Vanguard Group Inc. reduced its holdings in shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,154,082 shares of the basic materials company’s stock after selling 39,382 shares during the period. Vanguard Group Inc.’s holdings in Sociedad Quimica y Minera de Chile were worth $35,904,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Scotia Capital Inc. grew its position in Sociedad Quimica y Minera de Chile by 3.0% during the second quarter. Scotia Capital Inc. now owns 16,047 shares of the basic materials company’s stock valued at $499,000 after acquiring an additional 473 shares during the last quarter. JPMorgan Chase & Co. grew its position in Sociedad Quimica y Minera de Chile by 494.1% during the second quarter. JPMorgan Chase & Co. now owns 148,998 shares of the basic materials company’s stock valued at $4,701,000 after acquiring an additional 123,918 shares during the last quarter. Allianz Asset Management GmbH grew its position in Sociedad Quimica y Minera de Chile by 1,719.3% during the second quarter. Allianz Asset Management GmbH now owns 363,864 shares of the basic materials company’s stock valued at $11,320,000 after acquiring an additional 343,864 shares during the last quarter. Arden Trust Co bought a new position in Sociedad Quimica y Minera de Chile during the second quarter valued at approximately $350,000. Finally, Boston Common Asset Management LLC grew its position in Sociedad Quimica y Minera de Chile by 31.7% during the second quarter. Boston Common Asset Management LLC now owns 638,382 shares of the basic materials company’s stock valued at $19,860,000 after acquiring an additional 153,585 shares during the last quarter. Institutional investors and hedge funds own 10.04% of the company’s stock.

Shares of Sociedad Quimica y Minera de Chile stock traded up $0.03 on Wednesday, hitting $27.90. The stock had a trading volume of 15,806 shares, compared to its average volume of 478,888. The company has a quick ratio of 1.83, a current ratio of 2.80 and a debt-to-equity ratio of 0.63. Sociedad Quimica y Minera de Chile has a one year low of $22.71 and a one year high of $48.63. The stock has a market cap of $7.34 billion, a price-to-earnings ratio of 16.69, a PEG ratio of 2.46 and a beta of 1.16. The stock’s 50-day simple moving average is $26.53 and its two-hundred day simple moving average is $30.70.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its earnings results on Wednesday, August 21st. The basic materials company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.09). Sociedad Quimica y Minera de Chile had a return on equity of 16.04% and a net margin of 16.27%. The firm had revenue of $494.10 million during the quarter, compared to the consensus estimate of $525.73 million. During the same quarter in the prior year, the business posted $0.51 EPS. The firm’s revenue for the quarter was down 22.6% on a year-over-year basis. As a group, equities analysts predict that Sociedad Quimica y Minera de Chile will post 1.15 EPS for the current fiscal year.

The company also recently announced a — dividend, which was paid on Monday, September 23rd. Stockholders of record on Friday, September 6th were issued a $0.2667 dividend. This represents a dividend yield of 4.3%. The ex-dividend date was Thursday, September 5th. Sociedad Quimica y Minera de Chile’s dividend payout ratio is 41.32%.

SQM has been the topic of a number of recent research reports. Citigroup reiterated a “neutral” rating and set a $25.00 price target (down from $33.00) on shares of Sociedad Quimica y Minera de Chile in a research report on Monday, August 26th. BMO Capital Markets set a $24.00 price target on shares of Sociedad Quimica y Minera de Chile and gave the company a “hold” rating in a research report on Friday, August 23rd. ValuEngine upgraded shares of Sociedad Quimica y Minera de Chile from a “sell” rating to a “hold” rating in a research report on Tuesday, September 10th. Jefferies Financial Group set a $26.00 target price on shares of Sociedad Quimica y Minera de Chile and gave the stock a “hold” rating in a report on Friday, August 23rd. Finally, Morgan Stanley upgraded shares of Sociedad Quimica y Minera de Chile from an “underweight” rating to an “equal weight” rating in a report on Friday, July 12th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has assigned a buy rating to the company’s stock. Sociedad Quimica y Minera de Chile currently has an average rating of “Hold” and an average target price of $29.50.

About Sociedad Quimica y Minera de Chile

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.

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

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