Advisors Asset Management Inc. raised its position in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 81.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,595 shares of the basic materials company’s stock after buying an additional 12,866 shares during the period. Advisors Asset Management Inc.’s holdings in Sociedad Quimica y Minera were worth $944,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Sociedad Quimica y Minera by 86.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 119,123 shares of the basic materials company’s stock worth $4,094,000 after buying an additional 55,176 shares during the period. Pictet Asset Management Ltd. increased its stake in shares of Sociedad Quimica y Minera by 91.7% in the first quarter. Pictet Asset Management Ltd. now owns 118,873 shares of the basic materials company’s stock worth $4,086,000 after buying an additional 56,862 shares during the period. Comerica Bank increased its stake in shares of 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 buying an additional 88 shares during the period. Dorsey Wright & Associates increased its stake in shares of Sociedad Quimica y Minera by 42.4% in the first quarter. Dorsey Wright & Associates now owns 69,961 shares of the basic materials company’s stock worth $2,405,000 after buying an additional 20,826 shares during the period. Finally, Henderson Group PLC increased its stake in shares of Sociedad Quimica y Minera by 8.6% in the first quarter. Henderson Group PLC now owns 16,455 shares of the basic materials company’s stock worth $566,000 after buying an additional 1,297 shares during the period. Institutional investors own 13.67% of the company’s stock.

Shares of Sociedad Quimica y Minera S.A. (NYSE SQM) opened at 46.15 on Thursday. The stock has a market cap of $12.29 billion, a P/E ratio of 35.61 and a beta of 1.06. Sociedad Quimica y Minera S.A. has a 52-week low of $24.75 and a 52-week high of $48.12. The firm’s 50-day moving average price is $40.55 and its 200-day moving average price is $35.94.

Sociedad Quimica y Minera (NYSE:SQM) last posted its quarterly earnings results on Wednesday, August 23rd. The basic materials company reported $0.38 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by $0.01. The business 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 14.81% and a net margin of 16.28%. Equities analysts predict that Sociedad Quimica y Minera S.A. will post $1.55 EPS for the current year.

The firm also recently declared a semiannual dividend, which will be paid on Monday, September 25th. Investors of record on Friday, September 8th will be given a dividend of $0.3843 per share. The ex-dividend date is Thursday, September 7th. This is a positive change from Sociedad Quimica y Minera’s previous semiannual dividend of $0.15. This represents a yield of 1.63%. Sociedad Quimica y Minera’s payout ratio is presently 89.92%.

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A number of research firms have weighed in on SQM. BMO Capital Markets restated a “market perform” rating and set a $45.00 price target (up previously from $35.00) on shares of Sociedad Quimica y Minera in a research report on Tuesday. Zacks Investment Research upgraded Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Wednesday, August 23rd. BidaskClub upgraded Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. Deutsche Bank AG raised their price target on Sociedad Quimica y Minera from $36.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, May 22nd. Finally, Vetr upgraded Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating and set a $38.88 price target on the stock in a research report on Wednesday, May 3rd. Four research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $41.18.

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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