Allspring Global Investments Holdings LLC Has $31.19 Million Holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Allspring Global Investments Holdings LLC lessened its stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 2.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 865,200 shares of the basic materials company’s stock after selling 22,142 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.30% of Sociedad Química y Minera de Chile worth $31,190,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in SQM. AQR Capital Management LLC increased its position in Sociedad Química y Minera de Chile by 11.6% in the 2nd quarter. AQR Capital Management LLC now owns 5,249 shares of the basic materials company’s stock valued at $214,000 after acquiring an additional 544 shares in the last quarter. Creative Planning increased its position in Sociedad Química y Minera de Chile by 63.8% in the 3rd quarter. Creative Planning now owns 18,516 shares of the basic materials company’s stock valued at $772,000 after acquiring an additional 7,209 shares in the last quarter. Blue Trust Inc. grew its position in shares of Sociedad Química y Minera de Chile by 216.6% during the 3rd quarter. Blue Trust Inc. now owns 2,891 shares of the basic materials company’s stock worth $118,000 after buying an additional 1,978 shares during the period. Signaturefd LLC grew its position in shares of Sociedad Química y Minera de Chile by 21.3% during the 3rd quarter. Signaturefd LLC now owns 2,500 shares of the basic materials company’s stock worth $104,000 after buying an additional 439 shares during the period. Finally, MFA Wealth Advisors LLC grew its position in shares of Sociedad Química y Minera de Chile by 4.7% during the 3rd quarter. MFA Wealth Advisors LLC now owns 7,006 shares of the basic materials company’s stock worth $292,000 after buying an additional 313 shares during the period. Institutional investors and hedge funds own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Stock Performance

Shares of SQM opened at $38.64 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. Sociedad Química y Minera de Chile S.A. has a twelve month low of $32.24 and a twelve month high of $51.90. The firm’s 50 day moving average price is $38.60 and its two-hundred day moving average price is $38.51. The firm has a market cap of $11.04 billion, a P/E ratio of -34.81, a PEG ratio of 5.18 and a beta of 1.04.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SQM. Scotiabank lowered their price target 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 research report on Monday, November 25th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating for the company in a research report on Thursday, November 21st. Finally, StockNews.com upgraded shares of Sociedad Química y Minera de Chile to a “sell” rating in a research report on Thursday, November 21st. Two analysts have rated the stock with a sell rating, three have given 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 a consensus target price of $45.56.

Sociedad Química y Minera de Chile 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.