Dimensional Fund Advisors LP Sells 24,851 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Dimensional Fund Advisors LP reduced its position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 4.5% during the fourth quarter, Holdings Channel reports. The institutional investor owned 525,206 shares of the basic materials company’s stock after selling 24,851 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Sociedad Química y Minera de Chile were worth $19,099,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. CANADA LIFE ASSURANCE Co boosted its stake in Sociedad Química y Minera de Chile by 121.9% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 61,519 shares of the basic materials company’s stock valued at $2,236,000 after acquiring an additional 33,797 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in Sociedad Química y Minera de Chile during the 4th quarter worth $120,395,000. D.B. Root & Company LLC acquired a new position in Sociedad Química y Minera de Chile during the 4th quarter valued at about $252,000. Atria Wealth Solutions Inc. raised its stake in Sociedad Química y Minera de Chile by 55.1% in the fourth quarter. Atria Wealth Solutions Inc. now owns 19,275 shares of the basic materials company’s stock valued at $701,000 after buying an additional 6,846 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its holdings in Sociedad Química y Minera de Chile by 1.1% in the fourth quarter. Vontobel Holding Ltd. now owns 40,589 shares of the basic materials company’s stock worth $1,476,000 after acquiring an additional 452 shares in the last quarter. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Price Performance

Shares of SQM stock opened at $33.58 on Thursday. The firm has a market capitalization of $9.59 billion, a price-to-earnings ratio of -30.25, a PEG ratio of 5.00 and a beta of 1.11. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. The stock’s 50-day simple moving average is $38.03 and its 200-day simple moving average is $38.52. Sociedad Química y Minera de Chile S.A. has a fifty-two week low of $31.27 and a fifty-two week high of $50.73.

Sociedad Química y Minera de Chile (NYSE:SQM) last issued its quarterly earnings results on Tuesday, March 4th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.10). Sociedad Química y Minera de Chile had a negative net margin of 6.74% and a positive return on equity of 16.12%. The company had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.01 billion. As a group, equities analysts forecast that Sociedad Química y Minera de Chile S.A. will post -1.31 earnings per share for the current fiscal year.

Sociedad Química y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA operates as a mining company worldwide. The company offers specialty plant nutrients, including sodium potassium nitrate, specialty blends, and other specialty fertilizers under Ultrasol, Qrop, Speedfol, Allganic, Ultrasoline, ProP, and Prohydric brands. It also provides iodine and its derivatives for use in medical, agricultural, industrial, and human and animal nutrition products comprising x-ray contrast media, biocides, antiseptics and disinfectants, pharmaceutical intermediates, polarizing films for LCD and LED screens, chemicals, organic compounds, and pigments, as well as added to edible salt to prevent iodine deficiency disorders.