Allspring Global Investments Holdings LLC Sells 22,142 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Allspring Global Investments Holdings LLC lessened its holdings in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 2.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & 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’s holdings in Sociedad Química y Minera de Chile were worth $31,190,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. MFA Wealth Advisors LLC lifted its position in shares of Sociedad Química y Minera de Chile by 4.7% in the third quarter. MFA Wealth Advisors LLC now owns 7,006 shares of the basic materials company’s stock worth $292,000 after purchasing an additional 313 shares in the last quarter. Saturna Capital Corp lifted its position in shares of Sociedad Química y Minera de Chile by 0.8% in the third quarter. Saturna Capital Corp now owns 49,407 shares of the basic materials company’s stock worth $2,059,000 after purchasing an additional 407 shares in the last quarter. Signaturefd LLC lifted its position in shares of Sociedad Química y Minera de Chile by 21.3% in the third quarter. Signaturefd LLC now owns 2,500 shares of the basic materials company’s stock worth $104,000 after purchasing an additional 439 shares in the last quarter. AQR Capital Management LLC increased its holdings in Sociedad Química y Minera de Chile by 11.6% during the second quarter. AQR Capital Management LLC now owns 5,249 shares of the basic materials company’s stock worth $214,000 after buying an additional 544 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Sociedad Química y Minera de Chile by 23.3% during the fourth quarter. Blue Trust Inc. now owns 3,566 shares of the basic materials company’s stock worth $130,000 after buying an additional 675 shares during the last quarter. Institutional investors own 12.41% of the company’s stock.

Analyst Upgrades and Downgrades

SQM has been the topic of a number of recent analyst reports. Scotiabank lowered their target price 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 report on Monday, November 25th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Sociedad Química y Minera de Chile from $35.00 to $31.00 and set a “hold” rating on the stock in a report on Thursday, November 21st. Finally, StockNews.com upgraded shares of 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 assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $45.56.

Sociedad Química y Minera de Chile Price Performance

NYSE:SQM opened at $38.64 on Friday. 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 company has a market cap of $11.04 billion, a P/E ratio of -34.81, a P/E/G ratio of 5.18 and a beta of 1.04. The firm’s fifty day moving average price is $38.60 and its two-hundred day moving average price is $38.51. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05.

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.