State Street Corp Buys 52,315 Shares of Sociedad Quimica y Minera S.A. (SQM)

State Street Corp boosted its stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 11.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 509,745 shares of the basic materials company’s stock after purchasing an additional 52,315 shares during the quarter. State Street Corp owned approximately 0.19% of Sociedad Quimica y Minera worth $16,831,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SQM. Ameriprise Financial Inc. purchased a new position in shares of Sociedad Quimica y Minera in the 1st quarter valued at about $251,000. Morgan Stanley grew its stake in Sociedad Quimica y Minera by 23.9% during the 1st quarter. Morgan Stanley now owns 126,456 shares of the basic materials company’s stock worth $4,346,000 after buying an additional 24,434 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Sociedad Quimica y Minera by 17.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 73,610 shares of the basic materials company’s stock worth $2,530,000 after buying an additional 10,680 shares during the last quarter. Credit Suisse AG grew its stake in Sociedad Quimica y Minera by 45.2% during the 1st quarter. Credit Suisse AG now owns 112,086 shares of the basic materials company’s stock worth $3,852,000 after buying an additional 34,889 shares during the last quarter. Finally, Capstone Asset Management Co. grew its stake in Sociedad Quimica y Minera by 2.7% during the 2nd quarter. Capstone Asset Management Co. now owns 15,413 shares of the basic materials company’s stock worth $509,000 after buying an additional 410 shares during the last quarter. Institutional investors own 12.74% of the company’s stock.

A number of analysts have weighed in on SQM shares. Zacks Investment Research raised Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $64.00 price objective for the company in a research report on Saturday, November 18th. cut Sociedad Quimica y Minera from a “buy” rating to a “reduce” rating in a research report on Wednesday, October 11th. Bank of America raised Sociedad Quimica y Minera from a “neutral” rating to a “buy” rating in a research report on Wednesday, September 13th. ValuEngine cut Sociedad Quimica y Minera from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Finally, BMO Capital Markets raised their price target on Sociedad Quimica y Minera to $60.00 and gave the company an “average” rating in a report on Wednesday, October 25th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $50.22.

Shares of Sociedad Quimica y Minera S.A. (SQM) traded down $1.53 during mid-day trading on Wednesday, reaching $50.20. The company had a trading volume of 1,255,250 shares, compared to its average volume of 974,781. The firm has a market capitalization of $13,836.27, a PE ratio of 34.81, a PEG ratio of 0.97 and a beta of 1.01. Sociedad Quimica y Minera S.A. has a 52-week low of $26.68 and a 52-week high of $63.80. The company has a debt-to-equity ratio of 0.45, a quick ratio of 2.31 and a current ratio of 3.79.

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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.

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

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