Sociedad Química y Minera de Chile S.A. (NYSE:SQM) Shares Acquired by Northern Trust Corp

Northern Trust Corp grew its position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 367.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 293,799 shares of the basic materials company’s stock after acquiring an additional 231,010 shares during the period. Northern Trust Corp’s holdings in Sociedad Química y Minera de Chile were worth $10,683,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of SQM. Manning & Napier Advisors LLC acquired a new stake in Sociedad Química y Minera de Chile in the fourth quarter valued at approximately $120,395,000. Van ECK Associates Corp raised its position in shares of Sociedad Química y Minera de Chile by 28.4% in the fourth quarter. Van ECK Associates Corp now owns 804,913 shares of the basic materials company’s stock valued at $29,267,000 after buying an additional 177,898 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC raised its holdings in Sociedad Química y Minera de Chile by 5.7% in the 4th quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,302,897 shares of the basic materials company’s stock valued at $120,093,000 after acquiring an additional 177,323 shares during the last quarter. Peregrine Investment Management Inc. acquired a new stake in shares of Sociedad Química y Minera de Chile in the 4th quarter worth $5,505,000. Finally, Marshall Wace LLP boosted its holdings in Sociedad Química y Minera de Chile by 1,416.8% in the 4th quarter. Marshall Wace LLP now owns 141,214 shares of the basic materials company’s stock valued at $5,135,000 after purchasing an additional 131,904 shares during the last quarter. 12.41% of the stock is currently owned by institutional investors and hedge funds.

Sociedad Química y Minera de Chile Stock Down 0.7%

SQM stock opened at $34.83 on Friday. Sociedad Química y Minera de Chile S.A. has a one year low of $31.27 and a one year high of $50.73. The firm’s 50 day moving average price is $37.28 and its 200-day moving average price is $38.26. The firm has a market cap of $9.95 billion, a PE ratio of -31.38, 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.

Sociedad Química y Minera de Chile (NYSE:SQM) last posted its quarterly earnings data on Tuesday, March 4th. The basic materials company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $1.07 billion during the quarter, compared to analysts’ expectations of $1.01 billion. On average, equities research analysts anticipate that Sociedad Química y Minera de Chile S.A. will post -1.31 EPS for the current year.

Sociedad Química y Minera de Chile 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.