Strs Ohio Continues to Hold Stake in Sociedad Quimica y Minera S.A. (SQM)

Strs Ohio maintained its position in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) during the second quarter, according to its most recent filing with the SEC. The firm owned 668,679 shares of the basic materials company’s stock at the end of the second quarter. Strs Ohio owned 0.25% of Sociedad Quimica y Minera worth $22,079,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. PNC Financial Services Group Inc. increased its stake in Sociedad Quimica y Minera by 0.8% in the first quarter. PNC Financial Services Group Inc. now owns 10,248 shares of the basic materials company’s stock valued at $353,000 after buying an additional 78 shares in the last quarter. World Asset Management Inc increased its stake in shares of Sociedad Quimica y Minera by 1.1% in the first quarter. World Asset Management Inc now owns 7,468 shares of the basic materials company’s stock valued at $257,000 after buying an additional 84 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 valued at $242,000 after buying an additional 88 shares during the period. Capstone Asset Management Co. increased its stake in shares of Sociedad Quimica y Minera by 2.7% in the second quarter. Capstone Asset Management Co. now owns 15,413 shares of the basic materials company’s stock valued at $509,000 after buying an additional 410 shares during the period. Finally, Jennison Associates LLC increased its stake in shares of Sociedad Quimica y Minera by 4.6% in the first quarter. Jennison Associates LLC now owns 11,008 shares of the basic materials company’s stock valued at $378,000 after buying an additional 485 shares during the period. Hedge funds and other institutional investors own 16.00% of the company’s stock.

Sociedad Quimica y Minera S.A. (SQM) traded down 0.12% during midday trading on Friday, hitting $41.09. The stock had a trading volume of 582,471 shares. The firm has a 50 day moving average price of $37.79 and a 200 day moving average price of $35.17. Sociedad Quimica y Minera S.A. has a one year low of $24.22 and a one year high of $43.35. The stock has a market cap of $10.81 billion, a PE ratio of 33.49 and a beta of 1.06.

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Several research analysts have recently issued reports on SQM shares. BidaskClub raised Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 2nd. BMO Capital Markets reaffirmed a “hold” rating and set a $35.00 price objective on shares of Sociedad Quimica y Minera in a research report on Friday, July 7th. Zacks Investment Research raised Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a research report on Wednesday, June 21st. Deutsche Bank AG increased their price objective on Sociedad Quimica y Minera from $36.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, May 22nd. Finally, Vetr raised Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating and set a $38.88 target price for the company in a research note on Wednesday, May 3rd. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $36.98.

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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