Atria Wealth Solutions Inc. Has $564,000 Stock Position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM)

Atria Wealth Solutions Inc. grew its position in Sociedad Química y Minera de Chile S.A. (NYSE:SQM) by 5.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 9,293 shares of the basic materials company’s stock after acquiring an additional 450 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Sociedad Química y Minera de Chile were worth $564,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC bought a new stake in shares of Sociedad Química y Minera de Chile in the 3rd quarter valued at approximately $63,000. Avior Wealth Management LLC grew its position in Sociedad Química y Minera de Chile by 25.3% in the fourth quarter. Avior Wealth Management LLC now owns 1,253 shares of the basic materials company’s stock worth $75,000 after acquiring an additional 253 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Sociedad Química y Minera de Chile by 22.4% during the 4th quarter. Blue Trust Inc. now owns 1,414 shares of the basic materials company’s stock worth $84,000 after purchasing an additional 259 shares during the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Sociedad Química y Minera de Chile by 39.5% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,470 shares of the basic materials company’s stock valued at $144,000 after purchasing an additional 700 shares in the last quarter. Finally, Anfield Capital Management LLC acquired a new stake in shares of Sociedad Química y Minera de Chile in the 3rd quarter valued at $201,000. 12.41% of the stock is owned by hedge funds and other institutional investors.

Sociedad Química y Minera de Chile Price Performance

Shares of Sociedad Química y Minera de Chile stock opened at $47.68 on Monday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.33 and a quick ratio of 1.63. The company has a market cap of $13.62 billion, a PE ratio of 6.76 and a beta of 1.10. The firm has a fifty day moving average price of $47.58 and a two-hundred day moving average price of $49.00. Sociedad Química y Minera de Chile S.A. has a fifty-two week low of $38.50 and a fifty-two week high of $81.50.

Sociedad Química y Minera de Chile (NYSE:SQM) last released its earnings results on Wednesday, February 28th. The basic materials company reported $0.71 earnings per share for the quarter, missing the consensus estimate of $1.22 by ($0.51). Sociedad Química y Minera de Chile had a net margin of 26.95% and a return on equity of 39.90%. The company had revenue of $1.31 billion during the quarter, compared to the consensus estimate of $1.36 billion. During the same quarter in the previous year, the business posted $4.03 EPS. Analysts expect that Sociedad Química y Minera de Chile S.A. will post 4.18 EPS for the current year.

Sociedad Química y Minera de Chile Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 28th. Stockholders of record on Friday, May 10th will be issued a dividend of $0.2134 per share. This represents a $0.85 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Thursday, May 9th. Sociedad Química y Minera de Chile’s payout ratio is presently 18.30%.

Analyst Upgrades and Downgrades

SQM has been the topic of several analyst reports. Scotiabank lowered their target price on shares of Sociedad Química y Minera de Chile from $80.00 to $70.00 and set a “sector outperform” rating on the stock in a research report on Monday, March 4th. BMO Capital Markets lowered their price objective on Sociedad Química y Minera de Chile from $75.00 to $70.00 and set an “outperform” rating on the stock in a report on Friday, March 1st. JPMorgan Chase & Co. reduced their target price on Sociedad Química y Minera de Chile from $64.00 to $55.00 and set an “overweight” rating for the company in a report on Tuesday, February 6th. Deutsche Bank Aktiengesellschaft lowered their price target on Sociedad Química y Minera de Chile from $48.00 to $42.00 and set a “hold” rating on the stock in a report on Friday, April 19th. Finally, StockNews.com cut shares of Sociedad Química y Minera de Chile from a “hold” rating to a “sell” rating in a research note on Monday, March 4th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $65.18.

Sociedad Química y Minera de Chile Company Profile

Sociedad Química y Minera de Chile SA produces and distributes specialty plant nutrients, iodine derivatives, lithium derivatives, potassium chloride and sulfate, industrial chemicals, and other products and services. The company offers specialty plant nutrients, including potassium nitrate, sodium nitrate, sodium potassium nitrate, specialty blends, and other specialty fertilizers.