Sociedad Quimica y Minera de Chile (SQM) is Boston Common Asset Management LLC’s 5th Largest Position

Boston Common Asset Management LLC lifted its position in Sociedad Quimica y Minera de Chile (NYSE:SQM) by 0.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 463,692 shares of the basic materials company’s stock after purchasing an additional 2,923 shares during the quarter. Sociedad Quimica y Minera de Chile comprises approximately 2.6% of Boston Common Asset Management LLC’s portfolio, making the stock its 5th largest holding. Boston Common Asset Management LLC owned approximately 0.18% of Sociedad Quimica y Minera de Chile worth $21,200,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Zurich Insurance Group Ltd FI bought a new position in Sociedad Quimica y Minera de Chile in the second quarter valued at $130,000. Caisse DE Depot ET Placement DU Quebec bought a new position in Sociedad Quimica y Minera de Chile in the second quarter valued at $202,000. Ipswich Investment Management Co. Inc. bought a new position in Sociedad Quimica y Minera de Chile in the third quarter valued at $202,000. Cozad Asset Management Inc. bought a new position in Sociedad Quimica y Minera de Chile in the second quarter valued at $210,000. Finally, Pinnacle Associates Ltd. bought a new position in Sociedad Quimica y Minera de Chile in the second quarter valued at $244,000. 9.43% of the stock is currently owned by hedge funds and other institutional investors.

NYSE SQM opened at $47.40 on Friday. The company has a quick ratio of 2.33, a current ratio of 3.64 and a debt-to-equity ratio of 0.57. Sociedad Quimica y Minera de Chile has a 12-month low of $39.54 and a 12-month high of $64.20. The stock has a market cap of $12.48 billion, a price-to-earnings ratio of 29.08, a price-to-earnings-growth ratio of 1.18 and a beta of 1.13.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last posted its quarterly earnings results on Wednesday, August 22nd. The basic materials company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.38 by $0.13. Sociedad Quimica y Minera de Chile had a net margin of 20.56% and a return on equity of 21.19%. The business had revenue of $638.70 million during the quarter, compared to analyst estimates of $549.92 million. Sell-side analysts predict that Sociedad Quimica y Minera de Chile will post 1.92 earnings per share for the current fiscal year.

A number of research firms recently commented on SQM. Zacks Investment Research raised Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Sunday, July 15th. TheStreet raised Sociedad Quimica y Minera de Chile from a “c” rating to a “b-” rating in a research note on Monday, October 1st. Jefferies Financial Group began 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 target price on the stock. Deutsche Bank set a $56.00 target price on Sociedad Quimica y Minera de Chile and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Finally, JPMorgan Chase & Co. reduced their target price on Sociedad Quimica y Minera de Chile from $65.00 to $53.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 22nd. One equities research 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. The company presently has a consensus rating of “Hold” and a consensus price target of $53.00.

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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