Bank of New York Mellon Corp grew its stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 75.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 561,964 shares of the basic materials company’s stock after buying an additional 241,114 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.21% of Sociedad Quimica y Minera worth $31,278,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Jennison Associates LLC grew its stake in shares of Sociedad Quimica y Minera by 0.8% during the second quarter. Jennison Associates LLC now owns 37,080 shares of the basic materials company’s stock worth $1,224,000 after buying an additional 278 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Sociedad Quimica y Minera by 0.3% during the second quarter. Van ECK Associates Corp now owns 138,379 shares of the basic materials company’s stock worth $4,569,000 after buying an additional 386 shares during the last quarter. Laurel Wealth Advisors Inc. grew its stake in shares of Sociedad Quimica y Minera by 6.6% during the second quarter. Laurel Wealth Advisors Inc. now owns 6,824 shares of the basic materials company’s stock worth $225,000 after buying an additional 423 shares during the last quarter. CIBC World Markets Inc. grew its stake in shares of Sociedad Quimica y Minera by 6.0% during the second quarter. CIBC World Markets Inc. now owns 15,582 shares of the basic materials company’s stock worth $515,000 after buying an additional 878 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Sociedad Quimica y Minera by 10.4% during the second quarter. PNC Financial Services Group Inc. now owns 11,311 shares of the basic materials company’s stock worth $374,000 after buying an additional 1,063 shares during the last quarter. 12.74% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Sociedad Quimica y Minera S.A. (SQM) traded down $0.99 on Monday, reaching $50.95. 721,300 shares of the company’s stock were exchanged, compared to its average volume of 975,579. The company has a quick ratio of 2.31, a current ratio of 3.79 and a debt-to-equity ratio of 0.45. The company has a market capitalization of $13,409.89, a PE ratio of 33.74, a P/E/G ratio of 0.94 and a beta of 1.01. Sociedad Quimica y Minera S.A. has a twelve month low of $26.68 and a twelve month high of $63.80.

Several analysts recently weighed in on SQM shares. Santander raised shares of Sociedad Quimica y Minera from an “underperform” rating to a “hold” rating in a research note on Wednesday, September 13th. Bank of America raised shares of Sociedad Quimica y Minera from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 13th. Zacks Investment Research raised shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $64.00 price objective on the stock in a research note on Saturday, November 18th. BMO Capital Markets reissued a “market perform” rating and issued a $45.00 price objective (up previously from $35.00) on shares of Sociedad Quimica y Minera in a research note on Tuesday, August 29th. Finally, cut shares of Sociedad Quimica y Minera from a “buy” rating to a “reduce” rating in a research note on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $50.22.

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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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