Bank of New York Mellon Corp Buys New Stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Bank of New York Mellon Corp purchased a new stake in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,819 shares of the basic materials company’s stock, valued at approximately $393,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. FMR LLC raised its stake in Sociedad Química y Minera de Chile by 1,076.3% in the 3rd quarter. FMR LLC now owns 18,726 shares of the basic materials company’s stock valued at $781,000 after purchasing an additional 17,134 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Sociedad Química y Minera de Chile by 15.7% during the third quarter. BNP Paribas Financial Markets now owns 152,048 shares of the basic materials company’s stock worth $6,337,000 after buying an additional 20,616 shares in the last quarter. Manning & Napier Advisors LLC acquired a new stake in shares of Sociedad Química y Minera de Chile in the fourth quarter valued at about $120,395,000. D.B. Root & Company LLC purchased a new position in shares of Sociedad Química y Minera de Chile in the fourth quarter worth about $252,000. Finally, Atria Wealth Solutions Inc. boosted its position in Sociedad Química y Minera de Chile by 55.1% during the fourth quarter. Atria Wealth Solutions Inc. now owns 19,275 shares of the basic materials company’s stock worth $701,000 after acquiring an additional 6,846 shares during the last quarter. Hedge funds and other institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Price Performance

SQM stock opened at $40.24 on Friday. Sociedad Química y Minera de Chile S.A. has a 1 year low of $32.24 and a 1 year high of $51.90. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.94 and a quick ratio of 2.05. The firm has a market capitalization of $11.49 billion, a PE ratio of -36.25, a price-to-earnings-growth ratio of 5.00 and a beta of 1.08. The business has a 50 day simple moving average of $40.37 and a 200-day simple moving average of $39.46.

Sociedad Química y Minera de Chile (NYSE:SQM) last posted its earnings results 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 analyst estimates of $1.01 billion. Equities research analysts anticipate that Sociedad Química y Minera de Chile S.A. will post -1.31 earnings per share for the current fiscal 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.