYSE:SQM) by 4.9% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 45,253 shares of the basic materials company’s stock after selling 2,309 shares during the period. KBC Group NV’s holdings in Sociedad Quimica y Minera de Chile were worth $1,733,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Federated Investors Inc. PA bought a new stake in shares of Sociedad Quimica y Minera de Chile in the 3rd quarter valued at about $70,000. Lavaca Capital LLC acquired a new stake in Sociedad Quimica y Minera de Chile in the 4th quarter worth approximately $76,000. Tower Research Capital LLC TRC acquired a new stake in Sociedad Quimica y Minera de Chile in the 3rd quarter worth approximately $162,000. Oppenheimer Asset Management Inc. acquired a new stake in Sociedad Quimica y Minera de Chile in the 4th quarter worth approximately $150,000. Finally, Steward Partners Investment Advisory LLC boosted its stake in Sociedad Quimica y Minera de Chile by 1,100.0% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,000 shares of the basic materials company’s stock worth $229,000 after purchasing an additional 5,500 shares in the last quarter. Institutional investors and hedge funds own 10.66% of the company’s stock.

SQM stock opened at $41.55 on Monday. The company has a market capitalization of $10.94 billion, a P/E ratio of 25.49, a P/E/G ratio of 0.89 and a beta of 1.23. The company has a quick ratio of 2.64, a current ratio of 4.34 and a debt-to-equity ratio of 0.57. Sociedad Quimica y Minera de Chile has a 52 week low of $36.70 and a 52 week high of $58.69.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last posted its quarterly earnings results on Wednesday, November 21st. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.07). Sociedad Quimica y Minera de Chile had a return on equity of 20.13% and a net margin of 19.41%. The business had revenue of $543.20 million for the quarter, compared to analysts’ expectations of $596.76 million. As a group, equities research analysts forecast that Sociedad Quimica y Minera de Chile will post 1.74 EPS for the current fiscal year.

A number of research firms recently commented on SQM. Zacks Investment Research upgraded shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a research note on Saturday, January 19th. Santander upgraded shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating in a research note on Wednesday, December 12th. HSBC upgraded shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating in a research note on Monday, December 3rd. Deutsche Bank set a $50.00 target price on shares of Sociedad Quimica y Minera de Chile and gave the stock a “buy” rating in a research note on Wednesday, November 28th. Finally, JPMorgan Chase & Co. set a $52.00 target price on shares of Sociedad Quimica y Minera de Chile and gave the stock a “buy” rating in a research note on Friday, November 16th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $51.00.

COPYRIGHT VIOLATION WARNING: “Sociedad Quimica y Minera de Chile (SQM) Stake Decreased by KBC Group NV” was reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of US & international copyright law. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2019/02/11/sociedad-quimica-y-minera-de-chile-sqm-stake-decreased-by-kbc-group-nv.html.

Sociedad Quimica y Minera de Chile Company Profile

Sociedad QuĂ­mica 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.

Read More: Relative Strength Index

Want to see what other hedge funds are holding SQM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sociedad Quimica y Minera de Chile (NYSE:SQM).

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

Receive News & Ratings for Sociedad Quimica y Minera de Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sociedad Quimica y Minera de Chile and related companies with MarketBeat.com's FREE daily email newsletter.