Axiom International Investors LLC DE Sells 131,790 Shares of Sociedad Quimica y Minera de Chile (SQM)

Axiom International Investors LLC DE cut its stake in shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) by 26.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 358,730 shares of the basic materials company’s stock after selling 131,790 shares during the period. Axiom International Investors LLC DE owned 0.14% of Sociedad Quimica y Minera de Chile worth $16,401,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Nomura Asset Management Co. Ltd. boosted its position in Sociedad Quimica y Minera de Chile by 24.0% during the second quarter. Nomura Asset Management Co. Ltd. now owns 6,200 shares of the basic materials company’s stock valued at $298,000 after purchasing an additional 1,200 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in Sociedad Quimica y Minera de Chile by 15.3% in the third quarter. Crossmark Global Holdings Inc. now owns 11,089 shares of the basic materials company’s stock valued at $507,000 after buying an additional 1,475 shares during the period. Dimensional Fund Advisors LP raised its stake in Sociedad Quimica y Minera de Chile by 0.3% in the third quarter. Dimensional Fund Advisors LP now owns 590,708 shares of the basic materials company’s stock valued at $27,015,000 after buying an additional 1,961 shares during the period. DekaBank Deutsche Girozentrale raised its stake in Sociedad Quimica y Minera de Chile by 11.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 21,600 shares of the basic materials company’s stock valued at $906,000 after buying an additional 2,200 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Sociedad Quimica y Minera de Chile by 2.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 109,566 shares of the basic materials company’s stock valued at $5,265,000 after buying an additional 2,394 shares during the period. 10.07% of the stock is owned by hedge funds and other institutional investors.

SQM has been the topic of several research analyst reports. TheStreet upgraded Sociedad Quimica y Minera de Chile from a “c” rating to a “b-” rating in a research note on Monday, October 1st. JPMorgan Chase & Co. set a $52.00 price objective on Sociedad Quimica y Minera de Chile and gave the company a “buy” rating in a research note on Friday, November 16th. Deutsche Bank set a $53.00 price objective on Sociedad Quimica y Minera de Chile and gave the company a “buy” rating in a research note on Tuesday, November 13th. Zacks Investment Research upgraded Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Friday, October 5th. Finally, Jefferies Financial Group initiated coverage on Sociedad Quimica y Minera de Chile in a research note on Wednesday, October 3rd. They issued a “hold” rating and a $51.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $51.83.

NYSE:SQM opened at $44.02 on Friday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 2.33 and a current ratio of 4.34. The company has a market capitalization of $11.00 billion, a price-to-earnings ratio of 27.01, a price-to-earnings-growth ratio of 1.10 and a beta of 1.13. Sociedad Quimica y Minera de Chile has a 12-month low of $39.54 and a 12-month high of $64.20.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last announced its earnings results on Wednesday, November 21st. The basic materials company reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.07). The firm had revenue of $543.20 million for the quarter, compared to the consensus estimate of $596.76 million. Sociedad Quimica y Minera de Chile had a return on equity of 20.13% and a net margin of 19.41%. Equities research analysts predict that Sociedad Quimica y Minera de Chile will post 1.82 EPS for the current fiscal year.

The company also recently announced a semiannual dividend, which will be paid on Monday, December 24th. Stockholders of record on Wednesday, December 5th will be paid a dividend of $0.3173 per share. The ex-dividend date of this dividend is Tuesday, December 4th. This represents a dividend yield of 1.49%. Sociedad Quimica y Minera de Chile’s dividend payout ratio (DPR) is currently 79.75%.

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Sociedad Quimica y Minera de Chile Company Profile

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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