Candriam Luxembourg S.C.A. raised its stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 208.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 225,000 shares of the basic materials company’s stock after buying an additional 152,000 shares during the quarter. Candriam Luxembourg S.C.A. owned 0.09% of Sociedad Quimica y Minera worth $12,524,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. PNC Financial Services Group Inc. lifted its stake in Sociedad Quimica y Minera by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 10,248 shares of the basic materials company’s stock valued at $353,000 after buying an additional 78 shares during the period. Jennison Associates LLC grew its stake in Sociedad Quimica y Minera by 0.8% in the second quarter. Jennison Associates LLC now owns 37,080 shares of the basic materials company’s stock valued at $1,224,000 after purchasing an additional 278 shares in the last quarter. Van ECK Associates Corp grew its stake in Sociedad Quimica y Minera by 0.3% in the second quarter. Van ECK Associates Corp now owns 138,379 shares of the basic materials company’s stock valued at $4,569,000 after purchasing an additional 386 shares in the last quarter. Capstone Asset Management Co. grew its stake in Sociedad Quimica y Minera by 2.7% in the second quarter. Capstone Asset Management Co. now owns 15,413 shares of the basic materials company’s stock valued at $509,000 after purchasing an additional 410 shares in the last quarter. Finally, Laurel Wealth Advisors Inc. lifted its position in shares of Sociedad Quimica y Minera by 6.6% in the second quarter. Laurel Wealth Advisors Inc. now owns 6,824 shares of the basic materials company’s stock valued at $225,000 after buying an additional 423 shares during the last quarter. 13.64% of the stock is currently owned by hedge funds and other institutional investors.

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Sociedad Quimica y Minera S.A. (SQM) traded down $0.20 during mid-day trading on Friday, hitting $57.76. The stock had a trading volume of 920,536 shares, compared to its average volume of 1,338,837. The company has a market capitalization of $15,254.90, a price-to-earnings ratio of 44.93, a PEG ratio of 1.11 and a beta of 1.06. The company has a current ratio of 4.19, a quick ratio of 2.47 and a debt-to-equity ratio of 0.47. Sociedad Quimica y Minera S.A. has a 52 week low of $26.47 and a 52 week high of $63.80.

Sociedad Quimica y Minera (NYSE:SQM) last posted its quarterly earnings data on Wednesday, August 23rd. The basic materials company reported $0.38 EPS for the quarter, missing the consensus estimate of $0.39 by ($0.01). The firm had revenue of $505.70 million during the quarter, compared to analysts’ expectations of $500.49 million. Sociedad Quimica y Minera had a net margin of 16.28% and a return on equity of 14.90%. equities research analysts anticipate that Sociedad Quimica y Minera S.A. will post 1.61 earnings per share for the current year.

Several analysts recently weighed in on SQM shares. BMO Capital Markets lifted their price target on Sociedad Quimica y Minera to $60.00 and gave the stock an “average” rating in a report on Wednesday, October 25th. They noted that the move was a valuation call. Zacks Investment Research upgraded Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Wednesday, August 23rd. Bank of America Corporation upgraded Sociedad Quimica y Minera from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 13th. BidaskClub upgraded Sociedad Quimica y Minera from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Santander upgraded Sociedad Quimica y Minera from an “underperform” rating to a “hold” rating in a research report on Wednesday, September 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. Sociedad Quimica y Minera presently has an average rating of “Buy” and an average target price of $46.47.

About Sociedad Quimica y Minera

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.

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

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