Northern Trust Corp Grows Stock Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Northern Trust Corp raised its stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 367.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 293,799 shares of the basic materials company’s stock after purchasing an additional 231,010 shares during the period. Northern Trust Corp owned 0.10% of Sociedad Química y Minera de Chile worth $10,683,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Kestra Investment Management LLC purchased a new position in Sociedad Química y Minera de Chile in the 4th quarter worth approximately $39,000. Jones Financial Companies Lllp increased its stake in Sociedad Química y Minera de Chile by 803.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,075 shares of the basic materials company’s stock worth $39,000 after acquiring an additional 956 shares during the last quarter. R Squared Ltd purchased a new stake in Sociedad Química y Minera de Chile during the 4th quarter valued at $58,000. National Bank of Canada FI purchased a new position in shares of Sociedad Química y Minera de Chile during the 4th quarter worth about $68,000. Finally, Avior Wealth Management LLC lifted its stake in Sociedad Química y Minera de Chile by 104.0% in the fourth quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company’s stock worth $77,000 after purchasing an additional 1,085 shares during the last quarter. 12.41% of the stock is currently owned by institutional investors.

Sociedad Química y Minera de Chile Trading Down 0.7%

NYSE SQM opened at $34.83 on Friday. The company has a current ratio of 2.94, a quick ratio of 2.05 and a debt-to-equity ratio of 0.74. The stock 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’s 50-day moving average price is $37.28 and its 200-day moving average price is $38.26. Sociedad Química y Minera de Chile S.A. has a 12 month low of $31.27 and a 12 month high of $50.73.

Sociedad Química y Minera de Chile (NYSE:SQM) last released its quarterly earnings data on Tuesday, March 4th. The basic materials company reported $0.42 earnings per share 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 the consensus estimate of $1.01 billion. Equities research analysts forecast that Sociedad Química y Minera de Chile S.A. will post -1.31 earnings per share for the current 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.