Axiom International Investors LLC DE lifted its holdings in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 0.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,636,150 shares of the basic materials company’s stock after buying an additional 8,590 shares during the quarter. Sociedad Quimica y Minera makes up about 2.0% of Axiom International Investors LLC DE’s holdings, making the stock its 11th biggest holding. Axiom International Investors LLC DE owned 0.62% of Sociedad Quimica y Minera worth $91,068,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Pacad Investment Ltd. purchased a new stake in Sociedad Quimica y Minera during the 2nd quarter valued at about $116,000. Acrospire Investment Management LLC grew its position in Sociedad Quimica y Minera by 307.5% during the 2nd quarter. Acrospire Investment Management LLC now owns 5,298 shares of the basic materials company’s stock valued at $175,000 after purchasing an additional 3,998 shares during the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Sociedad Quimica y Minera during the 2nd quarter valued at about $204,000. Raymond James Trust N.A. purchased a new stake in Sociedad Quimica y Minera during the 3rd quarter valued at about $220,000. Finally, Laurel Wealth Advisors Inc. grew its position in Sociedad Quimica y Minera by 6.6% during the 2nd quarter. Laurel Wealth Advisors Inc. now owns 6,824 shares of the basic materials company’s stock valued at $225,000 after purchasing an additional 423 shares during the last quarter. 13.50% of the stock is currently owned by hedge funds and other institutional investors.

Sociedad Quimica y Minera S.A. (NYSE SQM) traded down $0.10 during mid-day trading on Monday, hitting $56.42. 694,700 shares of the company were exchanged, compared to its average volume of 969,017. Sociedad Quimica y Minera S.A. has a 1 year low of $26.68 and a 1 year high of $63.80. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.47 and a current ratio of 4.19. The stock has a market capitalization of $14,849.57, a price-to-earnings ratio of 37.36, a PEG ratio of 1.04 and a beta of 1.06.

Several brokerages recently commented on SQM. Santander raised shares of Sociedad Quimica y Minera from an “underperform” rating to a “hold” rating in a research report on Wednesday, September 13th. BidaskClub upgraded shares of Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. BMO Capital Markets restated a “market perform” rating and set a $45.00 target price (up previously from $35.00) on shares of Sociedad Quimica y Minera in a research note on Tuesday, August 29th. Zacks Investment Research upgraded shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research note on Wednesday, August 23rd. Finally, Bank of America Corporation upgraded shares of Sociedad Quimica y Minera from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $50.22.

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Sociedad Quimica y Minera Company Profile

Sociedad Quimica y Minera de Chile SA (SQM), is a producer of potassium nitrate and iodine. The Company produces specialty plant nutrients, iodine derivatives, lithium and its derivatives, potassium chloride, potassium sulfate and certain industrial chemicals. Its segments include specialty plant nutrients, industrial chemicals, iodine and derivatives, lithium and derivatives, potassium, and other products and services.

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

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