Vanguard Group Inc. cut its stake in Sociedad Quimica y Minera S.A. (NYSE:SQM) by 0.3% during the first quarter, Holdings Channel reports. The institutional investor owned 1,230,575 shares of the basic materials company’s stock after selling 3,789 shares during the period. Vanguard Group Inc.’s holdings in Sociedad Quimica y Minera were worth $42,295,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Comerica Bank raised its position in shares of Sociedad Quimica y Minera by 1.3% in the first quarter. Comerica Bank now owns 6,900 shares of the basic materials company’s stock valued at $242,000 after buying an additional 88 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of Sociedad Quimica y Minera by 3.4% in the first quarter. Capstone Asset Management Co. now owns 15,003 shares of the basic materials company’s stock valued at $516,000 after buying an additional 490 shares in the last quarter. Navellier & Associates Inc acquired a new stake in Sociedad Quimica y Minera during the first quarter worth about $5,313,000. Financial Architects Inc raised its stake in Sociedad Quimica y Minera by 18,723.8% in the first quarter. Financial Architects Inc now owns 3,953 shares of the basic materials company’s stock worth $136,000 after buying an additional 3,932 shares during the period. Finally, 1st Global Advisors Inc. acquired a new stake in Sociedad Quimica y Minera during the first quarter worth about $883,000. Hedge funds and other institutional investors own 16.00% of the company’s stock.

Sociedad Quimica y Minera S.A. (NYSE:SQM) traded down 0.12% during midday trading on Friday, reaching $41.09. 582,471 shares of the company’s stock were exchanged. Sociedad Quimica y Minera S.A. has a 52 week low of $24.22 and a 52 week high of $43.35. The firm has a market capitalization of $10.81 billion, a P/E ratio of 33.49 and a beta of 1.06. The stock’s 50 day moving average is $37.79 and its 200 day moving average is $35.17.

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A number of equities research analysts have issued reports on the stock. BidaskClub upgraded shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Deutsche Bank AG increased their target price on shares of Sociedad Quimica y Minera from $36.00 to $38.00 and gave the stock a “hold” rating in a report on Monday, May 22nd. BMO Capital Markets reiterated a “hold” rating and set a $35.00 target price on shares of Sociedad Quimica y Minera in a report on Friday, July 7th. Zacks Investment Research upgraded shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Wednesday, June 21st. Finally, Vetr upgraded shares of Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating and set a $38.88 target price on the stock in a report on Wednesday, May 3rd. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $36.98.

Sociedad Quimica y Minera Company Profile

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.

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

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