Bamco Inc. NY cut its holdings in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,015,077 shares of the basic materials company’s stock after selling 3,200 shares during the period. Bamco Inc. NY owned approximately 0.39% of Sociedad Quimica y Minera worth $33,518,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of SQM. Wells Fargo & Company MN boosted its holdings in Sociedad Quimica y Minera by 9.3% in the first quarter. Wells Fargo & Company MN now owns 80,862 shares of the basic materials company’s stock worth $2,780,000 after purchasing an additional 6,864 shares in the last quarter. Comerica Bank boosted its holdings in Sociedad Quimica y Minera by 1.3% in the first quarter. Comerica Bank now owns 6,900 shares of the basic materials company’s stock worth $242,000 after purchasing an additional 88 shares in the last quarter. World Asset Management Inc boosted its holdings in Sociedad Quimica y Minera by 1.1% in the first quarter. World Asset Management Inc now owns 7,468 shares of the basic materials company’s stock worth $257,000 after purchasing an additional 84 shares in the last quarter. Sei Investments Co. boosted its holdings in Sociedad Quimica y Minera by 23.1% in the first quarter. Sei Investments Co. now owns 25,888 shares of the basic materials company’s stock worth $890,000 after purchasing an additional 4,853 shares in the last quarter. Finally, Ameriprise Financial Inc. bought a new stake in Sociedad Quimica y Minera in the first quarter worth $251,000. Hedge funds and other institutional investors own 13.65% of the company’s stock.

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Sociedad Quimica y Minera S.A. (SQM) traded up 0.67% during midday trading on Friday, reaching $55.66. 1,344,813 shares of the company’s stock were exchanged. Sociedad Quimica y Minera S.A. has a 52 week low of $25.05 and a 52 week high of $63.80. The firm has a 50-day moving average price of $46.82 and a 200 day moving average price of $38.17. The company has a market cap of $14.65 billion, a price-to-earnings ratio of 42.95 and a beta of 1.03.

Sociedad Quimica y Minera (NYSE:SQM) last released its quarterly earnings data on Wednesday, August 23rd. The basic materials company reported $0.38 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $505.70 million for the quarter, compared to analyst estimates of $500.49 million. Sociedad Quimica y Minera had a return on equity of 14.90% and a net margin of 16.28%. Analysts anticipate that Sociedad Quimica y Minera S.A. will post $1.60 EPS for the current year.

The company also recently disclosed a None dividend, which was paid on Wednesday, September 27th. Stockholders of record on Friday, September 8th were paid a dividend of $0.25 per share. The ex-dividend date was Thursday, September 7th. Sociedad Quimica y Minera’s dividend payout ratio is presently 114.73%.

A number of equities research analysts recently issued reports on the stock. BidaskClub upgraded shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating in a report on Monday, July 24th. BMO Capital Markets reiterated a “hold” rating and issued a $35.00 price objective on shares of Sociedad Quimica y Minera in a report on Friday, July 7th. Zacks Investment Research upgraded shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Wednesday, June 21st. Santander upgraded shares of Sociedad Quimica y Minera from an “underperform” rating to a “hold” rating in a report on Wednesday, September 13th. Finally, Bank of America Corporation upgraded shares of Sociedad Quimica y Minera from a “neutral” rating to a “buy” rating in a report on Wednesday, September 13th. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Sociedad Quimica y Minera presently has a consensus rating of “Buy” and an average target price of $41.18.

Sociedad Quimica y Minera 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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