Sociedad Quimica y Minera de Chile (SQM) is Boston Common Asset Management LLC’s 5th Largest Position

Boston Common Asset Management LLC cut its stake in Sociedad Quimica y Minera de Chile (NYSE:SQM) by 13.7% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 460,769 shares of the basic materials company’s stock after selling 73,412 shares during the period. Sociedad Quimica y Minera de Chile makes up about 2.7% of Boston Common Asset Management LLC’s portfolio, making the stock its 5th biggest holding. Boston Common Asset Management LLC owned approximately 0.18% of Sociedad Quimica y Minera de Chile worth $22,140,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in SQM. Financial Gravity Wealth Inc. acquired a new position in Sociedad Quimica y Minera de Chile in the 1st quarter valued at $104,000. US Bancorp DE raised its holdings in Sociedad Quimica y Minera de Chile by 72.4% in the 1st quarter. US Bancorp DE now owns 2,284 shares of the basic materials company’s stock valued at $112,000 after acquiring an additional 959 shares in the last quarter. IFP Advisors Inc raised its holdings in Sociedad Quimica y Minera de Chile by 2,518.4% in the 1st quarter. IFP Advisors Inc now owns 2,566 shares of the basic materials company’s stock valued at $126,000 after acquiring an additional 2,468 shares in the last quarter. BB&T Securities LLC acquired a new position in Sociedad Quimica y Minera de Chile in the 1st quarter valued at $227,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Sociedad Quimica y Minera de Chile by 24.0% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 6,200 shares of the basic materials company’s stock valued at $298,000 after acquiring an additional 1,200 shares in the last quarter. 10.32% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on SQM shares. Zacks Investment Research raised Sociedad Quimica y Minera de Chile from a “hold” rating to a “strong-buy” rating and set a $54.00 target price for the company in a report on Wednesday, August 1st. ValuEngine cut Sociedad Quimica y Minera de Chile from a “strong-buy” rating to a “buy” rating in a report on Friday, June 15th. Finally, UBS Group raised Sociedad Quimica y Minera de Chile from an “underperform” rating to a “market perform” rating in a report on Thursday, May 24th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $59.40.

Sociedad Quimica y Minera de Chile opened at $46.80 on Friday, according to MarketBeat.com. Sociedad Quimica y Minera de Chile has a 12 month low of $39.24 and a 12 month high of $64.20. The stock has a market capitalization of $12.66 billion, a price-to-earnings ratio of 28.71 and a beta of 1.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.02 and a current ratio of 3.22.

Sociedad Quimica y Minera de Chile (NYSE:SQM) last released its quarterly earnings results on Thursday, May 24th. The basic materials company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.01). Sociedad Quimica y Minera de Chile had a net margin of 20.32% and a return on equity of 19.48%. The company had revenue of $518.70 million during the quarter, compared to the consensus estimate of $522.50 million. equities research analysts expect that Sociedad Quimica y Minera de Chile will post 1.75 EPS for the current year.