Sociedad Quimica y Minera de Chile (SQM) Position Boosted by Fmr LLC

Fmr LLC raised its position in shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) by 32.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 3,794,262 shares of the company’s stock after buying an additional 935,184 shares during the period. Fmr LLC owned about 1.44% of Sociedad Quimica y Minera de Chile worth $108,706,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Comerica Bank acquired a new stake in Sociedad Quimica y Minera de Chile during the fourth quarter worth $210,000. World Asset Management Inc acquired a new stake in Sociedad Quimica y Minera de Chile during the third quarter worth $217,000. Jennison Associates LLC acquired a new stake in Sociedad Quimica y Minera de Chile during the third quarter worth $283,000. Capstone Asset Management Co. boosted its stake in Sociedad Quimica y Minera de Chile by 0.6% in the third quarter. Capstone Asset Management Co. now owns 14,383 shares of the company’s stock worth $387,000 after buying an additional 80 shares during the period. Finally, Henderson Group PLC boosted its stake in Sociedad Quimica y Minera de Chile by 1.2% in the third quarter. Henderson Group PLC now owns 15,580 shares of the company’s stock worth $419,000 after buying an additional 180 shares during the period. 18.82% of the stock is currently owned by institutional investors.

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

Shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) opened at 32.99 on Friday. Sociedad Quimica y Minera de Chile has a one year low of $18.70 and a one year high of $34.84. The company’s 50-day moving average price is $32.83 and its 200 day moving average price is $29.25. The company has a market cap of $8.61 billion, a PE ratio of 31.12 and a beta of 1.10.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last posted its earnings results on Thursday, March 2nd. The company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.03. Sociedad Quimica y Minera de Chile had a net margin of 13.47% and a return on equity of 10.19%. Equities analysts forecast that Sociedad Quimica y Minera de Chile will post $1.48 EPS for the current fiscal year.

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Several equities research analysts recently commented on the company. Scotiabank cut Sociedad Quimica y Minera de Chile from an “outperform” rating to a “sector perform” rating in a report on Monday, November 28th. BMO Capital Markets reissued a “hold” rating and set a $30.00 target price on shares of Sociedad Quimica y Minera de Chile in a report on Monday, November 28th. Zacks Investment Research raised Sociedad Quimica y Minera de Chile from a “sell” rating to a “hold” rating in a report on Tuesday, November 29th. Deutsche Bank AG assumed coverage on Sociedad Quimica y Minera de Chile in a report on Tuesday, November 15th. They set a “buy” rating and a $33.00 target price on the stock. Finally, Citigroup Inc raised Sociedad Quimica y Minera de Chile from a “sell” rating to a “neutral” rating in a report on Wednesday, January 25th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Sociedad Quimica y Minera de Chile has an average rating of “Buy” and an average price target of $31.60.

About Sociedad Quimica y Minera de Chile

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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