Navellier & Associates Inc purchased a new position in Sociedad Quimica y Minera de Chile (NYSE:SQM) during the first quarter, Holdings Channel reports. The firm purchased 154,594 shares of the basic materials company’s stock, valued at approximately $5,313,000. Navellier & Associates Inc owned 0.06% of Sociedad Quimica y Minera de Chile at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its position in shares of Sociedad Quimica y Minera de Chile by 32.7% in the fourth quarter. FMR LLC now owns 3,794,262 shares of the basic materials company’s stock worth $108,706,000 after buying an additional 935,184 shares during the period. Marshall Wace LLP acquired a new position in shares of Sociedad Quimica y Minera de Chile during the fourth quarter worth approximately $10,214,000. Westpac Banking Corp acquired a new position in shares of Sociedad Quimica y Minera de Chile during the third quarter worth approximately $7,704,000. AQR Capital Management LLC acquired a new position in shares of Sociedad Quimica y Minera de Chile during the fourth quarter worth approximately $7,431,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Sociedad Quimica y Minera de Chile during the fourth quarter worth approximately $7,027,000. Institutional investors own 18.82% of the company’s stock.

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

Shares of Sociedad Quimica y Minera de Chile (NYSE:SQM) traded down 1.00% on Friday, hitting $35.62. The company had a trading volume of 559,086 shares. The firm has a 50-day moving average price of $34.33 and a 200 day moving average price of $30.99. Sociedad Quimica y Minera de Chile has a 12-month low of $19.46 and a 12-month high of $37.24. The company has a market capitalization of $9.38 billion, a P/E ratio of 33.70 and a beta of 1.10.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last issued its quarterly earnings results on Wednesday, March 1st. The basic materials company reported $0.31 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.03. Sociedad Quimica y Minera de Chile had a return on equity of 10.19% and a net margin of 13.47%. The company had revenue of $553.80 million for the quarter, compared to analyst estimates of $480.35 million. Equities analysts expect that Sociedad Quimica y Minera de Chile will post $1.47 EPS for the current year.

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SQM has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Sociedad Quimica y Minera de Chile from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a report on Thursday, January 5th. Citigroup Inc upgraded Sociedad Quimica y Minera de Chile from a “sell” rating to a “neutral” rating in a report on Wednesday, January 25th. Finally, Deutsche Bank AG lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating and set a $36.00 price target for the company. in a report on Monday. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $32.20.

About Sociedad Quimica y Minera de Chile

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.

5 Day Chart for NYSE:SQM

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