Krane Funds Advisors LLC lowered its position in Sociedad Quimica y Minera de Chile (NYSE:SQM) by 15.2% in the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,129 shares of the basic materials company’s stock after selling 1,641 shares during the period. Krane Funds Advisors LLC’s holdings in Sociedad Quimica y Minera de Chile were worth $351,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Jennison Associates LLC raised its position in shares of Sociedad Quimica y Minera de Chile by 1.9% in the 4th quarter. Jennison Associates LLC now owns 24,239 shares of the basic materials company’s stock worth $928,000 after acquiring an additional 461 shares in the last quarter. Commonwealth Equity Services LLC raised its position in shares of Sociedad Quimica y Minera de Chile by 7.1% in the 4th quarter. Commonwealth Equity Services LLC now owns 10,304 shares of the basic materials company’s stock worth $394,000 after acquiring an additional 681 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Sociedad Quimica y Minera de Chile by 18.6% in the 4th quarter. Geode Capital Management LLC now owns 6,198 shares of the basic materials company’s stock worth $237,000 after acquiring an additional 970 shares in the last quarter. Daiwa Securities Group Inc. bought a new position in shares of Sociedad Quimica y Minera de Chile in the 4th quarter worth approximately $38,000. Finally, Virtus ETF Advisers LLC raised its position in shares of Sociedad Quimica y Minera de Chile by 145.2% in the 4th quarter. Virtus ETF Advisers LLC now owns 1,736 shares of the basic materials company’s stock worth $66,000 after acquiring an additional 1,028 shares in the last quarter. 11.08% of the stock is owned by hedge funds and other institutional investors.

SQM stock opened at $34.32 on Thursday. Sociedad Quimica y Minera de Chile has a twelve month low of $33.58 and a twelve month high of $58.45. The company has a debt-to-equity ratio of 0.62, a current ratio of 4.32 and a quick ratio of 2.67. The company has a market cap of $9.03 billion, a P/E ratio of 20.55, a P/E/G ratio of 1.42 and a beta of 1.02.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last posted its quarterly earnings data on Thursday, February 28th. The basic materials company reported $0.41 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.03). Sociedad Quimica y Minera de Chile had a net margin of 19.41% and a return on equity of 20.29%. The company had revenue of $565.20 million for the quarter, compared to the consensus estimate of $560.66 million. Equities research analysts forecast that Sociedad Quimica y Minera de Chile will post 1.59 earnings per share for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Friday, May 3rd. Investors of record on Friday, May 3rd were given a dividend of $0.268 per share. The ex-dividend date of this dividend was Thursday, May 2nd. Sociedad Quimica y Minera de Chile’s dividend payout ratio (DPR) is presently 64.07%.

Several brokerages have recently issued reports on SQM. Santander lowered Sociedad Quimica y Minera de Chile from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Morgan Stanley reaffirmed an “underweight” rating and set a $35.00 price objective (down previously from $44.00) on shares of Sociedad Quimica y Minera de Chile in a research report on Friday, April 12th. Zacks Investment Research lowered Sociedad Quimica y Minera de Chile from a “hold” rating to a “strong sell” rating in a research report on Wednesday, March 13th. JPMorgan Chase & Co. lowered Sociedad Quimica y Minera de Chile from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $51.00 to $43.00 in a research report on Friday, March 1st. Finally, TheStreet lowered Sociedad Quimica y Minera de Chile from a “b-” rating to a “c” rating in a research report on Tuesday, March 19th. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $42.63.

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Sociedad Quimica y Minera de Chile Company Profile

Sociedad QuĂ­mica 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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