Anfield Capital Management LLC Purchases 750 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Anfield Capital Management LLC lifted its holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 22.2% in the fourth quarter, HoldingsChannel reports. The firm owned 4,123 shares of the basic materials company’s stock after purchasing an additional 750 shares during the quarter. Anfield Capital Management LLC’s holdings in Sociedad Química y Minera de Chile were worth $248,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of SQM. abrdn plc lifted its position in Sociedad Química y Minera de Chile by 4.7% in the third quarter. abrdn plc now owns 2,643,076 shares of the basic materials company’s stock worth $157,712,000 after buying an additional 119,695 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Sociedad Química y Minera de Chile by 9.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,992,151 shares of the basic materials company’s stock worth $120,387,000 after purchasing an additional 172,908 shares during the period. Grantham Mayo Van Otterloo & Co. LLC grew its holdings in Sociedad Química y Minera de Chile by 37.2% during the 3rd quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 1,747,264 shares of the basic materials company’s stock valued at $104,259,000 after purchasing an additional 474,000 shares during the last quarter. CI Investments Inc. lifted its stake in Sociedad Química y Minera de Chile by 5.3% in the third quarter. CI Investments Inc. now owns 1,523,519 shares of the basic materials company’s stock worth $90,908,000 after purchasing an additional 76,054 shares during the last quarter. Finally, Van ECK Associates Corp boosted its position in shares of Sociedad Química y Minera de Chile by 127.3% during the third quarter. Van ECK Associates Corp now owns 1,070,851 shares of the basic materials company’s stock valued at $63,898,000 after buying an additional 599,728 shares during the period. Institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Stock Up 1.4 %

Sociedad Química y Minera de Chile stock opened at $44.14 on Friday. Sociedad Química y Minera de Chile S.A. has a twelve month low of $38.50 and a twelve month high of $81.50. The business has a fifty day moving average of $47.21 and a two-hundred day moving average of $49.55. The firm has a market cap of $12.61 billion, a P/E ratio of 6.26 and a beta of 1.07. The company has a quick ratio of 1.74, a current ratio of 2.49 and a debt-to-equity ratio of 0.58.

Sociedad Química y Minera de Chile (NYSE:SQM) last issued its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.22 by ($0.51). Sociedad Química y Minera de Chile had a return on equity of 37.86% and a net margin of 26.95%. The company had revenue of $1.31 billion for the quarter, compared to analysts’ expectations of $1.36 billion. During the same quarter last year, the company earned $4.03 earnings per share. On average, analysts forecast that Sociedad Química y Minera de Chile S.A. will post 4.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. TheStreet cut Sociedad Química y Minera de Chile from a “b-” rating to a “c” rating in a report on Friday, February 2nd. The Goldman Sachs Group cut their price target on shares of Sociedad Química y Minera de Chile from $54.50 to $46.50 and set a “neutral” rating on the stock in a report on Tuesday. Scotiabank decreased their price objective on shares of Sociedad Química y Minera de Chile from $80.00 to $70.00 and set a “sector outperform” rating for the company in a report on Monday, March 4th. JPMorgan Chase & Co. reduced their target price on shares of Sociedad Química y Minera de Chile from $64.00 to $55.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 6th. Finally, StockNews.com downgraded shares of Sociedad Química y Minera de Chile from a “hold” rating to a “sell” rating in a research note on Monday, March 4th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. According to MarketBeat, Sociedad Química y Minera de Chile presently has an average rating of “Hold” and a consensus price target of $65.18.

Sociedad Química y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.