Sociedad Quimica y Minera de Chile (SQM) Shares Bought by William Blair Investment Management LLC

William Blair Investment Management LLC increased its holdings in shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) by 3.0% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 831,897 shares of the basic materials company’s stock after purchasing an additional 24,540 shares during the period. William Blair Investment Management LLC owned 0.32% of Sociedad Quimica y Minera de Chile worth $38,033,000 as of its most recent filing with the SEC.

A number of other institutional investors have also bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Sociedad Quimica y Minera de Chile by 17,033.2% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,294,927 shares of the basic materials company’s stock worth $59,203,000 after acquiring an additional 1,287,369 shares during the period. Schroder Investment Management Group boosted its holdings in shares of Sociedad Quimica y Minera de Chile by 166.6% during the third quarter. Schroder Investment Management Group now owns 1,218,808 shares of the basic materials company’s stock worth $55,724,000 after acquiring an additional 761,708 shares during the period. FMR LLC boosted its holdings in shares of Sociedad Quimica y Minera de Chile by 156.1% during the third quarter. FMR LLC now owns 1,027,900 shares of the basic materials company’s stock worth $46,995,000 after acquiring an additional 626,500 shares during the period. Macquarie Group Ltd. boosted its holdings in shares of Sociedad Quimica y Minera de Chile by 4.8% during the second quarter. Macquarie Group Ltd. now owns 674,395 shares of the basic materials company’s stock worth $32,405,000 after acquiring an additional 30,900 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Sociedad Quimica y Minera de Chile by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 590,708 shares of the basic materials company’s stock worth $27,015,000 after acquiring an additional 1,961 shares during the period. Institutional investors and hedge funds own 10.07% of the company’s stock.

Shares of SQM stock opened at $44.00 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 4.34 and a quick ratio of 2.33. The company has a market capitalization of $11.58 billion, a P/E ratio of 26.99, a P/E/G ratio of 1.18 and a beta of 1.13. Sociedad Quimica y Minera de Chile has a 1 year low of $39.54 and a 1 year high of $64.20.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its quarterly earnings results on Wednesday, November 21st. The basic materials company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.07). The company had revenue of $543.20 million during the quarter, compared to the consensus estimate of $596.76 million. Sociedad Quimica y Minera de Chile had a net margin of 19.41% and a return on equity of 20.13%. As a group, analysts predict that Sociedad Quimica y Minera de Chile will post 1.79 earnings per share for the current year.

The business also recently declared a semiannual dividend, which will be paid on Monday, December 24th. Investors of record on Wednesday, December 5th will be paid a $0.3173 dividend. This represents a dividend yield of 1.49%. The ex-dividend date is Tuesday, December 4th. Sociedad Quimica y Minera de Chile’s dividend payout ratio (DPR) is currently 79.75%.

SQM has been the subject of a number of research analyst reports. TheStreet cut Sociedad Quimica y Minera de Chile from a “b” rating to a “c” rating in a report on Friday, August 24th. JPMorgan Chase & Co. reduced their price objective on Sociedad Quimica y Minera de Chile from $65.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, August 22nd. Zacks Investment Research upgraded Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Friday, October 5th. Jefferies Financial Group initiated coverage on Sociedad Quimica y Minera de Chile in a report on Wednesday, October 3rd. They set a “hold” rating and a $51.00 price objective for the company. Finally, BMO Capital Markets started coverage on Sociedad Quimica y Minera de Chile in a report on Monday, October 29th. They set an “outperform” rating for the company. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Sociedad Quimica y Minera de Chile presently has a consensus rating of “Hold” and a consensus target price of $51.83.

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Sociedad Quimica y Minera de Chile Profile

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.

Further Reading: Why do company’s buyback their stock?

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Institutional Ownership by Quarter for Sociedad Quimica y Minera de Chile (NYSE:SQM)

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