Raymond James Financial Inc. Makes New Investment in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Raymond James Financial Inc. acquired a new position in shares of Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 7,191 shares of the basic materials company's stock, valued at approximately $261,000.

Several other large investors also recently made changes to their positions in the business. Manning & Napier Advisors LLC purchased a new position in Sociedad Química y Minera de Chile in the 4th quarter worth approximately $120,395,000. Van ECK Associates Corp grew its stake in shares of Sociedad Química y Minera de Chile by 28.4% during 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 acquiring an additional 177,898 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC lifted its stake in shares of Sociedad Química y Minera de Chile by 5.7% in the fourth quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 3,302,897 shares of the basic materials company's stock worth $120,093,000 after acquiring an additional 177,323 shares in the last quarter. Peregrine Investment Management Inc. purchased a new position in Sociedad Química y Minera de Chile in the fourth quarter valued at about $5,505,000. Finally, Boston Partners purchased a new stake in Sociedad Química y Minera de Chile during the 4th quarter worth approximately $3,978,000. Institutional investors and hedge funds own 12.41% of the company's stock.

Sociedad Química y Minera de Chile Stock Down 0.6%

Shares of Sociedad Química y Minera de Chile stock traded down $0.22 on Wednesday, hitting $35.66. 503,009 shares of the company's stock traded hands, compared to its average volume of 1,071,830. The company has a quick ratio of 2.05, a current ratio of 2.94 and a debt-to-equity ratio of 0.74. The firm's 50-day moving average is $37.70 and its 200 day moving average is $38.37. The stock has a market cap of $10.19 billion, a P/E ratio of -32.13, a PEG ratio of 5.00 and a beta of 1.11. Sociedad Química y Minera de Chile S.A. has a 52-week low of $31.27 and a 52-week high of $50.73.

Sociedad Química y Minera de Chile (NYSE:SQM - Get Free Report) last released 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). The company had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.01 billion. Sociedad Química y Minera de Chile had a positive return on equity of 16.12% and a negative net margin of 6.74%. Equities analysts anticipate 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.