Bank of New York Mellon Corp decreased its stake in shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) by 6.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 918,632 shares of the basic materials company’s stock after selling 58,162 shares during the quarter. Bank of New York Mellon Corp’s holdings in Sociedad Quimica y Minera de Chile were worth $44,140,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in SQM. Financial Gravity Wealth Inc. bought a new stake in shares of Sociedad Quimica y Minera de Chile in the 1st quarter valued at about $104,000. US Bancorp DE raised its holdings in shares of Sociedad Quimica y Minera de Chile by 72.4% in the 1st quarter. US Bancorp DE now owns 2,284 shares of the basic materials company’s stock valued at $112,000 after purchasing an additional 959 shares in the last quarter. IFP Advisors Inc raised its holdings in shares of Sociedad Quimica y Minera de Chile by 2,518.4% in the 1st quarter. IFP Advisors Inc now owns 2,566 shares of the basic materials company’s stock valued at $126,000 after purchasing an additional 2,468 shares in the last quarter. BB&T Securities LLC bought a new stake in shares of Sociedad Quimica y Minera de Chile in the 1st quarter valued at about $227,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in shares of Sociedad Quimica y Minera de Chile by 24.0% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 6,200 shares of the basic materials company’s stock valued at $298,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 9.52% of the company’s stock.

Shares of Sociedad Quimica y Minera de Chile stock opened at $42.20 on Wednesday. The company has a current ratio of 3.64, a quick ratio of 2.33 and a debt-to-equity ratio of 0.57. Sociedad Quimica y Minera de Chile has a 52-week low of $41.32 and a 52-week high of $64.20. The company has a market capitalization of $11.21 billion, a PE ratio of 25.89, a PEG ratio of 1.13 and a beta of 1.14.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its quarterly earnings data on Wednesday, August 22nd. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.13. Sociedad Quimica y Minera de Chile had a net margin of 20.56% and a return on equity of 21.19%. The firm had revenue of $638.70 million for the quarter, compared to the consensus estimate of $549.92 million. equities research analysts expect that Sociedad Quimica y Minera de Chile will post 1.88 earnings per share for the current fiscal year.

The company also recently disclosed a semiannual dividend, which will be paid on Monday, September 24th. Stockholders of record on Thursday, September 6th will be given a $0.5086 dividend. The ex-dividend date of this dividend is Wednesday, September 5th. This represents a dividend yield of 2.36%. This is an increase from Sociedad Quimica y Minera de Chile’s previous semiannual dividend of $0.42. Sociedad Quimica y Minera de Chile’s payout ratio is presently 67.48%.

Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Sociedad Quimica y Minera de Chile from a “sell” rating to a “hold” rating in a report on Wednesday, May 23rd. ValuEngine lowered shares of Sociedad Quimica y Minera de Chile from a “strong-buy” rating to a “buy” rating in a report on Friday, June 15th. UBS Group upgraded shares of Sociedad Quimica y Minera de Chile from an “underperform” rating to a “market perform” rating in a report on Thursday, May 24th. JPMorgan Chase & Co. reduced their price target on shares of Sociedad Quimica y Minera de Chile from $65.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, August 22nd. Finally, BMO Capital Markets boosted their price target on shares of Sociedad Quimica y Minera de Chile to $50.00 and gave the company an “underperform” rating in a report on Monday, August 27th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $55.00.

Sociedad Quimica y Minera de Chile Company Profile

Sociedad QuĂ­mica y Minera de Chile SA produces and distributes specialty plant nutrients, iodine and its derivatives, lithium and its derivatives, industrial chemicals, potassium, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty mixes, and other specialty fertilizers for crops, such as vegetables, fruits, and flowers under the Ultrasol, Qrop, Speedfol, and Allganic brands.

Further Reading: Calculate Your Return on Investment (ROI)

Want to see what other hedge funds are holding SQM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sociedad Quimica y Minera de Chile (NYSE:SQM).

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

Receive News & Ratings for Sociedad Quimica y Minera de Chile Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sociedad Quimica y Minera de Chile and related companies with MarketBeat.com's FREE daily email newsletter.