Bank of New York Mellon Corp Makes New Investment in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Bank of New York Mellon Corp acquired a new stake in Sociedad Química y Minera de Chile S.A. (NYSE:SQM - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,819 shares of the basic materials company's stock, valued at approximately $393,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Kestra Investment Management LLC purchased a new stake in Sociedad Química y Minera de Chile in the fourth quarter valued at $39,000. R Squared Ltd purchased a new stake in shares of Sociedad Química y Minera de Chile in the 4th quarter valued at about $58,000. Avior Wealth Management LLC boosted its position in shares of Sociedad Química y Minera de Chile by 104.0% in the 4th quarter. Avior Wealth Management LLC now owns 2,128 shares of the basic materials company's stock valued at $77,000 after purchasing an additional 1,085 shares during the period. Blue Trust Inc. grew its stake in Sociedad Química y Minera de Chile by 23.3% during the 4th quarter. Blue Trust Inc. now owns 3,566 shares of the basic materials company's stock worth $130,000 after buying an additional 675 shares during the last quarter. Finally, MML Investors Services LLC acquired a new position in Sociedad Química y Minera de Chile during the third quarter worth approximately $202,000. 12.41% of the stock is currently owned by hedge funds and other institutional investors.

Sociedad Química y Minera de Chile Stock Performance

Sociedad Química y Minera de Chile stock traded up $0.57 during trading hours on Tuesday, reaching $40.30. 384,345 shares of the stock were exchanged, compared to its average volume of 1,063,828. Sociedad Química y Minera de Chile S.A. has a 52-week low of $32.24 and a 52-week high of $51.90. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.05 and a current ratio of 2.94. The firm's 50 day moving average is $40.37 and its 200 day moving average is $39.51. The stock has a market cap of $11.51 billion, a P/E ratio of -36.32, a P/E/G ratio of 5.00 and a beta of 1.08.

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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 business had revenue of $1.07 billion for the quarter, compared to analysts' expectations 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%. Analysts predict that Sociedad Química y Minera de Chile S.A. will post -1.31 EPS for the current fiscal year.

Sociedad Química y Minera de Chile 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.