5 Best Fertilizer Stocks to Buy According to Hedge Funds

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In this article, we discuss 5 best fertilizer stocks to buy according to hedge funds. If you want to see more stocks in this selection, check out 9 Best Fertilizer Stocks to Buy According to Hedge Funds

5. Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Number of Hedge Fund Holders: 34

Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is headquartered in Santiago, Chile, and the company produces and sells specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, potassium chloride and sulfate, and industrial chemicals. Sociedad Química y Minera de Chile S.A. (NYSE:SQM) is one of the premier fertilizer stocks to invest in. 

On November 18, Deutsche Bank analyst Corinne Blanchard maintained a Buy recommendation on Sociedad Química y Minera de Chile S.A. (NYSE:SQM) but trimmed the price target on the shares to $125 from $128. The post-earnings selloff is an “overreaction” due to macro concerns as Sociedad Química y Minera de Chile S.A. (NYSE:SQM) reported a strong quarter, the analyst told investors. The selloff was potentially triggered by macro fears, with investors worried about lithium spot prices and softer electric vehicle demand in China, added the analyst. On pricing, he believes the market concerns are unjustified.

According to Insider Monkey’s Q3 data, 34 hedge funds were bullish on Sociedad Química y Minera de Chile S.A. (NYSE:SQM), compared to 29 funds in the prior quarter. Peter Rathjens, Bruce Clarke, and John Campbell’s Arrowstreet Capital is the largest stakeholder of the company, with 1.3 million shares worth $125.2 million. 

Here is what ClearBridge Investments has to say about Sociedad Química y Minera de Chile S.A. (NYSE:SQM) in its Q1 2021 investor letter:

“Among materials names in our structural bucket, we sold SQM as the stock hit our price target. Lithium prices remain at levels well below previous highs and while we expect they may reach higher levels in the future; high pricing likely encourages additional supply onto the market.”

Follow Chemical & Mining Co Of Chile Inc (NYSE:SQM)

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