Northern Trust Corp Buys 231,010 Shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Northern Trust Corp lifted its holdings in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) by 367.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 about 0.10% of Sociedad Química y Minera de Chile worth $10,683,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Rakuten Securities Inc. raised its stake in Sociedad Química y Minera de Chile by 11.2% in the 4th quarter. Rakuten Securities Inc. now owns 4,119 shares of the basic materials company's stock valued at $150,000 after acquiring an additional 415 shares during the period. Vontobel Holding Ltd. raised its stake in Sociedad Química y Minera de Chile by 1.1% in the 4th quarter. Vontobel Holding Ltd. now owns 40,589 shares of the basic materials company's stock valued at $1,476,000 after acquiring an additional 452 shares during the period. Signaturefd LLC raised its stake in Sociedad Química y Minera de Chile by 18.1% in the 4th quarter. Signaturefd LLC now owns 2,953 shares of the basic materials company's stock valued at $107,000 after acquiring an additional 453 shares during the period. Sigma Planning Corp raised its stake in Sociedad Química y Minera de Chile by 4.7% in the 4th quarter. Sigma Planning Corp now owns 13,011 shares of the basic materials company's stock valued at $473,000 after acquiring an additional 581 shares during the period. Finally, Edmond DE Rothschild Holding S.A. raised its stake in Sociedad Química y Minera de Chile by 6.7% in the 4th quarter. Edmond DE Rothschild Holding S.A. now owns 9,612 shares of the basic materials company's stock valued at $349,000 after acquiring an additional 600 shares during the period. 12.41% of the stock is currently owned by institutional investors.

Sociedad Química y Minera de Chile Stock Performance

Sociedad Química y Minera de Chile stock traded down $0.34 during midday trading on Friday, reaching $32.96. The stock had a trading volume of 793,943 shares, compared to its average volume of 1,063,673. Sociedad Química y Minera de Chile S.A. has a 12 month low of $31.27 and a 12 month high of $50.73. The firm's 50-day moving average price is $36.30 and its 200 day moving average price is $38.08. The firm has a market capitalization of $9.41 billion, a PE ratio of -29.69, a P/E/G ratio of 5.00 and a beta of 1.11. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last announced its quarterly 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 company had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.01 billion. As a group, research analysts predict 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.