Dorsey Wright & Associates increased its position in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 40.8% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 149,568 shares of the basic materials company’s stock after purchasing an additional 43,341 shares during the quarter. Sociedad Quimica y Minera makes up about 2.0% of Dorsey Wright & Associates’ investment portfolio, making the stock its 7th largest holding. Dorsey Wright & Associates owned about 0.06% of Sociedad Quimica y Minera worth $8,567,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Global X MANAGEMENT CO LLC raised its stake in Sociedad Quimica y Minera by 135.5% during the third quarter. Global X MANAGEMENT CO LLC now owns 2,279,880 shares of the basic materials company’s stock valued at $126,898,000 after buying an additional 1,311,641 shares during the last quarter. William Blair Investment Management LLC purchased a new position in Sociedad Quimica y Minera during the second quarter valued at $66,475,000. Vanguard Group Inc. raised its stake in Sociedad Quimica y Minera by 8.1% during the second quarter. Vanguard Group Inc. now owns 1,330,104 shares of the basic materials company’s stock valued at $43,920,000 after buying an additional 99,529 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Sociedad Quimica y Minera by 31.9% during the second quarter. Goldman Sachs Group Inc. now owns 1,298,535 shares of the basic materials company’s stock valued at $42,877,000 after buying an additional 313,786 shares during the last quarter. Finally, Artisan Partners Limited Partnership purchased a new position in Sociedad Quimica y Minera during the second quarter valued at $36,635,000. Institutional investors own 14.43% of the company’s stock.

SQM has been the subject of a number of recent research reports. BidaskClub upgraded Sociedad Quimica y Minera from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research raised Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $49.00 target price for the company in a report on Wednesday, August 23rd. BMO Capital Markets reissued a “market perform” rating and issued a $45.00 target price (up previously from $35.00) on shares of Sociedad Quimica y Minera in a report on Tuesday, August 29th. Bank of America Corporation raised Sociedad Quimica y Minera from a “neutral” rating to a “buy” rating in a report on Wednesday, September 13th. Finally, Santander raised Sociedad Quimica y Minera from an “underperform” rating to a “hold” rating in a report on Wednesday, September 13th. One 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 company currently has an average rating of “Buy” and an average price target of $46.47.

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Sociedad Quimica y Minera S.A. (NYSE SQM) traded down $0.20 during trading on Monday, hitting $57.76. The company’s stock had a trading volume of 920,500 shares, compared to its average volume of 953,717. The company has a market cap of $15,210.00, a price-to-earnings ratio of 44.78, a price-to-earnings-growth ratio of 1.10 and a beta of 1.06. Sociedad Quimica y Minera S.A. has a twelve month low of $26.47 and a twelve month high of $63.80. 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 (NYSE:SQM) last posted its earnings results on Wednesday, August 23rd. The basic materials company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). The business had revenue of $505.70 million during the quarter, compared to the consensus estimate of $500.49 million. Sociedad Quimica y Minera had a return on equity of 14.90% and a net margin of 16.28%. research analysts expect that Sociedad Quimica y Minera S.A. will post 1.61 earnings per share for the current fiscal year.

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.

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

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