First Trust Advisors LP Acquires 1,236 Shares of Sociedad Quimica y Minera de Chile (SQM)

First Trust Advisors LP increased its holdings in shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) by 22.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,843 shares of the basic materials company’s stock after buying an additional 1,236 shares during the period. First Trust Advisors LP’s holdings in Sociedad Quimica y Minera de Chile were worth $406,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Iridian Asset Management LLC CT purchased a new stake in Sociedad Quimica y Minera de Chile during the 4th quarter worth approximately $135,108,000. Acadian Asset Management LLC increased its stake in Sociedad Quimica y Minera de Chile by 267.3% during the 4th quarter. Acadian Asset Management LLC now owns 23,737 shares of the basic materials company’s stock worth $1,409,000 after buying an additional 17,275 shares during the period. Stifel Financial Corp increased its stake in Sociedad Quimica y Minera de Chile by 166.6% during the 3rd quarter. Stifel Financial Corp now owns 26,835 shares of the basic materials company’s stock worth $1,505,000 after buying an additional 16,768 shares during the period. Elite Wealth Management Inc. purchased a new stake in Sociedad Quimica y Minera de Chile during the 4th quarter worth approximately $2,538,000. Finally, KBC Group NV increased its stake in Sociedad Quimica y Minera de Chile by 28.1% during the 4th quarter. KBC Group NV now owns 78,653 shares of the basic materials company’s stock worth $4,670,000 after buying an additional 17,251 shares during the period. 12.76% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of NYSE:SQM opened at $49.15 on Monday. Sociedad Quimica y Minera de Chile has a 52 week low of $32.38 and a 52 week high of $64.20. The company has a current ratio of 3.30, a quick ratio of 2.09 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $12,936.13, a price-to-earnings ratio of 30.15, a PEG ratio of 1.07 and a beta of 1.04.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last announced its quarterly earnings data on Wednesday, February 28th. The basic materials company reported $0.42 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.42. Sociedad Quimica y Minera de Chile had a net margin of 19.70% and a return on equity of 19.01%. The company had revenue of $574.80 million for the quarter, compared to the consensus estimate of $518.56 million. research analysts forecast that Sociedad Quimica y Minera de Chile will post 1.63 earnings per share for the current year.

SQM has been the topic of several recent research reports. Deutsche Bank raised shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and upped their target price for the stock from $52.00 to $70.00 in a research note on Thursday, January 18th. Citigroup raised shares of Sociedad Quimica y Minera de Chile from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 17th. ValuEngine raised shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. HSBC raised shares of Sociedad Quimica y Minera de Chile from a “reduce” rating to a “hold” rating in a research report on Thursday, March 8th. Finally, Scotiabank reissued a “hold” rating and issued a $60.00 price objective on shares of Sociedad Quimica y Minera de Chile in a research report on Thursday, January 18th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $57.65.

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

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