National Bank of Canada FI Takes Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

National Bank of Canada FI purchased a new position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) during the fourth quarter, Holdings Channel reports. The fund purchased 1,870 shares of the basic materials company’s stock, valued at approximately $68,000.

Several other institutional investors also recently added to or reduced their stakes in SQM. Manning & Napier Advisors LLC bought a new stake in Sociedad Química y Minera de Chile in the fourth quarter worth about $120,395,000. Van ECK Associates Corp lifted its stake in Sociedad Química y Minera de Chile by 28.4% in the fourth quarter. Van ECK Associates Corp now owns 804,913 shares of the basic materials company’s stock valued at $29,267,000 after purchasing an additional 177,898 shares during the last quarter. North of South Capital LLP grew its holdings in Sociedad Química y Minera de Chile by 19.1% during the fourth quarter. North of South Capital LLP now owns 597,057 shares of the basic materials company’s stock valued at $21,709,000 after purchasing an additional 95,564 shares during the period. State Street Corp increased its position in Sociedad Química y Minera de Chile by 8.9% in the third quarter. State Street Corp now owns 265,545 shares of the basic materials company’s stock worth $11,068,000 after buying an additional 21,778 shares during the last quarter. Finally, Peregrine Investment Management Inc. bought a new stake in shares of Sociedad Química y Minera de Chile in the fourth quarter valued at $5,505,000. Institutional investors own 12.41% of the company’s stock.

Sociedad Química y Minera de Chile Stock Up 4.4 %

Shares of NYSE SQM opened at $34.79 on Friday. 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 stock has a market capitalization of $9.94 billion, a PE ratio of -31.34, a P/E/G ratio of 5.00 and a beta of 0.99. Sociedad Química y Minera de Chile S.A. has a one year low of $31.27 and a one year high of $51.12. The business’s fifty day moving average price is $39.54 and its 200-day moving average price is $39.31.

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 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.10). The business had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.01 billion. Sociedad Química y Minera de Chile had a negative net margin of 6.74% and a positive return on equity of 16.12%. On average, equities research analysts anticipate that Sociedad Química y Minera de Chile S.A. will post -1.31 EPS for the current year.

Sociedad Química y Minera de Chile 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.