Canada Pension Plan Investment Board Acquires 73,000 Shares of Sociedad Quimica y Minera S.A. (SQM)

Canada Pension Plan Investment Board lifted its holdings in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 129.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,551 shares of the basic materials company’s stock after acquiring an additional 73,000 shares during the period. Canada Pension Plan Investment Board’s holdings in Sociedad Quimica y Minera were worth $7,211,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Pacad Investment Ltd. acquired a new stake in shares of Sociedad Quimica y Minera in the second quarter worth $116,000. Nomura Asset Management Co. Ltd. increased its position in shares of Sociedad Quimica y Minera by 20.0% in the first quarter. Nomura Asset Management Co. Ltd. now owns 4,200 shares of the basic materials company’s stock worth $144,000 after acquiring an additional 700 shares in the last quarter. Acrospire Investment Management LLC grew its holdings in Sociedad Quimica y Minera by 307.5% during the 2nd quarter. Acrospire Investment Management LLC now owns 5,298 shares of the basic materials company’s stock valued at $175,000 after purchasing an additional 3,998 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Sociedad Quimica y Minera during the 2nd quarter valued at $204,000. Finally, Raymond James Trust N.A. acquired a new stake in Sociedad Quimica y Minera during the 3rd quarter valued at $220,000. 14.43% of the stock is owned by institutional investors.

SQM has been the subject of a number of recent analyst reports. HSBC Holdings plc lowered shares of Sociedad Quimica y Minera from a “buy” rating to a “reduce” rating in a report on Wednesday, October 11th. Bank of America Corporation raised shares of Sociedad Quimica y Minera from a “neutral” rating to a “buy” rating in a report on Wednesday, September 13th. Zacks Investment Research raised shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $49.00 price target for the company in a report on Wednesday, August 23rd. BMO Capital Markets reaffirmed a “market perform” rating and set a $50.00 price target (up from $45.00) on shares of Sociedad Quimica y Minera in a report on Friday, October 6th. Finally, BidaskClub raised shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating in a report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have given a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $46.47.

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Shares of Sociedad Quimica y Minera S.A. (SQM) opened at $57.76 on Monday. The firm has a market cap of $15,202.26, a price-to-earnings ratio of 44.78, a P/E/G ratio of 1.10 and a beta of 1.06. Sociedad Quimica y Minera S.A. has a fifty-two week low of $26.47 and a fifty-two week high of $63.80. The company has a current ratio of 4.19, a quick ratio of 2.47 and a debt-to-equity ratio of 0.47.

Sociedad Quimica y Minera (NYSE:SQM) last posted its quarterly earnings data on Wednesday, August 23rd. The basic materials company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.01). Sociedad Quimica y Minera had a net margin of 16.28% and a return on equity of 14.90%. The company had revenue of $505.70 million for the quarter, compared to the consensus estimate of $500.49 million. equities analysts anticipate that Sociedad Quimica y Minera S.A. will post 1.61 earnings per share for the current year.

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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