Parametric Portfolio Associates LLC reduced its stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 10.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 573,136 shares of the basic materials company’s stock after selling 65,625 shares during the period. Parametric Portfolio Associates LLC owned about 0.22% of Sociedad Quimica y Minera worth $18,925,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of SQM. William Blair Investment Management LLC acquired a new stake in shares of Sociedad Quimica y Minera in the 2nd quarter valued at approximately $66,475,000. Artisan Partners Limited Partnership acquired a new stake in shares of Sociedad Quimica y Minera in the 2nd quarter valued at approximately $36,635,000. Goldman Sachs Group Inc. boosted its stake in shares of Sociedad Quimica y Minera by 155.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 984,749 shares of the basic materials company’s stock valued at $33,846,000 after purchasing an additional 599,929 shares in the last quarter. Boston Common Asset Management LLC acquired a new stake in shares of Sociedad Quimica y Minera in the 1st quarter valued at approximately $16,336,000. Finally, Marshall Wace North America L.P. boosted its stake in shares of Sociedad Quimica y Minera by 229.4% in the 2nd quarter. Marshall Wace North America L.P. now owns 363,859 shares of the basic materials company’s stock valued at $12,007,000 after purchasing an additional 253,403 shares in the last quarter. Institutional investors own 13.67% of the company’s stock.

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Shares of Sociedad Quimica y Minera S.A. (NYSE SQM) opened at 59.44 on Thursday. Sociedad Quimica y Minera S.A. has a 52-week low of $26.28 and a 52-week high of $63.80. The company’s 50-day moving average is $51.29 and its 200 day moving average is $39.94. The firm has a market capitalization of $15.64 billion, a P/E ratio of 45.86 and a beta of 1.07.

Sociedad Quimica y Minera (NYSE:SQM) last issued its earnings results on Wednesday, August 23rd. The basic materials company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ 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 return on equity of 14.90% and a net margin of 16.28%. Analysts expect that Sociedad Quimica y Minera S.A. will post $1.60 EPS for the current fiscal year.

The company also recently announced a None dividend, which was paid on Wednesday, September 27th. Shareholders of record on Friday, September 8th were paid a $0.25 dividend. The ex-dividend date was Thursday, September 7th. Sociedad Quimica y Minera’s dividend payout ratio is currently 114.73%.

A number of equities research analysts have recently weighed in on SQM shares. BidaskClub downgraded shares of Sociedad Quimica y Minera from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Bank of America Corporation upgraded shares of Sociedad Quimica y Minera from a “neutral” rating to a “buy” rating in a research note on Wednesday, September 13th. BMO Capital Markets restated a “market perform” rating and issued a $45.00 price target (up from $35.00) on shares of Sociedad Quimica y Minera in a research note on Tuesday, August 29th. Santander upgraded shares of Sociedad Quimica y Minera from an “underperform” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, Zacks Investment Research upgraded shares of 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 note on Wednesday, August 23rd. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $41.18.

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.

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

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