Ameriprise Financial Inc. Acquires Shares of 7,291 Sociedad Quimica y Minera S.A. (SQM)

Ameriprise Financial Inc. acquired a new position in Sociedad Quimica y Minera S.A. (NYSE:SQM) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 7,291 shares of the basic materials company’s stock, valued at approximately $251,000.

Several other institutional investors have also bought and sold shares of the company. Financial Architects Inc increased its position 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 last quarter. Creative Planning boosted its stake in Sociedad Quimica y Minera by 40.7% in the first quarter. Creative Planning now owns 5,206 shares of the basic materials company’s stock worth $179,000 after buying an additional 1,506 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Sociedad Quimica y Minera by 19.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 6,420 shares of the basic materials company’s stock worth $184,000 after buying an additional 1,062 shares during the last quarter. Commerce Bank purchased a new stake in Sociedad Quimica y Minera during the first quarter worth approximately $203,000. Finally, Comerica Bank purchased a new stake in Sociedad Quimica y Minera during the fourth quarter worth approximately $210,000. 16.74% of the stock is currently owned by institutional investors.

Shares of Sociedad Quimica y Minera S.A. (NYSE SQM) traded down 0.16% during midday trading on Friday, reaching $42.91. The company had a trading volume of 376,722 shares. The stock has a market capitalization of $11.29 billion, a PE ratio of 34.97 and a beta of 1.06. The company’s 50 day moving average price is $39.11 and its 200 day moving average price is $35.51. Sociedad Quimica y Minera S.A. has a 52-week low of $24.51 and a 52-week high of $43.60.

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SQM has been the topic of several recent analyst reports. BidaskClub upgraded shares of Sociedad Quimica y Minera from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. Vetr raised shares of Sociedad Quimica y Minera from a “buy” rating to a “strong-buy” rating and set a $38.88 target price for the company in a report on Wednesday, May 3rd. Deutsche Bank AG lifted their price objective on shares of Sociedad Quimica y Minera from $36.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, May 22nd. Zacks Investment Research raised shares of Sociedad Quimica y Minera from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a research note on Wednesday, June 21st. Finally, BMO Capital Markets reissued a “hold” rating and set a $30.00 target price on shares of Sociedad Quimica y Minera in a research note on Thursday, May 18th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average 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.

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

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