Sociedad Quimica y Minera S.A. (SQM) Shares Sold by Castleark Management LLC

Castleark Management LLC lowered its stake in shares of Sociedad Quimica y Minera S.A. (NYSE:SQM) by 28.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,665 shares of the basic materials company’s stock after selling 4,600 shares during the quarter. Castleark Management LLC’s holdings in Sociedad Quimica y Minera were worth $385,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its stake in shares of Sociedad Quimica y Minera by 0.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,248 shares of the basic materials company’s stock worth $353,000 after buying an additional 78 shares in the last quarter. Comerica Bank raised its stake in shares of Sociedad Quimica y Minera by 1.3% in the 1st quarter. Comerica Bank now owns 6,900 shares of the basic materials company’s stock worth $242,000 after buying an additional 88 shares in the last quarter. Jennison Associates LLC raised its stake in shares of Sociedad Quimica y Minera by 0.8% in the 2nd quarter. Jennison Associates LLC now owns 37,080 shares of the basic materials company’s stock worth $1,224,000 after buying an additional 278 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of Sociedad Quimica y Minera by 0.3% in the 2nd quarter. Van ECK Associates Corp now owns 138,379 shares of the basic materials company’s stock worth $4,569,000 after buying an additional 386 shares in the last quarter. Finally, Capstone Asset Management Co. raised its stake in shares of Sociedad Quimica y Minera by 2.7% in 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 in the last quarter. Institutional investors and hedge funds own 13.70% of the company’s stock.

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A number of research firms have recently commented on SQM. BidaskClub raised Sociedad Quimica y Minera from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Zacks Investment Research raised Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a research note on Wednesday, August 23rd. BMO Capital Markets reissued a “hold” rating and issued a $35.00 price objective on shares of Sociedad Quimica y Minera in a research note on Friday, July 7th. Santander raised Sociedad Quimica y Minera from an “underperform” rating to a “hold” rating in a research note on Wednesday, September 13th. Finally, HSBC Holdings plc lowered Sociedad Quimica y Minera from a “buy” rating to a “reduce” rating in a research report on Wednesday, October 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Sociedad Quimica y Minera presently has a consensus rating of “Buy” and an average price target of $46.47.

Shares of Sociedad Quimica y Minera S.A. (SQM) traded down 0.82% during midday trading on Friday, hitting $59.62. The stock had a trading volume of 166,515 shares. The stock has a 50 day moving average price of $56.90 and a 200-day moving average price of $42.68. Sociedad Quimica y Minera S.A. has a 52 week low of $26.47 and a 52 week high of $63.80. The stock has a market capitalization of $15.69 billion, a price-to-earnings ratio of 46.00 and a beta of 1.07.

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

The business also recently declared a None dividend, which was paid on Wednesday, September 27th. Stockholders of record on Friday, September 8th were paid a $0.25 dividend. The ex-dividend date was Thursday, September 7th. Sociedad Quimica y Minera’s dividend payout ratio (DPR) is currently 114.73%.

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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