Sociedad Quimica y Minera de Chile (SQM) Shares Bought by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) by 65.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 29,432 shares of the basic materials company’s stock after acquiring an additional 11,657 shares during the period. Connor Clark & Lunn Investment Management Ltd.’s holdings in Sociedad Quimica y Minera de Chile were worth $1,346,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its holdings in shares of Sociedad Quimica y Minera de Chile by 86.3% in the second quarter. Wells Fargo & Company MN now owns 179,952 shares of the basic materials company’s stock worth $8,647,000 after purchasing an additional 83,349 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Sociedad Quimica y Minera de Chile by 24.0% in the second quarter. Nomura Asset Management Co. Ltd. now owns 6,200 shares of the basic materials company’s stock worth $298,000 after purchasing an additional 1,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Sociedad Quimica y Minera de Chile by 42.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 139,573 shares of the basic materials company’s stock worth $6,706,000 after purchasing an additional 41,643 shares during the last quarter. Navellier & Associates Inc grew its holdings in shares of Sociedad Quimica y Minera de Chile by 2.3% in the second quarter. Navellier & Associates Inc now owns 125,552 shares of the basic materials company’s stock worth $6,033,000 after purchasing an additional 2,775 shares during the last quarter. Finally, Trexquant Investment LP bought a new position in shares of Sociedad Quimica y Minera de Chile in the second quarter worth about $645,000. Institutional investors and hedge funds own 10.62% of the company’s stock.

Shares of Sociedad Quimica y Minera de Chile stock opened at $43.96 on Friday. The company has a current ratio of 4.34, a quick ratio of 2.64 and a debt-to-equity ratio of 0.57. Sociedad Quimica y Minera de Chile has a 1 year low of $39.54 and a 1 year high of $64.20. The stock has a market cap of $11.91 billion, a price-to-earnings ratio of 26.97, a price-to-earnings-growth ratio of 1.21 and a beta of 1.18.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its earnings results on Wednesday, November 21st. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.39 by ($0.07). Sociedad Quimica y Minera de Chile had a return on equity of 20.13% and a net margin of 19.41%. The business had revenue of $543.20 million for the quarter, compared to the consensus estimate of $596.76 million. As a group, equities research analysts forecast that Sociedad Quimica y Minera de Chile will post 1.79 earnings per share for the current fiscal year.

The firm also recently announced a semiannual dividend, which will be paid on Monday, December 24th. Shareholders of record on Wednesday, December 5th will be issued a dividend of $0.3173 per share. This represents a yield of 1.49%. The ex-dividend date is Tuesday, December 4th. Sociedad Quimica y Minera de Chile’s payout ratio is 50.31%.

A number of research analysts have recently commented on SQM shares. HSBC upgraded shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating in a report on Monday, December 3rd. Deutsche Bank set a $56.00 price target on shares of Sociedad Quimica y Minera de Chile and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded shares of Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a report on Friday, October 5th. BMO Capital Markets upped their price target on shares of Sociedad Quimica y Minera de Chile to $50.00 and gave the stock an “underperform” rating in a report on Monday, August 27th. Finally, ValuEngine cut shares of Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a report on Monday, August 20th. One analyst has rated the stock with a sell rating, five have given a hold rating and five have issued 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 $51.83.

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About Sociedad Quimica y Minera de Chile

Sociedad Química 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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